The BRI and Recovering from COVID-19 Economically 1. Lessons to be - - PowerPoint PPT Presentation

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The BRI and Recovering from COVID-19 Economically 1. Lessons to be - - PowerPoint PPT Presentation

Mar 08, 2023 96 likes •405 views

The BRI and Recovering from COVID-19 Economically 1. Lessons to be learned from the 2008 financial crisis. 2. A Matter of economic principle. 3. Chinas version of the American System of Political Economy. Hussein Askary Belt and Road

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The BRI and Recovering from COVID-19 Economically

  • 1. Lessons to be learned from the 2008 financial crisis.
  • 2. A Matter of economic principle.
  • 3. China’s version of the American System of Political Economy.

Hussein Askary Belt and Road Institute in Sweden Webinar Stockholm June 11, 2020

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  • 1. The 2008 Global Financial Crisis
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Liquidity injection since 2008

22 trillion $ 18 trillion $

Federal Reserve Bank of England ECB Bank of Japan

Export-Import Bank Construction Bank Development Bank National Agricultural Bank

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SLIDE 10 han ho i ho ei in ian in Can ho e ho inan aian f en Chan ho S ho Shan hai Chan ch n Si in alian l ao inh an ao an shan en sh i iaochen e e yan achen efei i ian Shi ia h an an an in ian inyan Chan sha h ho en yan an ho Shen hen
  • n on
i an
  • n ch an
an ho in o ai ho en ho ho P tian iamen in tan Shan rao inh a in e hen
  • n lin
h Shanto ei ho an in iany n an ai o annin Sanya
  • n fan
an ho en han ian h hai ian ian lin eihai annin Pin ian ilin e ho
  • n ho
aih a Shimen ichan an ho echi i ansh i in nmin aiy an e o ao i ali i ian Pan hih a ichan i in Emeishan ian yan a ho An an Shiyan i an ashan anyan
  • yan
Pin in shan Chan hi lian aiy an aton han ia o lin an an infen ao i Pin lian hon ei inch an Shenm enhon Erenhot
  • hhot
ayan o aoto hai inhe ilantai antan ei inin an ho iansh i iay an Ce e E in ami r an r m i eit n yt n Ala Shan o
  • rla
A shi ash ar
  • lm
hasa anton inyi i hao in ao eihai antai i o eifan Chifen airo Chen e
  • n liao
an on Chan ian i an eihe o ilin an ian S ifenhe ian in iam si ancha e an eian eihe ia e a i
  • he
an i
  • r ao a
it lihe a eshi an ho li ar i i ihar a in a an aichen lanhot Ar an ai in ch an

ines ca a le for s ee a ove m h e ly ilt lines ca a le for m h ra e lines an other lines ith C service Conventional lines ith no C service

Sh lan an i in o

ail ay ma of Peo le s e lic of China

Colore lines sho in C an other hi h s ee rail services ast ate

ich an Chao ho in ho an chen an
  • tan
ho i ho i an iannin han ye hao in S inin
  • n yin
  • n chen
anchen ai an a Shi atse Enshi
  • n ren
Sh o ho in Shenyan Shao an
  • i
ian yo aifen sh n iao o nch n hon ch an
  • n yan
An in ao in aise anchon an an an y an Shaoyan hor os in he Pan in aian an in
  • lin ol
ilinhot ailar y an in o
  • n fan hon
i o nh an an hon ho iyan
  • n ch an
in ho Chaoyan Chon in nyi aomin hon shan an ian ei ian i ie Shan i anchan an ho ian ian han ia ie Chan e lan a aiyan in Chen P ian a in inyi ho ar in S ih a an shan anchen an shi han
  • n tai
ian yan
  • he
hen ho
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  • 2. A Matter of Economic Principle.
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“So e m st consi er innovation as the rimary rivin force

  • f growth and the core in this whole undertaking, and human

resources as the primary source to support development. We should promote innovation in theory, systems, science and technology, and culture, and make innovation the dominant theme in the work of the Party, and government, and every ay activity of society.”

President Xi Jinping “A ee er n erstan in of the e evelo ment Conce ts,” January 18, 2016 Speech at study session of the implementation of the Fifth Plenary Session of the 18th CPC Central Committee

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. China’s version of the American System

  • f Political Economy.
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Alexander Hamilton

(1755- 1804) ”Promote the eneral elfare”

  • f the people!
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Franklin D. Roosevelt

(1882-1945) The New Deal

Tennesee Valley Authority – TVA – 1933

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Bretton Woods Conference July 1944

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Sun Yat-Sen

” he International evelo ment of China”, 1 1 “In this International evelo ment Scheme, I venture to present a practical solution for the three great world questions which are the International War, the Commercial ar an the Class ar.”

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New Bretton Woods?