BEIJING — The much-talked-about “Belt and Road Initiative” has been gaining attention ever since it was first proposed by President Xi Jinping of China in 2013. So has the recent birth of the Asian Infrastructure Investment Bank and the Silk Road Fund. B&R has been offered as an innovative mode of cooperation in global governance against the backdrop of a worsening economic situation and simmering geopolitical problems worldwide. That follows eight years of slow recovery since the financial crisis of 2008, which witnessed the failure of “neo-liberalism” and its infamous economic reform recipe “Washington Consensus.” Can B&R really offer a …read more
Source: The Huffington Post
