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Narratives and Actions Regarding the Belt and Road Initiative in ASEAN Countries

Author

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  • Iulia Monica Oehler-Sincai

    (Department of World Economic Analysis, Institute for World Economy of the Romanian Academy)

Abstract

In contrast with countries such as the United States, Japan, India and Australia (the Indo-Pacific Quad), the ASEAN countries are in general in favour of a consolidated cooperation with China in the framework of the BRI. In spite of the territorial disputes with China in the South China Sea, they put first their own economic development and strategic interests, therefore China is a relevant partner for all of them. They have a pro-growth and pro-development agenda and with the exception of Singapore, all of them need additional resources to finance the implementation of their national development and modernisation plans. They follow their national interest and have the ability to negotiate with strong partners, even with China. They support the BRI as a multilateral initiative led by multiple actors, are members of the Asian Infrastructure Investment Bank and are currently negotiating, implementing or supporting projects under the BRI. Bearing in mind these arguments, the present paper has as main goal an overview of China’s relations with its ASEAN neighbours under the impact of the BRI.

Suggested Citation

  • Iulia Monica Oehler-Sincai, 2019. "Narratives and Actions Regarding the Belt and Road Initiative in ASEAN Countries," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 7(2), pages 48-55, December.
    • Handle: RePEc:ntu:ntugeo:vol7-iss2-19-048
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    References listed on IDEAS

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    1. Asian Development Bank Institute, 2017. "Meeting Asia's Infrastructure Needs," Working Papers id:11711, eSocialSciences.
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    More about this item

    Keywords

    Belt and Road Initiative; ASEAN; economic diversification; infrastructure development; negotiation;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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