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Blog Post
June 14, 2023
An interesting paper (and podcast) by Francis Fukuyama and Michael Bennon look at China’s Belt and Road Initiative (BRI) and recent debt distress in BRI project countries, building on work by Scott Morris and co-authors that examined 100 Chinese debt contracts with foreign governments. BRI has invol...
Blog Post
June 30, 2021
If B3W is to be the better Belt and Road, it will have to embrace the role of government in infrastructure provision and ensure private sector infrastructure projects are designed and run in the public interest. Otherwise, and despite the denials-, low- and middle-income countries would be right to ...
Blog Post
October 19, 2020
As the possibility of a new Cold War between the US and China gains traction in some foreign policy circles, the scale of Chinese development finance has taken center stage. A closer examination suggests the cost to China of this lending is distinctly underwhelming. It would be cheap for the US and ...