Title: | Chinese debt trap diplomacy: reality or myth? |
Authors: | Himmer, Michal Rod, Zdeněk |
Citation: | HIMMER, M. ROD, Z. Chinese debt trap diplomacy: reality or myth?. Journal of the Indian Ocean Region, 2022, roč. 18, č. 3, s. 250-272. ISSN: 1948-0881 |
Issue Date: | 2022 |
Publisher: | Routledge |
Document type: | článek article |
URI: | 2-s2.0-85152952607 http://hdl.handle.net/11025/54642 |
ISSN: | 1948-0881 |
Keywords in different language: | China;debt-trap diplomacy;belt and road initiative;foreign policy tools |
Abstract in different language: | Debt-trap diplomacy (DTD) is seen as a relatively new Chinese policy tool connected to BRI. DTD builds on the approach that China intentionally excessively lends money to low-income indebted states that cannot later repay Chinese debt. The borrowing state thus relinquishes some of its strategic assets to decrease its debt burden towards China (debt-for-equity swap). DTD debate has been encompassed by particular criticism questioning the existence of such a strategy as DTD. Scholars questioning DTD existence suggest DTD is far more complicated than it is usually portrayed, meaning DTD should not be automatically taken as a predatory technique China strategically pursues. This study seeks to elucidate whether China uses DTD as an elaborated strategic tool or if it is a solely constructed narrative that does not have any empirical substantiation. Six countries – Sri Lanka, Maldives, Malaysia, Laos, Kenya, and Djibouti – were analysed. |
Rights: | © The Author(s) |
Appears in Collections: | Články / Articles (KAP) OBD |
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rod_himmer.pdf | 2,2 MB | Adobe PDF | View/Open |
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http://hdl.handle.net/11025/54642
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