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Really interesting article. A couple of comments. Investing in foreign infrastructure and trade is good, as the article itself says, also because it creates a d
by danmaz74 9y ago
Really interesting article. A couple of comments. Investing in foreign infrastructure and trade is good, as the article itself says, also because it creates a disincentive for war. But we need to keep in mind that economic interest isn't enough to prevent war; before WWI lots of people thought that a new war in Europe was unthinkable, considering the interdependence of Europe economies at the time and how much everybody had to lose with a war. It didn't matter.
Another very important point IMHO is that the end result of this will depend a lot on how productive will these investments turn out to be; will they create good returns or not? If returns are good, they will create wealth and everybody will probably be happy in the end. If returns will be poor, I'm afraid they could end up creating very big tensions in the future between China and the countries that are getting indebted now.