The major developments in Eurasia in cooperation with its neighboring countries known as the New Silk Road may have given way the limelight to the regressive events in the West for the time being, but it has never abandoned the plan.
It’s good to be reminded once again about where we are now and to where we are all going.
This current path that major parts of the world especially Asia are now navigating is one of economic and technological cooperation anchored on mutual respect and shared optimism for humanity’s future.
The blueprint for the massive infrastructure development has been in the works for sometime and its implementation is long overdue. The majority are becoming more impatient, hence the accelerated administrative ceremonies are to be concluded soon.
China’s ‘one belt, one road’ initiative is no Marshall plan — it’s far more ambitious.
Chinese President Xi Jinping just announced that China will establish a Silk Road fund with $40 billion to support infrastructure investments in countries involved in the “one belt, one road” plan. This new proposal is in addition to the Asian Infrastructure Investment Bank (AIIB) proposal that 21 countries have already joined. A critical element of such plans is to “break the connectivity bottleneck” in Asia and beyond, which has seriously hindered development in many developing countries. Presumably a large amount of funding will go to building roads, railways, and ports in these countries. Thus, many analysts (see for example here, here, and here) have labeled China’s new initiatives as a Chinese version of the Marshall Plan, indicating that China would use such initiatives to seek influence and even dominance in Asia.