Until Chinese officials improve transparency standards, the international community should provide better alternatives to Chinese infrastructure loans and publicize the perils of opaque approaches to building infrastructure. Leaders in recipient countries must also demand greater transparency — or risk drowning in the murky waters of China’s Belt and Road Initiative.
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Reconnecting Asia tracks infrastructure developments across Eurasia, a vast landmass that includes 60 percent of the global economy. Every day, new projects are announced; some advance, while others encounter obstacles. Here is a selection of projects and trends we will be following in 2019.
A special report by Nikkei Asian Review and The Banker which leverages data from the CSIS Reconnecting Asia Project has found that China’s Belt and Road initiative holds considerable promise for countries in need of infrastructure investment along its route, however, participation has been hampered by challenges ranging from a lack of participation by local workers and banks to unmanageable debt hangovers.
Reconnecting Asia is tracking developments across a vast landmass that includes 60 percent of the global economy. Every day, new infrastructure projects are announced, some are advanced, and others encounter obstacles. Here is a selection of the top projects to watch in 2018.
Disaster sometimes moves slowly. Naturally, our attention is drawn to fast-moving, visually captivating threats: a raging wildfire, a careening car, a missile test. Terrorist attacks are often designed to tap into these cognitive biases. But some threats grow gradually and out of sight. When they finally materialize and appear urgent, it’s already too late.