The Belt and Road Initiative: A “China model” for the developing world?

David Skidmore ()

Chapter 3 in China, the West and the Global Development Finance Regime, 2025, pp 55-94 from Edward Elgar Publishing

Abstract: The chapter turns to the question of whether the BRI serves as a vehicle for exporting an illiberal “China model” of development. While the economic practices and priorities embodied in the BRI replicate aspects of China's recent domestic political economy, they differ significantly from the successful development path China blazed during the 1980s through the early 2000s. The BRI model is centered on an infrastructure-heavy, debt-development complex that first arose in the 1990s before intensifying following the 2008 financial crisis. This model has been less successful within China itself as compared with the reforms of earlier decades and offers an even poorer fit with the local political economies of many BRI recipient countries.

Keywords: Belt and Road Initiative; China model; Debt-development complex; Rentier state; International debt; Fragmented authoritarianism (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035334360
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