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The Belt and Road
Initiative in South–
South Cooperation
l i sh e ng
dm i t r i f e l i x d o n a sc i m e n t o
The Belt and Road Initiative in South–South
Cooperation
Li Sheng · Dmitri Felix do Nascimento
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer
Nature Singapore Pte Ltd. 2021
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Preface
v
vi PREFACE
the global economy? Why did the investment model of western devel-
opment cooperation organizations fail to achieve their goals? Why does
the BRI try to provide different answers than those of the Washington
Consensus? Will we see a reemergence of SSC after the creation of the
BRI? By presenting these questions, we will try to bring out the specifici-
ties of the meanings that the BRI has exercised in the multilateralism of
political relations and in the interrelations of the interests of the countries
that comprise it.
In chapter 2, The Belt and Road Initiative: China’s New Role in
Geopolitics and Security, we will elaborate on what conceptions were put
forward to characterize the BRI as a security and geopolitical risk and
what changes in liberal hegemony are implied by the expansion of the
BRI. We will address the security consideration of the BRI for China and
analyze the related perceptions and responses of China’s rivals, the United
States and NATO, whose understanding of the BRI will greatly influence
its development. We will describe the interpretation that US political and
military agents have formulated of the BRI and how Americans see the
BRI as a threat and not an instrument of cooperation. The dilemma of
the security issue in BRI countries with internal conflicts, the potential
risks in the geographical environment of China, and the BRI prospects in
the post-COVID-19 world are also discussed.
In chapter 3, BRI and the Economic Corridors: Opportunities for Devel-
opment, we describe an overview of the development of the BRI and
the six economic corridors it comprises: the China–Mongolia–Russia
Economic Corridor (CMREC), the New Eurasian Land Bridge (NELB),
the China–Central Asia–West Asia Economic Corridor (CCWAEC), the
China–Indochina Peninsula Economic Corridor (CIPEC), the China–
Pakistan Economic Corridor (CPEC), and the Bangladesh–Chinese–
India–Myanmar Economic Corridor (BCIMEC). Different perceptions
of the BRI are analyzed at length, such as from Russia in relation to the
Eurasian Economic Union (EEU) and the European Union (EU). Specif-
ically, we examine the fragmentation of northern and southern Europe
with the countries that are part of the BRI in the mechanism of Central
and Eastern European countries (16 + 1), as examples.
In chapter 4, Technological and Financial Integration in the BRI , we
will address the problem of the gaps of development in technology and
finance for developing countries. The role of New Development Banks
(NDBs) and Asia Infrastructure and Investment Banks (AIIB) in the
financial architecture of investments for the development of the BRICS
viii PREFACE
ix
x CONTENTS
Index 233
List of Charts
xi
CHAPTER 1
The Belt and Road Initiative (BRI) and South-South Cooperation (SSC)
mirror each other in the current international environment and develop-
ment cooperation system. On the one hand, China’s foreign policies are
deeply shaped by the Third World’s historical experience of being invaded
and dominated by western powers, which can still be observed today in
China’s relations with countries in the Global South. This point of view
is key for comprehending China. Moreover, as neoliberalism has declined
in the last decade, China and its developmental pathways are regarded as
alternatives by an increasing number of countries in the Global South.
In this context, the BRI has become a vital topic for understanding the
future of the Global South and SSC. Therefore, it is necessary to analyze
the relationship between China’s BRI and SSC. This chapter will explain
their interconnections and try to show that the BRI is an example of SSC
with Chinese characteristics by introducing the evolution of SSC and the
BRI in the context of the theoretical frameworks of international relations
and International Political Economy.
1.1 Introduction
Throughout history, the journey to national development and prosperity
has not been an easy one, especially for countries in the Global South
that have suffered colonial exploitation for centuries. The South here is
not an exclusively geographical term. In the discourse of international
geopolitics, the countries in the world tend to be categorized into “the
West” and “the Non-West” and “the South” and “the North” to indicate
their degree of development and geographic power relations from a global
perspective. The North refers to those nations with developed economies
and industrial bases, but they are not necessarily located in the geographic
north. In contrast, as a binary opposition to the North, the South
broadly refers to nations in the regions of Asia, Africa, Oceania, and Latin
America that are confronting a series of shared problems such as undevel-
oped economics and marginalized politics in the international community.
Those problems are deeply rooted in their historical experience, including
colonialism. This colonial background not only identifies those coun-
tries as “the South” or “the Global South” but also “the Third World,”
“Developing Countries” and even countries that are “underdeveloped,”
“premodern” and “backward.” According to the South Commission, the
majority of the planet’s countries are in the South, with populations that
take up four-fifths of the world and that are endowed with rich natural
resources and large territory; nevertheless, existing on the periphery of the
developed countries of the North, the benefits of prosperity and progress
have largely bypassed them.1
For centuries, the Global South has suffered from underdevelopment.
During the hundred years before the middle of the twentieth century,
most of the countries in the South were under the yoke of western colo-
nialism. They have continued to be in an unfavorable position, constantly
haunted by colonial legacies, even though colonialism was largely aban-
doned with the ending of imperial games following WWII. After the
colonial era, the countries of the South are commonly deficient in financial
support, technological capabilities, and discourse power in the interna-
tional system. Driven by historical experience and common problems,
countries in the South are striving for paths to national development
and prosperity. On the one hand, with the bitter historical memories of
1 For more details about the definitions of “the countries in the South,” please refer to
Burnell, P. (2017). Politics in the developing world. Oxford University Press; Dados, N., &
Connell, R. (2012). The global south. Contexts, 11(1), 12–13; Modi, R. (Ed.). (2011).
South-South Cooperation (pp. 1–26). Palgrave Macmillan; Slater, D. (2008). Geopolitics
and the postcolonial: Rethinking North–South relations . Wiley; The South Centre. (1990).
The Challenge to the South: The Report of the South Commission. Oxford University Press.
1 THE BELT AND ROAD INITIATIVE (BRI) … 3
being invaded and exploited, they have been aware of the deficiencies of
colonialism and war as approaches to wealth accumulation. On the other
hand, being disadvantaged, the countries of the South want to join forces
in a united front to pursue their common interest. In such circumstances,
South-South Cooperation emerged.
South-SSC is an international regime originally designed for inter-
state cooperation among countries in the Global South. It is still the
core of the various definitions of SSC. According to the United Nations
Office for South-South Cooperation (UNOSSC), SSC is a “broad frame-
work of collaboration among countries of the South in the political,
economic, social, cultural, environmental, and technical domains.”2 The
basis of the framework is diverse, from bilateral, regional, intraregional
to interregional, under which “developing countries share knowledge,
skills, expertise, and resources to meet their development goals through
concerted efforts.” The form of SSC includes “increased volume of
South-South trade, South-South flows of foreign direct investment,
movements toward regional integration, technology transfers, sharing of
solutions and experts, and other forms of exchanges.”3 The Department
of Economic and Social Affairs of the United Nations (UNDESA) gives
a different explanation:
by the state.5 Kevin Gray and Barry K. Gills also hold a similar idea
regarding SSC as an organizing concept, combining a set of practices in
pursuit of these historical changes through a vision of mutual benefit and
solidarity among the disadvantaged of the world system. It is worth high-
lighting in their explanation that SSC conveys the hope that development
may be achieved by the poor themselves through their mutual assis-
tance to one another, and the whole world order transformed to reflect
their mutual interests vis-à-vis the dominant Global North. Significantly,
SSC is endowed with a dual economic and political nature, considering
the historical experiences of the Third World.6 As Gosovic emphasizes,
SSC is also “a political project of emancipation, liberation, political, and
economic independence, of transcending the unidirectional links with the
North and vestiges of the colonial era, and of gaining influence and voice
in world affairs by pooling forces and acting collectively.”7
Admittedly, SSC reflected the common interests of countries in the
South, especially in the first two decades after WWII. With the support of
the United Nations, SSC has been expanded in more fields. However, it is
also an uneasy journey to have more development for SSC, especially after
the new millennium. On the one hand, the emergence of untraditional
security after the end of the Cold War has shaken global stability and
triggered a series of conflicts, both domestically and regionally. On the
other hand, rapid globalization has further enlarged the gap between the
North and the South, creating more obstacles to poverty eradication. As
a result, both countries in the South and SSC are currently confronting
severe challenges.
As a member of the Third World as well as a victim of colonialism and
imperialism, China deeply understands the eagerness for national devel-
opment of the countries in the South. Since 1949, China has attached
high importance to relations with countries of the South and SSC. For a
long time, China has defined itself as “a staunch supporter, active partic-
ipant and key contributor of South-South Cooperation” and committed
to “further expand South-South Cooperation, to promote joint efforts
5 Chaturvedi, S., Fues, T., & Sidiropoulos, E. (2012). Development cooperation and
emerging powers: New partners or old patterns? Zed Books.
6 Gray, K., & Gills, B. K. (2016). South–South cooperation and the rise of the Global
South. Third World Quarterly, 37 (4), 557–574.
7 Gosovic, B. (2016). The resurgence of South–South cooperation. Third World
Quarterly, 37 (4), 733–743.
1 THE BELT AND ROAD INITIATIVE (BRI) … 5
8 For more details about China’s latest foreign policies on the international development
cooperation, please refer to: The State Council of PRC. (2021). China’s International
Development Cooperation in the New Era.
9 Fowdy, T. (2020). South-South Cooperation is how we should understand China’s BRI
diplomacy. CGTN.
6 L. SHENG AND D. F. DO NASCIMENTO
After WWII, the decline in the western empires triggered the broad
liberalization movement in the Third Word, including Asia, Africa, and
Latin America. As a result, a number of new countries emerged in the
former colonial regions and began to act as independent actors in the
arena of international politics. However, these countries of the South
were still highly constrained in their journey to national development and
prosperity. On the one hand, they had been deeply exploited by colo-
nialism, which trapped them in a situation of poverty, premodernization
and preindustrialization. On the other hand, the post-war arrangements
failed to break the old economic order completely. The former colonies
were still deeply dependent on the north and stuck in an unfavorable posi-
tion. With the common predicament of underdevelopment and the goal
of national development, the countries in the South realized that only by
joining with other countries in the Global South could they truly become
independent actors in the global arena and achieve meaningful change
in international political and economic inequalities. In such a context,
countries in the South began to collaborate and establish mechanisms and
organizations for development cooperation.
The Bandung Conference is a vital milestone of SSC. However, the
date that marks the true beginning of SSC may be earlier. The starting
point of SSC could be 1945, the year WWII ended, because of two
historical events. One event is the establishment of the Arab League that
same year, which accelerated the independence of Middle East countries.
The other event is the Colombo Plan of 1950, a regional organization
established by the UK under the British Commonwealth to maintain its
relevance in the Asia–Pacific. However, it also promoted development
cooperation among the countries in Southeast Asia and South Asia.11
In 1955, the first Asian-African Conference was held in Bandung,
Indonesia, which was also named the Bandung Conference. It was the first
conference in history completely held and delegated by countries in the
South, assembling leaders from 29 countries whose combined population
made up approximately two-thirds of the world. The People’s Republic of
China was one of the participants. With the common hope of accelerating
cooperation among the nations of the Third World and reducing their
dependence on western countries, the delegates signed a communique
that set a series of concrete goals, including the promotion of economic
and cultural cooperation, protection of human rights and the principle
of self-determination, a call for an end to racial discrimination wherever it
occurred, and a reiteration of the importance of peaceful coexistence. The
Bandung Conference is a milestone of SSC, laying the political, economic,
cultural, and legal foundations for the so-called Spirit of Bandung and
what became the Third World project.
The Bandung Conference and the Bandung Spirit laid the foundation for
further collaboration and cooperation in politics and economics among
the countries of the South. Against the background of the Cold War,
to promote global peace and not be forced to take sides in the contest
between the two superpowers, the NAM was organized in 1961 dedi-
cated to the independence and security of the Third World. The NAM
continued the Spirit of Bandung, as captured by Yugoslav President Tito:
“Every country, regardless of their socioeconomic system, must daily
increase and broaden its economic cooperation.” Additionally, principles
such as “abstention from the use of arrangements of collective defense to
serve the particular interests of any of the big powers” were highly stressed
during the summit. In 1964, the G77, an intergovernmental organization
under the United Nations System, was established, which included most
developing counties in the world at that time. The G77 is named after
the number of countries present at the founding of the United Nations
Conference on Trade and Development (UNCTAD). It called for the
establishment of a New International Economic Order (NIEO) and was
designed to serve the common economic interests of developing coun-
tries and improve the negotiating capacity of the countries in the South
and promote SSC as a means for development.12
The 1970s was a great optimistic period for SSC. On the one hand, as
the prices of raw materials continued to increase, the revenue of the coun-
tries of the South improved accordingly.13 With the economic resurgence,
the trade volume among the countries of the South increased, making up
half of the world’s total trade volume.14 As a result of economic growth,
SSC was further developed in politics and cultures. On the other hand,
the increased activism of the G-77 and NAM during this period led to the
adoption of the UN General Assembly of Resolutions on the New Inter-
national Economic Order (NIEO) and new forms for technology transfer
between countries.
At the same time, a series of UN branches were established to promote
SSC, such as the United Nations Conference on Trade and Development
(UNCTAD) and the UN Fund for Science and Technology in Devel-
opment (UNFSTD). The authors believe that in this period, the three
pillars of SSC were constructed, and they remain significant today. The
first is the non-aligned movement continuing the Spirit of Bandung with
the principles of non-interference, self-determination, etc. It reflects the
political demands of the Third Word. In contrast, the other two pillars are
more focused on the economic interests of the Global South: the G77 and
UNCTAD. Each contributed to the conceptions, principles, and norms
that we can find today in the BRI.
The 1980s was a dark period for developing countries. As the prices of
primary commodities dropped, the revenue of the Global South widely
suffered heavy losses. At the same time, as the result of nation-building,
many developing countries, Africa and Latin America in particular, were
trapped in heavy debt and negative growth. To seek financial assistance,
many countries in the South had no choice but to turn to the West and
commit to shifting their development paradigm to that of the Bretton
Woods system, which wrecked their national stability.15 Moreover, under
the transition from the bipolar contest to US hegemony, a series of mili-
tary conflicts and wars broke out in the Middle East. Later, Southeast
Asia was severely affected by the 1997 financial crisis following the period
of economic prosperity. Worse still, developed countries’ gain from free
14 Sheng, L., & do Nascimento, D. F. (2021). A brief history of trade wars. In Love
and trade war (pp. 1–46). Palgrave Macmillan.
15 Sheng, L. (2012). Dealing with financial risks of international capital flows: A
theoretical framework. Cambridge Review of International Affairs, 25(3), 463–474.
10 L. SHENG AND D. F. DO NASCIMENTO
capital mobility likely comes at the expense of risk and loss for developing
countries due to the latter’s financial vulnerability.16 In this circumstance,
SSC was laid to one side.
In the first decade of the new millennium, international politics was rela-
tively stable compared with the previous decade, and the global economy
continued to grow until 2008. With economic prosperity at the beginning
of the twenty-first century, SSC experienced a resurgence. In April 2000,
the G77 South Summit in Havana, Cuba, was another key milestone for
SSC. As the coachievement of the G77 and China at the summit, the
Declaration of Havana reaffirmed the group’s position on the key issues
of current international affairs and their resolution to be the negotiator
with the North under multilateral regimes such as the United Nations.17
The Declaration also portrays the inequality between the North and the
South: “in this context, and noting the interdependence of nations and
the varying levels of human development worldwide, we stress the need
for a new global human order aimed at reversing the growing dispari-
ties between rich and poor,” and “the countries of the South have not
been able to share in the benefits of globalization on an equal footing
with the developed countries and have been excluded from the benefits of
this process. Asymmetries and imbalances have intensified in international
economic relations, particularly with regard to international cooperation,
even further widening the gap between the developing countries and the
industrialized countries.”18
Moreover, as a result of the UN Poverty Eradication initiative since
1997, the Global South and SSC have gained more attention. Addition-
ally, the development of the BRICS (Brazil, Russia, India, and China; it
was originally acronymized as “BRIC” in 2001, and when South Africa
was added, it became known as “BRICS”) played a significant role in
promoting SSC in three ways. First, it changed the position between
19 Zoccal Gomes, G., & Esteves, P. (2018). The BRICS effect: Impacts of South–South
Cooperation in the social field of international development cooperation. IDS Bulletin,
49(3), 130–144.
20 Mawdsley, D. E. (2012). From recipients to donors: Emerging powers and the changing
development landscape. Zed Books Ltd.
21 Pino, B. A. (2014). Evolução histórica da cooperação sul-sul (css). Repensando
Cooperação Internacional, 57 .
22 Gosovic, B. (2016). The resurgence of South–South cooperation. Third World
Quarterly, 37 (4), 733–743.
12 L. SHENG AND D. F. DO NASCIMENTO
After advances in recent decades, both the countries in the South and
SSC have made a series of remarkable achievements and accumulated
certain experiences for further development. However, new problems also
come along with progress. First, the structure of SSC should be improved
institutionally and theoretically. From the perspective of SSC institutions,
information asymmetry should be eliminated to promote transparency
and coordination, considering that many SSC projects are interstate and
interregional in nature, and information asymmetry should be elimi-
nated to promote transparency and coordination. From the perspective
of discourse power, it is necessary to construct a sharable SSC knowledge
system to reduce its vulnerability, especially under the predominance of
the western media.28
Second, the rise of emerging economies such as the BRICS actu-
ally exposes the economic divisions among the countries of the South.
In fact, the countries of the Global South today can be divided into
In 1985, China’s leader, Deng Xiaoping, pointed out that the world
was confronting two main issues. The first issue related to global peace
involving “East–West” relations, mainly between the United States and
the Soviet Union. The second issue was the development of the global
economy, involving “North–South” relations, in other words, the rela-
tions between developed countries and developing countries. He stressed
that the second issue caused by North–South relations was more severe
than the first. Although East–West conflicts have largely disappeared
29 Ibid.
30 Sheng, L. (2015). Theorizing income inequality in the face of financial globalization.
The Social Science Journal, 52(3), 415–424.
1 THE BELT AND ROAD INITIATIVE (BRI) … 17
with the collapse of the Soviet Union, its legacies still haunt SSC today.
Moreover, North–South relations tend to overshadow the Global South.
According to historical views of western geopolitics, international
development cooperation was sustained by a well-orchestrated anti-
communist policy articulated with business segments, the armed forces
and even the middle classes under the backdrop of the Cold War. This
is because international development emerged as a result of two main
political processes in the shadow of the Cold War.31 Europe’s reconstruc-
tion and the final disintegration of colonial empires, during which the
Marshall Plan set a precedent for interstate assistance for development
and the Organization for European Economic Cooperation (OEEC) was
later organized in 1948. The implementation of the Marshal Plan (1947)
and the creation of the OECD (1948), responsible for the reconstruction
of Europe (European Recovery Program), generated a strong influence
on economists of the time, as W. W. Rostow rightly put it. Of the total
US$13 billion package, more than 5% of the United States’ GDP in
1948 was defined and implemented between 1947 and the mid-1950s,
and approximately 25% consisted of food aid, sending seeds and fertil-
izers.32 Later, the routine practice of North-SSC (NSC) was formalized
as Official Development Assistance (ODA).33 At the same time, with the
dismantling of Europe, foreign assistance was broadly used as a tool for
the reconstruction of the spheres of influence by the two superpowers. In
this circumstance, the international system was re-hierarchized, leading to
cleavages between the developed and the underdeveloped spheres.34
In the 1970s, international organizations institutionally improved as
cooperation instruments. Between the 1980s and the 1990s, against
31 Hao, Y., Sheng, L., & Pan, G. (2017) Political Economy of Macao since 1999:
Dilemma of its success. Palgrave Macmillan.
32 Rostow, W. W. (1984). Development: The political economy of the Marshallian long
period. Pioneers in Development, 229–261.
33 Official development assistance (ODA) is defined by the OECD Development Assis-
tance Committee (DAC) as government aid that promotes and specifically targets the
economic development and welfare of developing countries. The DAC adopted ODA as
the “gold standard” of foreign aid in 1969 and it remains the main source of financing
for development aid. For more details, see Organization for Economic Co-operation and
Development, “Official development assistance—definition and coverage.”
34 Esteves, P., & Assunção, M. (2014). South–South cooperation and the international
development battlefield: Between the OECD and the UN. Third World Quarterly, 35(10),
1775–1790.
18 L. SHENG AND D. F. DO NASCIMENTO
35 Chaturvedi, S., Fues, T., & Sidiropoulos, E. (2012). Development cooperation and
emerging powers: New partners or old patterns? ZedBooks.
1 THE BELT AND ROAD INITIATIVE (BRI) … 19
was the core of the globalized network along the Silk Road, providing
numerous commodities that were popular around the world. The Silk
Road, both the land and the maritime, connected the market and the
production places in a thriving global trade before the era of globalization.
However, as imperialism intruded, the Silk Roads weakened over the last
two centuries. The Great Game between Great Britain and Russia inter-
rupted the interaction between the overland and maritime Silk Roads.36
With the decline in the Silk Road, China, the core of the Silk Road
network, also became trapped in the darkest time in its history.
Learning from the hardship and ignominies of past centuries, the
Chinese people now are clear about one truth: that opening is the key to
prosperity and national rejuvenation. In fact, the commitment to reviving
the Silk Road has never diminished, especially after the collapse of the
Soviet Union. To bridge the economic and political gap left by the
Cold War, a series of projects were proposed, such as the Asian Devel-
opment Bank’s Central Asia Regional Economic Cooperation Program,
the Transport Corridor Europe-Caucasus-Asia funded by the EU and
the continuous efforts of UNESCAP to upgrade the Asian Highway and
Trans-Asia Railway.37 However, this ancient Silk Road, as a commercial
route, did not gain too much attention from the world until the Belt and
Road Initiative was proposed in 2013.
After the twenty-first century, China’s social economy has been rapidly
developing. However, it is still confronting a series of challenges and even
obstacles to further challenges. Against such a background, China’s poli-
cymakers insist that to have more space for growth in the international
system, it is necessary to maintain multilateralism and multipolarity in the
international community and align with developing countries. Consid-
ering that soft power, including values and culture, is as important as
elements of hard power such as the economy and military force, J. Cheng
believes these are the reasons why China has to develop new thinking in
strategy and update its ideological interpretation as a backup for China’s
emergence.38 To some extent, the BRI reflects China’s endeavors both
in hard power and soft power as a comprehensive cooperation program
36 Chan, M. H. T. (2018). The Belt and Road Initiative—The new silk road: A research
agenda. Journal of Contemporary East Asia Studies, 7 (2), 104–123.
37 Ibid.
38 Cheng, J. Y. (2010). China’s foreign policy after the seventeenth party congress.
Dancing with the Dragon: China’s emergence in the developing world, 23–52.
1 THE BELT AND ROAD INITIATIVE (BRI) … 21
The Belt and Road Initiative championed by China, with over 100 coun-
tries expressing interest in partnership, will provide new opportunities
and impetus for international collaboration, including South-SSC. The
initiative focuses on promoting policy coordination, connectivity of infras-
tructure and facilities, unimpeded trade, financial integration and closer
people-to-people ties.44
45 Taidong, Z., & Haibing, Z. (2018). China’s Belt and Road Initiative: An opportu-
nity to re-energize South-South Cooperation. China Quarterly of International Strategic
Studies, 4( 04), 559–576.
46 The State Council of PRC. (2014). China’s foreign aid. http://english.www.gov.cn/
archive/white_paper/2014/08/23/content_281474982986592.htm.
24 L. SHENG AND D. F. DO NASCIMENTO
In the Action Plan on the Belt and Road Initiative,47 we found that
the sense of connectivity and interconnectivity interact in an attempt to
place Asia, Europe, and Africa in a common set of development concepts
that can be shared:
The Belt and Road Initiative aims to promote the connectivity of Asian,
European and African continents and their adjacent seas, establish and
strengthen partnerships among the countries along the Belt and Road,
set up all-dimensional, multitiered and composite connectivity networks,
and realize diversified, independent, balanced and sustainable development
in these countries. The connectivity projects of the Initiative will help align
and coordinate the development strategies of the countries along the Belt
and Road, tap market potential in this region, promote investment and
consumption, create demands and job opportunities, enhance people-to-
people and cultural exchanges, and mutual learning among the peoples of
the relevant countries, and enable them to understand, trust and respect
each other and live in harmony, peace and prosperity.
47 The State Council of PRC. (2015). Action Plan on the Belt and Road
Initiative. http://english.www.gov.cn/archive/publications/2015/03/30/content_2814
75080249035.htm.
1 THE BELT AND ROAD INITIATIVE (BRI) … 25
Total trade between China and other Belt and Road countries in 2014-
2016 exceeded US$3 trillion, and China’s investment in these countries
has surpassed US$50 billion. Chinese companies have set up 56 economic
cooperation zones in over 20 countries, generating some US$1.1 billion
in tax revenue and 180,000 jobs for them (...) The Asian Infrastructure
Investment Bank has provided US$1.7 billion of loans for 9 projects in
Belt and Road participating countries. The Silk Road Fund has made US$4
billion of investment, and the 16+1 financial holding company between
China and Central and Eastern European countries has been inaugurated.
48 Speech by H. E. Xi Jinping. Work Together to Build the Silk Road Economic Belt
and The Twenty-First-Century Maritime Silk Road. http://2017.beltandroadforum.org/
english/n100/2018/0306/c25-1038.html.
49 The State Council of PRC. (2021). China’s International Development Cooperation
in the New Era. http://english.www.gov.cn/archive/whitepaper/202101/10/content_W
S5ffa6bbbc6d0f72576943922.html.
26 L. SHENG AND D. F. DO NASCIMENTO
50 Yilmaz, S. (2014). China, historical blocs and international relations. Issues and
Studies, 50(4), 191.
1 THE BELT AND ROAD INITIATIVE (BRI) … 27
45.7%, Asia 32.8%, and Latin America and the Caribbean 12.7%; these
projects included railways, highways, power plants, water conservation
schemes, farms, schools, hospitals, and sports venues, all of them aimed
at improving everyday life in recipient countries.”
Furthermore, Zhou introduces the dual status of China in foreign aid.
On the one hand, China acts as a developing country donor. On the other
hand, it is also a recipient of aid for its own development. According to
Zhou’s analysis, aid can be divided into two categories. In the context of
financial aid transferred from the developed to the underdeveloped world,
the donor country “assume[s] the responsibility of helping underdevel-
oped countries and the assistance should be provided selflessly, with no
conditions attached.” As a result, underdeveloped countries are supposed
to prioritize poverty eradication as a central task. Considering the advan-
tages of China’s Model, where the economic system is diversified by
the socialist market economy and business enterprises, Zhou argues that
financial organizations should play a key role in the market to attract
FDI and unburden the recipients. At the same time, enterprises should
be encouraged to enter recipient countries according to the experience
of China. Zhou believes it is “conducive to the combination of govern-
mental aid funds and funds of enterprises to expand the financial sources
and project scale, consolidating the achievements of aid projects and
raising their efficiency.”
Additionally, Zhou reports on the experience and cooperation mech-
anisms that China has been building with foreign aid, which, after
adjustments in policies, methods, systems, and organization, has become
more complex and diversified in both structure and participation. This
complexity of the cooperation mechanisms based on China’s experience
in Africa and Asia provides a history that has been incorporated into the
BRI. As the author reports, “many developing countries also welcome
China’s aid because they can learn from China’s experience in acquiring
funds, technology and expertise, and developing the markets they need
for their economic development.”
reflect their mutual interests vis-à-vis the dominant Global North.57 Like-
wise, the BRI is a cooperative development initiative proposed by China,
the largest developing country in the world, with the hope of building
up a community of a shared future for all humankind and achieving
mutual development. However, the roots of those good hopes are the
bad legacies on the old pathways to the development and the failures of
the current international system. Before explaining why the BRI is signif-
icant for SSC, it is necessary to review the last five centuries and discuss
the pathways of development.
57 Gray, K., & Gills, B. K. (2016). South–South cooperation and the rise of the Global
South. Third World Quarterly, 37 (4), 557–574.
58 Allen, R. C. (2011). Global economic history: A very short introduction (Vol. 282).
Oxford University Press.
59 Slater, D. (2008). Geopolitics and the postcolonial: Rethinking North–South relations .
Wiley.
32 L. SHENG AND D. F. DO NASCIMENTO
60 Lenin, V. I. (1917). Imperialism the highest stage of capitalism. Aziloth Books. ed.
2018.
1 THE BELT AND ROAD INITIATIVE (BRI) … 33
on Bretton Woods’ determinations, the United States created the basis for
the development of international institutions such as the WTO, WB, and
IMF. This institutional architecture, together with the United Nations
(UN), anticipated the Cold War conflicts between the United States and
the USSR. In the 1970s, the Bretton Woods system faced a crisis of
legitimacy. At the same time, the oil crisis in the 1970s and the debt
crisis in the 1980s eroded the belief that controlled markets produced
growth and stability, accelerating economic financialization and under-
mining the state’s role in economic planning.61 Therefore, the author is
trying to argue that the third stage of liberal hegemonic development can
be further divided into two stages: the third stage, which spanned from
1945 to 1980 when Keynesianism prevailed; and the fourth stage, which
began with the reforms of privatization and liberalization under Margaret
Thatcher and Ronald Reagan, shifting Keynesian to neoliberalism. With
the collapse of the Soviet Union, the optimism for liberalism reached its
peak. Fukuyama was perhaps the most optimistic, claiming that it was “the
end of history for mankind’s ideology evolution; the universalization of
western liberal democracy will be the final form of human government.”62
However, the pathway to the industrialized boom of the West was a
blind alley of deindustrialized doom for the rest of the world, especially
for the ancient manufacturing economies of Asia. As R. Allen stresses,
“the underdevelopment is the product of the nineteenth-century global-
ization and western industrial development.”63 The situation in the Third
World has been in strong contrast to the West for ages. In the nineteenth
century, when rivalry among western imperialist powers reached its peak,
China’s fortune slumped to rock bottom. The hundred years between the
1840s and the 1940s is usually deemed the darkest age in the history of
China for most Chinese people. This ignominious history deeply shaped
the internal and external policies of China in the following decades as
the result of the strong forces of imperialism and revolution. On the one
hand, imperialism brought the most miserable and disgraceful memories
to Chinese people. According to China’s historical discourse, the first
Opium War between China and Britain was regarded as a critical junc-
ture of China’s modern history; China became a semicolony and began
to suffer invasions from imperialist empires, including Britain, France,
Russia, and Japan. On the other hand, the Chinese people were inspired
by the revolution to fight against the invaders and explore pathways to
national rejuvenation. To some extent, the bitter historical memories
shaped China’s empathy for nations that had suffered the same history
and comprehension of the Third World’s desire for self-determination,
independence, equality, and development, which further influenced the
internal and external policies of China after 1949.
Regarding internal development, R. Allen believes that China is a great
example of a “big push” development model in the twentieth century;
thus, the key to China’s achievement cannot be simply summarized as
“free market reform.”64 The development of China can be divided into
two periods: the planning period, between 1950 and 1978, and the
reform period, which spanned from 1978 to the present. In 1949, when
the Communist Party of China (CPC) established the People’s Republic
of China, China confronted a dire economic situation, with a GDP
per capita of only $448. In response, China adopted the Soviet model,
including collective farms, state-owned industry and central planning,
and focused on heavy industry to promote an urbanized and industri-
alized society. At the same time, China attempted to “walk on two legs”
by combining capital-intensive technology and labor-intensive manufac-
turing. As a result, the GDP per capita had doubled from 1949 to 1978.
Although China was not distinguished from other poor countries at the
time, the period established the foundations of its industrialization and
modernized defense system, which has gained increasing attention in
recent years. In 1978, China’s reform began with the second-generation
leader Deng Xiaoping. The planning economy was shifted to a market
economy. With exchange rate stability and selected capital control, China
exhibited strong macroeconomic performance in the period.65 However,
R. Allen insists that the heritage of the planning economy cannot be
ignored in areas such as public health, literacy, education, and overall
industry.
64 Ibid.
65 Sheng, L. (2014b). Income inequality, financial systems, and global imbalances: A
theoretical consideration. Global Policy, 5(3), 311–320.
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The Project Gutenberg eBook of Blackwood's
Edinburgh Magazine, Vol. 75, No. 460,
February, 1854
This ebook is for the use of anyone anywhere in the United
States and most other parts of the world at no cost and with
almost no restrictions whatsoever. You may copy it, give it away
or re-use it under the terms of the Project Gutenberg License
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eBook.
Author: Various
Language: English
EDINBURGH MAGAZINE.
LXXV.
CONTENTS.
EDINBURGH:
WILLIAM BLACKWOOD & SONS, 45 GEORGE STREET,
AND 37 PATERNOSTER ROW, LONDON;
EDINBURGH MAGAZINE.
ABYSSINIAN ABERRATIONS.[1]
“I went out to procure a supper for myself and numerous friends and attendants;
and, to tantalise my English sporting readers, I will tell them what bag I brought
home in little more than an hour. My first shot brought down four guinea-fowl; my
second, five ditto; third, a female of the little Ben Israel gazelle; fourth, her male
companion; and, fifth, a brace of grouse; so that in five shots I had as good a bag as
in England one would get in an average day’s shooting, and after expending half a
pound of powder, and a proportionate quantity of shot, caps, and wads. But I feel it
my duty to explain that I never shoot flying, considering that unsportsmanlike. A
true sportsman shows his skill by getting up to his game unperceived, when,
putting the muzzle of his gun as close to the tail-feathers as he possibly can, he
blazes away into the thick of the covey, always choosing the direction in which he
sees three or four heads picking in a row! At any rate, this is the only way you can
shoot in a country where, if you entirely expend your powder and shot, you must
starve, or else make more, as I have been obliged to do many a time. I cannot
understand how people in Europe can enjoy shooting, where one is dependent on a
crowd of keepers, beaters, dogs, sandwiches, grog, &c.... My sole companion on
ordinary occasions is a little boy, who carries my rifle, whilst I carry my gun, and
we do all the work ourselves. His sharp eyes, better accustomed to the glare than
my own, serve me in every point as well as a setter’s nose. The country (about
Ailat) is sandy and covered with large bushes. Most of the trees are thorny, being
chiefly of the mimosa tribe, and their thorns are of a very formidable description,
some of them being about two inches and a half in length, and as thick at the base
as a large nail; while another variety, called in Abyssinian the ‘Kantàff-tafa,’ have
thin short-curved thorns placed on the shoots two and two together. These catch
you like the claws of a hawk, and if they enter your clothes you had better cut off
the sprig at once, and carry it with you till you have leisure to liberate yourself,
otherwise you will never succeed; for as fast as you loosen one thorn another
catches hold.”