In contrast to the widespread scepticism at the beginning (see Newsletter December 2021), Harry Seavey, in his article published by Panda Paw Dragon Claw, argues that there is a chance that Europe’s own infrastructure initiative can become a serious competitor or addition to Belt&Road. For this to happen, however, a similarly attractive narrative would have to be framed to counter “resentments over Europe’s colonial legacy and history of grand plans that have proven to be ‚wishful thinking’“.
The label for the multilateral copy of China’s New Silk Roads recently announced at the G7 summit by U.S. President Biden is gruesome: Build Back Better World, or B3W. As a “values-driven, high-standard, and transparent infrastructure partnership” it is to compete with China’s infrastructure activities. So far, however, B3W is merely an anaemic PR product.