The Chinese Playbook: Infrastructural Revolution Gives Way to New Global Power

Abstract: At this moment, every child born in Angola owes money to the Chinese government. Angola, Africa’s second-largest oil exporter owes more than $20 billion to a number of Chinese entities as listed debt. But Angolans aren’t the only ones reeling under a foreign debt, they share this crisis with many of their African comrades. Quite simply, Beijing, as we are told, coaxes underdeveloped nations into taking loan after loan to build infrastructure that they simply cannot afford otherwise, and will almost certainly not yield any proportionate economic benefits from. At the end of this dysfunctional cycle, the ultimate objective is for China to take control of these assets. This concept has been defined as ’debt-trap-diplomacy’, an overly hackneyed term introduced in 2017 and quickly oversold by the Western world, especially in the context of the much-touted Belt and Road Initiative (BRI)

Location
Deutsche Nationalbibliothek Frankfurt am Main
Extent
Online-Ressource
Language
Englisch
Notes
Veröffentlichungsversion
begutachtet (peer reviewed)
In: IndraStra Global (2022) ; 1-5

Classification
Wirtschaft

Event
Veröffentlichung
(where)
Mannheim
(who)
SSOAR, GESIS – Leibniz-Institut für Sozialwissenschaften e.V.
(when)
2022
Creator
Pawar, Avisha

URN
urn:nbn:de:0168-ssoar-76987-4
Rights
Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
Last update
15.08.2025, 7:38 AM CEST

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Associated

  • Pawar, Avisha
  • SSOAR, GESIS – Leibniz-Institut für Sozialwissenschaften e.V.

Time of origin

  • 2022

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