Established Bretton Woods IFIs vs emerging AIIB affiliates

.

Chapter 6 in Alternative Development Finance and Parallel Development Strategies in the Asia-Pacific, 2021, pp 153-178 from Edward Elgar Publishing

Abstract: Chapter Six compares the emerging China-led emerging development financing with the established Bretton Woods institutions. Today, DFIs should make reform to manage the infrastructure investment gap. These reforms concern bankability, sustainability, inclusive, and quality infrastructure. This chapter discusses cooperation and potential conflicts of interest between the established and emerging IFIs. The world debt and debt sustainability are grand challenges for this century. Particularly, many OBOR recipient countries have suffered from heavy debt burden and financial risks. Even in China, massive infrastructure investments lead to heavy debt load. Further examination finds that the OBOR initiative aims to export China’s development model--trade surplus, excess investment, and oversupply of currencies. Thus, as many observers have noticed, the OBOR—as China’s global expansion strategy—interweaves political, economic, and military ambitions. Instead of promoting industrialization and development in the developing world, China’s infrastructure-driven development model is criticized for lack of investment efficiency and sustainability.

Keywords: Asian Studies; Development Studies; Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/9781800882911.00012.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:20550_6

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().