Since the start of this century, the world has seen a shift in power balance, courtesy China’s emerging economic might, which challenged a US-dominant unipolar world that had been in existence since 1991 when the Soviet Union was dissolved, officially ending the Cold War. Click Below to enlarge to OBOR Map
Expanding China | OBOR
Why OBOR got popular?
OBOR | Debt trap
An analysis of the Asian economies, mostly emerging, under OBOR’s influence (where data from IMF was available), shows the average reserves to external debt as on 2015 stands at 53.3 per cent. These debts levels are bound to increase as they get more intertwined with OBOR plans.
Impact of OBOR
Conclusion | OBOR
The OBOR initiative may act like a slow poison killing the domestic production capabilities of not only the emerging economies in Asia, but also those crisscrossing continents in Central Asia and Europe, making them heavily depended upon Chinese imports. Trade deficits are also about the jobs that we lose to overseas competitors. All these would have major political a
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