"It is not a game changer on the scale of BRI. It is a good announcement but you don't look at the proposal and say, oh my god, the world can't live without it," Mr Khanna told the BBC.
You can see why.
China has a 10 year head-start with BRI with total investments under the initiative crossing an eye popping $1 trillion this July. Over 150 countries have joined as partners, which as Mr Luthra writes has significantly expanded its geographical scope "from a regional to a near-global initiative."
IMEC isn't the first effort by the developed west to use infrastructure as a counter to contain China's growing footprint.
The G7 and US launched a Partnership for Global Infrastructure and Investment in 2022, aiming to mobilize $600bn in global infrastructure projects by 2027. The Global Gateway is the EU's answer to BRI."
"Then there are also the obvious geopolitical complexities of navigating ties between partner countries such as the US, Israel and Saudi Arabia who often don't see eye to eye. It wouldn't take very much for tactical cooperation of this kind to go awry, say experts."
SOURCE:
https://www.bbc.com/news/world-asia-india-66957019
You can see why.
China has a 10 year head-start with BRI with total investments under the initiative crossing an eye popping $1 trillion this July. Over 150 countries have joined as partners, which as Mr Luthra writes has significantly expanded its geographical scope "from a regional to a near-global initiative."
IMEC isn't the first effort by the developed west to use infrastructure as a counter to contain China's growing footprint.
The G7 and US launched a Partnership for Global Infrastructure and Investment in 2022, aiming to mobilize $600bn in global infrastructure projects by 2027. The Global Gateway is the EU's answer to BRI."
"Then there are also the obvious geopolitical complexities of navigating ties between partner countries such as the US, Israel and Saudi Arabia who often don't see eye to eye. It wouldn't take very much for tactical cooperation of this kind to go awry, say experts."
SOURCE:
https://www.bbc.com/news/world-asia-india-66957019
No comments:
Post a Comment