By Himanshu Ojha July 2, 2021
In the 47th G7 summit in Cornwall (U.K), US president Joe Biden put forward a global infrastructure initiative, Build Back Better World (B3W), a plan similar on the lines of the Chinese infra development plan – Belt and Road Initiative (BRI), but also as a counter to the same.
The G7 consists of Canada, France, Germany, Italy, Japan, UK, and USA. India, Australia, South Korea, and South Africa were invited as guest countries for the summit this year. The Voices explains the BRI vs B3W buzz kicked off by the communique signed by above mentioned countries.
- The Belt and Road Initiative of China
2. Evolution of B3W
3. B3W: A bet on the low and middle-income countries (LIC’s, MIC’s)
4. The plan of action
5. Need for the initiative
6. B3W vs BRI
7. The BRI edge explained
8. Strategic Financing (BRI vs B3W)
9. BRI has been creatively financed by China for strategic gains.
10. China’s Position on B3W
11. India will study B3W: MEA, GOI
Story edited by NK Jha
READ FULL ARTICLE : Explained: Build Back Better World (B3W): G7 Infrastructure Initiative; Counter strategy or continuum? – The Voices (medialit.in)
