Over the last decade, China has been working to reshape the norms, architecture, and practice of development assistance. It has emerged as an alternative source of infrastructure financing for many countries of the global South, and has become an institutional player through its Asian Infrastructure Investment Bank (AIIB) and New Development Bank (NDB). Nearly all these advances are entwined with the Belt and Road Initiative (BRI), a vast infrastructure-building, trade, and investment effort. Even as the wider international-development community has moved toward treating certain principles of democratic governance as integral to development, China’s government has been using the BRI to push the notion that economic growth without political liberalization or accountability is not only possible, but advantageous. As the BRI increasingly shapes the world’s conversation on foreign assistance, a collision between mainstream development and China’s authoritarian system seems inevitable.
China in Xi’s “New Era”: Redefining Development
Issue Date April 2018
Page Numbers 52-58