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I read an interesting argument over at Foreign Policy highlighting the failures of China's One Belt One Road foreign policy, and attributed those failures (and
by SubiculumCode 8y ago
I read an interesting argument over at Foreign Policy highlighting the failures of China's One Belt One Road foreign policy, and attributed those failures (and their continuation) to the increasing authoritarianism of President Xi, and the breakdown of the Party's meritocractic efficiency seen over the last 20 years or so.
https://foreignpolicy.com/2018/12/06/bri-china-belt-road-initiative-blunder/ https://foreignpolicy.com/2018/12/06/bri-china-belt-road-ini...
- ChuckMcM 8y agoThat probably deserves its own submission as a link. I can quibble with some of the details but I agree with the general thesis that China's execution of the OBOR initiatives have failed to meet expectation and that the initiative has become more important than the results politically. I keep looking for signs for this effort to collapse and take the RMB with it, but China has more direct control over the levers than most economies would trying to pull off what they are doing.
- SubiculumCode 8y agoI submitted it about an hour ago. https://foreignpolicy.com/2018/12/06/bri-china-belt-road-initiative-blunder/ https://foreignpolicy.com/2018/12/06/bri-china-belt-road-ini...