Re:Soviet Collapse Echoes in China’s Belt and Road
by JumpCrisscross on Tuesday August 14, 2018 @07:12AM
(#17756858)
> an in-depth analysis of the project really looking at the consequences with an eye on the long-term effects
You won't find them because these aren't projects being developed (a) with private capital nor (b) for their economic merits. When a bridge is built in America, someone issues a bond. That issuance--both leading up to it and once in the wild--produces an incentive to do good analysis.
That incentive isn't there with Belt and Road. State-owned banks provide the capital. And the reasoning for the development is strategic, so you get geopolitical and military talking heads instead of good economists, whose services are ironically better allocated to analyzing other projects.
You won't find them because these aren't projects being developed (a) with private capital nor (b) for their economic merits. When a bridge is built in America, someone issues a bond. That issuance--both leading up to it and once in the wild--produces an incentive to do good analysis.
That incentive isn't there with Belt and Road. State-owned banks provide the capital. And the reasoning for the development is strategic, so you get geopolitical and military talking heads instead of good economists, whose services are ironically better allocated to analyzing other projects.