Belt and Road Initiative : Progress and Challenges in Malaysia, Indonesia and Vietnam / Siwage Dharma Negara, Tham Siew Yean, Le Hong Hiep.
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Organised by ISEAS-Yusof Ishak Institute on 22 June 2018.
Title
Belt and Road Initiative : Progress and Challenges in Malaysia, Indonesia and Vietnam / Siwage Dharma Negara, Tham Siew Yean, Le Hong Hiep.
Artist
Negara, Siwage Dharma.
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Type
Sound Recording
Abstract
The "Belt and Road Initiative" (formerly known as One Belt, One Road or OBOR) is China's ambitious proposal to link the overland "Silk Road Economic Belt" and the sea-based "Maritime Silk Road". It was first introduced by Chinese President Xi Jinping in October 2013 not long after he came to power. Essentially, it is an infrastructure development initiative involving more than 60 countries across Asia, the Middle East and Europe. Later, Oceania and East Africa are also included as parts of the Maritime Silk Road. The cumulative investment of the entire initiative is estimated to be around US$1 trillion. For many countries, China's BRI holds the promise of investments in badly needed infrastructure projects, such as railways, ports, energy, and other projects. In some countries, some of these projects have already finalized their negotiations and they are being implemented while some projects are still pending. But there are many concerns regarding the BRI projects, ranging from a lack of local participation, lack of economic viability and increased risk of debt hangovers. This seminar discusses the implementation challenges and prospects of BRI projects in Indonesia, Malaysia and Vietnam. It discusses the potential economic impact of BRI projects in the host countries and analyses the various responses to BRI from a multi-stakeholder perspective (state, business, media and society).