Committee
Economic and Social Council
Country
Canada

Author

Anthony Pappas
United States

Cite as https://mymun.com/ppdb/18236

Economic and Social Council

The Consequences of China’s Belt and Road Initiative for the Global Economy

Canada

Anthony Pappas

 

Topic information

China’s belt is an initiative by the People’s Republic of China to create a myriad of trade routes, boosting its economy and increasing its global influence.  If completed as planned, the routes will include 71 countries.  This will massively boost the Chinese economy with the flood of trade it brings.  The projected cost would be the equivalent of around 1 trillion dollars; however, China will be the one that most benefits from it, from the loans they give out to help the poorer countries with their localized initiatives.  The concern with this is it could give China too much economic power in third world countries, with the opportunity to increase their influence in other areas.

National Policy

               Canada thinks that opening up and trading with China would be beneficial for Canada, and also politically would ease the pressure of US global economic dominance.  However, this could also increase China’s influence to a dangerous extent, especially over third world countries.  Canada has been looking for a way out of America’s dominance of trade for ...

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