Prospect Journal No.14

  • 發布日期:2018-05-03

AIIB, OBOR and Taiwan’s AIIB Bid

Linjun Wu
Research Fellow, Institute of International Relations,
Professor, International Doctoral Program in Asia-Pacific Studies,
National Chengchi University


       China’s launch of the Asian Infrastructure Investment Bank (AIIB) to support its “One Belt, One Road” (OBOR) economic strategy has both been received with great enthusiasm and has sparked debate in East Asia and beyond. This paper begins with a circumstantial analysis of the relationship between the AIIB and OBOR. Then, it explores the implications of Taiwan’s prospective membership and the external and internal challenges to its bid to join the AIIB. The paper finds a number of challenges and benefits of a prospective Taiwan membership in the institution. It concludes that Taiwan’s participation in the China-led organization would not only encounter domestic divergence but also invite a power struggle between China and the U.S., thereby likely pulling Taipei into a great power confrontation. Nevertheless, membership would be beneficial for Taiwan’s regional standing. So, the existing roadblocks, including the name issue, will have to be dealt with.

Keywords: AIIB, OBOR, Taiwan, China, U.S., Rule Setting

Beijing’s “One Belt and One Road” Strategy: Visions, Practices and Impacts

Hsin-chih Chen
Professor and Chair, Department of Political Science,
National Cheng Kung University


       China’s “One Belt and One Road” (OBOR) initiative is an economic offensive which marks Beijing’s departure from a low-profile legacy onto the world stage to realize Xi Jinping’s Grand Strategy for realizing China’s rejuvenation. Strategic tension between the PRC and the USA alliance has been accelerating since 2011, while the United States has persistently carried out a rebalancing strategy to restore her leadership in the Asia-Pacific region. Nevertheless, China’s aim to create another center of global leadership with the OBOR initiative has intensified the great power competition to a new scale, covering geographic, economic and financial sectors.

       While China tries to construct some sort of Beijing-centric economic interdependence zone apart from the global chain of production relying largely on USA leadership, China’s OBOR project has polarized the world rather than forged a stabilized society for the anticipated new world order. However, while the OBOR is in one way a solution to reverse China’s economic slowdown; nevertheless, it will also create a deep hole which will exhaust China’s economic dynamism, and exert a great impact on global economic stability.

Keywords: One Belt and One Road, Rebalancing, AIIB, BRICS, China’s Foreign Policy

The Strategy and Co-opetition of Beijing’s New Eurasian Landbridge

Chun-kuang Wu
Associate Professor, Director of MS Program in Technology Management,
Fu Jen Catholic University


      Chinese President Xi Jinping proposed a strategy of an economic belt of the Silk Road in 2013. This has already caused the external world to pay close attention. Beijing is looking to the New Eurasian landbridge of transportation routes from the Pacific Ocean to the Baltic Sea to become the network of communications and transportation connecting East Asia,West Asia, and South Asia to Europe.Meanwhile, the European Union has established the Intergovernmental Commission (IGC) TRACECA in 1998. Since the European Union, China, South Caucasus countries, and Central Asian states have the same strategic goal for construction of the New Eurasian landbridge, this paper expects the New Eurasian landbridge, which is not controlled by Russia, will be set up gradually in the future. Nevertheless, even if China and the European Union set up the New Eurasian landbridge, they will be unable to control the New Eurasian landbridge.

Keywords: “One Belt, One Road”, Geo-strategy, New Eurasian Landbridge, Geostrategic Realm, Geopolitical Region

The Implications of the Maritime Silk Road Initiative for China’s Geostrategic Advance to South and Southeast Asia

Fu-kuo Liu
Research Fellow, Institute of International Relations,
National Chengchi University


        The Belt and Road Initiative carries broad implications for China’s further development and the development of her partners. Along the proposed routes, China is pushing to build a number of financing platforms and logistical hubs to support the construction of infrastructure. In addition, China takes advantage of existing regional cooperative mechanisms and many bilateral mechanisms to form a new sustainable mechanism. What is more salient to international politics are China’s new efforts to change its geostrategic posture and steadily gain real control of the international system. A new model of nonwestern oriented international cooperative mechanisms will shape a new paradigm through cooperation with emerging economies.

        This paper explores the strategic nature of the Maritime Silk Road Initiative based on China’s progressing geo-strategic perspective. It also attempts to examine to what extent the strategy might be able to help improve China’s image in the region and how the strategic development of the Kra Canal might affect the strategic landscape in East Asia.

Keywords: Maritime Silk Road, Geostrategic Competition, March West, South China Sea, Kra Canal

China’s Grand Strategy toward Latin America: Beyond the Cross-Oceans Railroad

Antonio C. Hsiang
Professor, Department of International Trade,
Director of the Center for Latin American Economy and Trade Studies,
Chihlee University of Technology


       As no country has infinite resources, grand strategy is effectively an exercise in prioritizing interests and attempting to advance those interests in efficient and effective ways. One of the key elements of grand strategy is “selective engagement”. When the 21st century began, Beijing became Washington’s new target of “selective engagement” because China not only has emerged as a new Eurasian hegemon, but also has stepped into America’s backyard.

        China is still miles away from matching America’s international political reach. Nevertheless, Latin America has provided a significant opportunity for China to achieve its goals in its grand strategy. This article investigates how China aggressively has been asserting its economic clout to win diplomatic allies, ensure food and energy security, and accelerate financial internationalization. U.S.-China competition in Latin America is much more acute than the official declarations. This is the result of conflict of interests between Chinese and U.S. grand strategies toward Latin America.

Keywords: Grand Strategy, China, Latin America, Cross-Oceans Railroad, Nicaragua Canal


  • 更新日期:2018-11-01