What Is One Belt One Road? A Surplus Recycling Mechanism Approach

Usman W. Chohan

61 citations0/0 files storedBrill | Nijhoff eBooks

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Belt and Road Initiative International Development and Aid Global Political and Economic Relations

Abstract

This paper analyzes the One Belt One Road (OBOR) Initiative in terms of its scope and possibilities, and contextualizes OBOR in terms of the Surplus Recycling Mechanism Hypothesis (Varoufakis 2011), arguing that OBOR plays a role in generating economic efficiency through recycling surpluses of (1) industrial output, (2) labour, and (3) financial capital, towards broader national and international goals in the partnership between countries such as China and Pakistan.

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References

2016Westward ho-the China dream and ‘one belt, one road’: Chinese foreign policy under Xi Jinping 2011The Global Minotaur 2009Allas, Tera, (born 1968), Visiting Fellow, McKinsey Global Institute, since 2015

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