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ID:
140841
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| Summary/Abstract |
Central Asia is a region where both China and Japan would like to pursue greater roles and interests. Largely initiated by China, the Shanghai Cooperation Organisation has enhanced China’s influence in Central Asia. This has caused concern for Japan, which then sought to expand its presence in the region. Through meetings and dialogues with Central Asian leaders, and by providing aid and loans to states in the region, leaders of China and Japan have been trying to obtain contracts for extracting oil, natural gas, rare metals, uranium and other minerals from Central Asian states, and secure peace in Afghanistan.
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| 2 |
ID:
180544
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| Summary/Abstract |
This paper shows that the Association of Southeast Asian Nations (ASEAN) benefits significantly from investments in transport infrastructure such as road, railway and port, but not as much from investments in non-transport infrastructure such as real estate. However, using data collected from several sources, including secondary data on the number of infrastructure projects already invested and earmarked to be invested as well as China's direct foreign investment to Southeast Asia, this analysis shows that non-transport infrastructure constitutes a substantially higher proportion of the total infrastructure investments in Southeast Asia than transport infrastructure since the launch of the Belt and Road Initiative (BRI). This points to a suboptimization polemic emanating from the mismatch between the inflows of the different types of infrastructure investments and ASEAN's need for these inputs for sustainable economic growth. Domestic disharmony, regional rivalry and political conflicts between China and ASEAN as well as other obstacles such as the debt-trap worries reduce the total investment flows to Southeast Asia, exacerbating the suboptimization problem.
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