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Pyrex Journal of Political Science and International Relations (PJPSIR)

June 2017 Vol. 3 (2), pp. 13-29

Copyright © 2017 Pyrex Journals




Full Length Research Paper


China’s ‘One Belt, One Road’ Initiative. Just economics?


Arnaldo M. A. Gonçalves

Institute of Political Studies. Catholic University of Portugal, Portugal.

Corresponding Author E-mail: ArnaldoG@iacm.gov.mo

Accepted 19th June, 2017



Abstract


China’s OBOR has been presented as China’s leading and very ambitious development project for the next four decades. Some see in it the Chinese Marshall Plan aiming to integrate China in its environment and accommodate the policies of the East Asian countries into Beijing’s own ambitions and priorities. China has the financial resources, the institutional frameworks such as the AIIB, the will and the power to make it work. The megaproject comes at a time of America’s retreat from East Asian initiatives like the TPP and downgrade of the security and defence alliances that the U.S. maintains with several Asian nations. The initiative was received initially with reservations from Russia, a major Eurasian power, and as a security challenge in Russia’s backyard. But the very special “momentum” in Putin-Xi relationship seems to reunite Russia-China divergent interests. If this megaproject succeeds what will be the long-term consequences for the international order, as we know it?

Keywords: One Belt, China, Asia.

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