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- W4311476486 abstract "Concerning infrastructure, which is apparently a core theme of the Group of Twenty (G20) development agenda, Gregory T. Chin and Zhu Jiejin arrive at rather sobering conclusions regarding the substantiality of the G20’s outcomes. While the G20 succeeded in setting up a few useful knowledge-exchange platforms, these did not prove to be game-changing catalysts for new infrastructure investment in the developing world. The World Bank and regional development banks have also engaged with the G20 in several policy processes; however, it is hard to identify what the G20 actually changed when it comes to the former’s project portfolio. From the beginning of the G20 summitry, emerging economies advocated for prominent placement on the G20 agenda of (publicly funded) infrastructure investment; however, the Group of Seven (G7) countries were lukewarm on this idea, both for ideological reasons and due to strategic considerations, in light of the potential future financial dependence of the rest of the world on surplus countries (such as China). G7 disinterest lingered, and this is part of the explanation for the set-up of alternative bodies, including the Belt and Road Initiative; the New Development Bank of Brazil, Russia, India, China, and South Africa; and the Chinese-initiated Asian Infrastructure Investment Bank, and the limited Chinese effort to push infrastructure during its 2016 G20 presidency. A renewed Australian and G7 interest in infrastructure investment, from 2014 onward, came too late." @default.
- W4311476486 created "2022-12-26" @default.
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- W4311476486 date "2022-12-14" @default.
- W4311476486 modified "2023-09-26" @default.
- W4311476486 title "Infrastructure at the G20" @default.
- W4311476486 doi "https://doi.org/10.4324/9781315608822-11" @default.
- W4311476486 hasPublicationYear "2022" @default.
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