IDEAS home Printed from https://ideas.repec.org/p/eti/rpdpjp/17021.html
   My bibliography  Save this paper

China's One Belt One Road Initiative is the New World Order Leading to Mutual Prosperity (Japanese)

Author

Listed:
  • ENOMOTO Shunichi

Abstract

This paper proposes a framework to analyze China's One Belt One Road Initiative (hereinafter, "Initiative") as the development of its foreign aid policy, and helps Japan take appropriate action toward China's New World Order. The major results of this study are as follows. First, the Initiative envisions a new world economic zone across the Eurasian continent based on land traffic systems, as alternatives to the world economy dominated by the United States, European Union (EU), and Japan based on marine traffic. Second, the Initiative, however, shares development-investment characteristics with other emerging donors, and tends to give priority to the short-term interests of China's state-owned enterprises, the project builders of China's foreign aid, over the recipient's long-term development. Third, China's aid to African nations in the 2000s is blamed as economic deprivation in the name of aid, and the same problem occurred in Sri Lanka (Laos has managed to control China's aid harmlessly and succeeded in generating profit). Fourth, Laos' success is owed not only to its solid governance and concrete development scheme but also to the multinational aid environment whereby it can receive economic aid from Thailand, Vietnam, Japan, and EU members, whereas Sri Lanka can only seek aid from China. Fifth, Japan needs to choose Initiative projects leading to the recipients' long-term development, and must keep a distance from the Asian Infrastructure Investment Bank (AIIB) to strengthen the multinational aid environment in the One Belt One Road regions.

Suggested Citation

  • ENOMOTO Shunichi, 2017. "China's One Belt One Road Initiative is the New World Order Leading to Mutual Prosperity (Japanese)," Policy Discussion Papers (Japanese) 17021, Research Institute of Economy, Trade and Industry (RIETI).
  • Handle: RePEc:eti:rpdpjp:17021
    as

    Download full text from publisher

    File URL: https://www.rieti.go.jp/jp/publications/pdp/17p021.pdf
    Download Restriction: no

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eti:rpdpjp:17021. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (KUMAGAI, Akiko). General contact details of provider: http://edirc.repec.org/data/rietijp.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.