CHINA’S BELT AND ROAD INITIATIVE AND ITS IMPLICATIONS TO INDO-PACIFIC GEOPOLITICS: THE CASE OF THREE ASEAN COUNTRIES-LAOS, MYANMAR AND CAMBODIA

Date

2022-08-01

Author

Nurdun, Rahman

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To save its fragile economy, in 1978, Chinese leadershipunder Deng Xiaoping launched the historic process of reformand opening-up to the outside world, and its achievementsgradually became visible in world politics. During thereform process, China took some bold steps to build up itseconomy by easing state control of the market. However,due to its rigid economic structure; it could not attract desperatelyneeded foreign investment and access more tradingpartners. Therefore, the Chinese leadership realized that theonly way out of this bottleneck was to integrate with worldeconomy by joining the World Trade Organization (WTO).After many twists and turns, China secured crucial from theUnited States and eventually became a full member of theWTO in 2001. This was a milestone for China’s economy asit gave further impetus to economic reform and opening-up.Over the past 20 years since its accession to the WTO, th Chinese economy has surpassed Japan, becoming the secondlargest economy in the world. In 2013, China announcedits Belt and Road Initiative (BRI) with the aim to further expandits economic leverage worldwide. This study first intendsto provide a background information on the BRI, andthen examines its major components together with its motivations.Finally, by presenting an impact analysis of someASEAN countries, namely Laos, Myanmar and Cambodia inparticular, it will try to identify the implications brought byBRI to Indo-Pacific Geopolitics in general.

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https://hdl.handle.net/11511/114746

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Graduate School of Social Sciences, Book / Book chapter