China's Belt and Road Initiative: Analysing Diplomatic Impacts and Challenges
Journal: International Journal of Advance Study and Research Work (Vol.7, No. 1)Publication Date: 2024-03-22
Authors : Anjali Sehrawat;
Page : 45-54
Keywords : China; Belt and Road Initiative; Diplomatic Impacts; Challenges;
Abstract
The goal of China's Belt and Road Initiative (BRI), also known as the "New Silk Road" or the "Silk Road Economic Belt," is to improve global connectivity by reviving ancient trade routes. The BRI is a network of land and sea routes that crosses Asia, Europe, Africa, and the Middle East. The "Road" refers to the Maritime Silk Road, which connects China's southern coast to Africa, the Mediterranean, Southeast Asia, and Central Asia by sea. The "Belt" is the Silk Road Economic Belt, which connects China to Central Asia and Europe by land. To enable trade over the contemporary Silk Road, the program calls for the construction of ports, pipelines, bridges, electricity grids, and railroads. Despite the ambitious goals and potential benefits of China's Belt and Road Initiative (BRI), there exist significant impacts and challenges that need to be addressed. These include concerns related to sovereignty, debt sustainability, geopolitical tensions, and the potential for unequal economic benefits among participating countries. This paper aims to analyse these diplomatic impacts and challenges in the context of China's BRI, shedding light on its implications for global trade dynamics and international relations. Furthermore, examining how other Western countries are responding with their infrastructure plans in the face of China's BRI adds a comparative perspective to this complex global phenomenon. The research methodology employed in this paper involves a comprehensive review and analysis of existing literature, including academic studies, policy papers, and media reports, to examine the diplomatic impacts and challenges associated with China's Belt and Road Initiative. By synthesizing insights from diverse sources, this study provides a nuanced understanding of the complexities surrounding the BRI and its implications for global trade and diplomacy.
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Last modified: 2024-04-17 20:10:24