The Return of Big Infrastructure as a Geopolitical Tool
Oct 31, 2018 | 09:00 GMT
- Infrastructure is a high priority in developing countries, but its expense presents major problems for countries trying to secure financing.
- China's focus on building infrastructure in some of the world's most strategic places not only represents a geopolitical threat to the West but also challenges the long-standing Western approach to development.
- The new U.S. International Development Finance Corp. offers an alternative to countries that are desperate for infrastructure but don't like the risk and sovereignty implications of some of China's financial terms.