Skip to main content

Mobilizing the Indo-Pacific infrastructure response to China’s Belt and Road Initiative in Southeast Asia


EXECUTIVE SUMMARY

China has become a significant financier of major infrastructure projects in Southeast Asia under the banner of its Belt and Road Initiative (BRI). This has prompted renewed interest in the sustainable infrastructure agenda in Southeast Asia from other major powers. In response, the United States, Japan, and Australia are actively seeking to coordinate their own revamped overseas infrastructure efforts as part of a trilateral arrangement aimed at upholding a free and open Indo-Pacific.

Though principally motivated by geostrategic concerns, such international policy efforts are also well-justified on economic grounds — given the persistence of Southeast Asia’s large infrastructure financing gap, low world interest rates, and concerns about structurally weak global economic growth. In addition, China’s approach to infrastructure poses clear risks to governance, as well as economic, environmental, and social sustainability in the region. Finally, at the time of writing, the COVID-19 virus has unleashed a global health and economic pandemic of enormous proportions. Policymakers are currently focused on containing the health and economic damage of the virus. However, as the priority shifts to the post-crisis recovery, this inevitably will see focus return to the sustainable infrastructure agenda — with Southeast Asian governments looking for willing partners to assist.

The current approach of the trilateral partners, however, is likely to fall short in its ambition to provide a credible response to China’s BRI. The present emphasis on mobilizing more private capital for infrastructure development cannot deliver the kind of dividends needed to compete with the scale of China’s BRI. Nor is an emphasis on high infrastructure standards likely to deter Southeast Asian governments from taking on Chinese projects as long as China continues to be perceived as offering faster, less risk-averse, and more responsive support compared to alternatives available from traditional partners.

This policy brief makes several practical recommendations that would allow the trilateral partners to compete more effectively with China while simultaneously promoting more sustainable development outcomes. This includes increasing efforts to expand the pool of bankable projects and providing technical assistance to help Southeast Asian governments to better manage any BRI projects they might take on — particularly via the multilateral development banks, which can act as politically neutral technical arbiters. Meanwhile, the trilateral partners need to improve the competitiveness of their own infrastructure approaches to be more streamlined, less risk-averse, and more fit-for-purpose. This could be a useful part of the agenda for the new Blue Dot Network. More ambition is also needed. Contrary to the assumption that it impossible to match China’s financing scale, estimates presented in this policy brief suggest that the gap is not that large —  implying the trilateral partners can indeed keep pace if they are willing to direct adequate budgetary resources to the task. Finally, Australia is currently the only trilateral partner without access to the full range of development financing instruments and should consider options for addressing this gap in its capabilities


https://www.brookings.edu/research/mobilizing-the-indo-pacific-infrastructure-response-to-chinas-belt-and-road-initiative-in-southeast-asia/

Comments

Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed.
Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area”
For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number”
Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell you …

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…

Historical relationship between Kurd and Baloch.

The Kurds are the ethnical group living in a region known as Kurdistan which is divided into Iraq, Syria, Turkey and Iran. They  are struggling for an independent region since decades and they are famous for their female guerrilla fighters.        On 25 September 2017, the referendum for an independent Kurdish region  was held in Iraq with a turn out of 72 %.   On this important occasion, the historical relation between Kurd and Baloch people is worth discussing.       When it comes to history, every nation tends to find its roots and origin. Same goes with the Baloch people. The Baloch people are always curious  about  finding their roots in history. Even if you  talk to a shepherd in Balochistan, he will be curious to talk about his  tribal or ethnical roots.      The Balochs have always conveyed the history to the next generations in different mediums like poems etc. No Baloch before 20th century had written books on  history  or origin of the Baloch nation .
        Balochs…