How Rivalry Between China and the United States Will Drive Global Development
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Massive infrastructure projects like the building of ports, roads and railways are becoming more and more commonplace in the developing world. According to my guest today, the reason we are seeing more of these projects is a burgeoning global rivalry between China and the United States.
Seth Schindler is a senior lecturer in urban development and transformation at the Global Development Institute at the University of Manchester. He studies large scale infrastructure projects and as he explains were are on the cusp of an infrastructure "arms race" between the US and China for connecting the developing world. He predicts that geopolitical rivalry between China and the United States will be the key factor driving the development of these massive projects.
In our conversation we talk through the implications of this trend, which has accelerated since China launched a massive global infrastructure-building strategy known as the Belt and Road Initiative. It was in response to this Chinese strategy that the US Congress passed a law known as the US BUILD ACT, which established a new International Development Finance Corporation (IDFC)\\xa0
We kick off this conversation talking about both the Belt and Road Initiative and the new US International Development Finance Corporation, before having a broader discussion about the ways this rivalry will manifest itself around the world and its impact on global development.\\xa0
This episode is part of a content partnership between the podcast and the Global Development Institute at the University of Manchester. Experts from the Global Development Institute discuss their research and also the pressing news of the day as it relates to global inequalities and development.
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