Opinion: How U.S. Global Infrastructure Push Will Affect Belt and Road

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Opinion: How U.S. Global Infrastructure Push Will Affect Belt and Road Anonymous 2021-07-30 (Fri) 14:58:10 No.411044

TLDR: the BBBW is too late and not enough

>According to available information, we have the following predictions:

>First, due to the serious shortage of global infrastructure, even if the U.S.-led B3W initiative can provide $40 trillion to developing countries by 2035, it would not squeeze Belt and Road’s investment space.
>In fact, the participation of the U.S. and its allies in global infrastructure may bolster the global economy and also indirectly benefit China, the world’s largest steel producer and exporter. If B3W and BDN are carried out as planned, they may bring some positive effect on China’s economic growth.

>Second, the U.S.-led programs will surely put some pressure on Belt and Road, although they may not necessarily have a major negative impact on the program. For example, the U.S. would provide loans to countries at lower interest rates, propose higher standards of transparency in terms of capital sources and loan flows, pay more attention to environmental issues in the process of infrastructure construction, attract a larger proportion of private sector capital to global infrastructure construction, pursue a more market-oriented manner and so on.

>Third, given that BDN was jointly initiated by the U.S., Japan and Australia, it would mainly focus on Southeast Asia and the Indo-Pacific region. The ASEAN countries are key participants in China’s Belt and Road Initiative. The 10 member countries have obtained more than 60% of the investment of all Belt and Road countries. In the future, increased infrastructure investment by the U.S. and its allies in Southeast Asia is likely to put some competitive pressure on Chinese companies, but it will also improve the globalization level of China’s industrial supply chains. From this perspective, BDN will actually provide an opportunity for China to prevent and defuse “U.S.-China Decoupling,” the current biggest external risk for China. Therefore, the expansion of economic and trade exchanges and bilateral investment between China and ASEAN countries could help avoid a new Cold War between the world’s two biggest economies.

https://outline.com/kXPM9u

Anonymous 2021-07-30 (Fri) 15:02:35 No.411052

>US
>infrastructure

Anonymous 2021-07-30 (Fri) 15:05:35 No.411056

File: 1627657535526.jpg ( 67.11 KB , 684x960 , FOUR TIMES.jpg )

>the BBBW is too late and not enough
<big black beautiful women

Anonymous 2021-07-30 (Fri) 15:06:07 No.411058

>>411044
BBBW is exploitation disguised as investments at best and neocolonialism at worst.

Anonymous 2021-07-30 (Fri) 15:07:29 No.411064

>>411044
America should've invited China and Russia to make a G9 and collabed their BBBW and BDN with China's initiatives and investment programs. That would be much better.

Anonymous 2021-07-30 (Fri) 15:13:16 No.411076

File: 1627657995927.jpg ( 134.93 KB , 706x471 , 1627554726979911.jpg )

>>411052
That's what the first half of the article was about but I left it out to focus on the meat of the content:

>According to the latest report from the American Society of Civil Engineers (ASCE), the average age of dams in the U.S. is 50 years and of levees, 57. The average age of water pipes and sewage conduits is 45 years. In addition, a survey by the U.S. Army Corps of Engineers found that locks on inland waterways have an average age of 67 years. The aging U.S. infrastructure is in urgent need of repair and renovation.

>The ASCE and the American Road & Transportation Builders Association provided a detailed assessment of the infrastructure gaps facing the U.S. in their annual reports. In 2020, the ASCE evaluated 17 categories of the U.S. infrastructure. Eleven of them received a D.

>Poor infrastructure conditions are bound to have negative impacts on society and the economy. If the U.S. maintains inadequate infrastructure investment, by 2039 the crumbling infrastructure will lead to potential GDP losses of as much as $10 trillion and the loss of more than 3 million jobs, according to ASCE’s evaluation report.
>ASCE estimated that the gap between the amount of infrastructure funding needed and allocated in the U.S. during 2020 to 2029 reaches nearly $2.6 trillion.

>President Joe Biden’s $2.3 trillion American Jobs Plan unveiled March 31 is aimed squarely at the U.S. domestic infrastructure. After endless bipartisan negotiations, the amount was slashed, largely because Republicans did not endorse the so-called “human infrastructure” — including child care subsidies, paid leave and home nursing — that Democrats wanted.

>With such a huge funding gap at home, it is questionable whether the U.S. government can mobilize enough capital to pay for the two overseas investment initiatives.

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