E&M

2019/4

Papolo Magri Alberto Belladonna

On the Global Chessboard, the Game is On

For over a decade now, the hub of global production has shifted to the East. The macro-region of India, China, and Southeast Asia now generates 34 percent of global GDP and participates in over 20 percent of global trade, most of which takes place through maritime connections. This growth is also favored by the attention to infrastructure: Asia is in fact the region that invests the most in infrastructure, with average spending per country of more than 4 percent of GDP, almost double that of Europe and four times the figure in the United States. China is undoubtedly at the center of this dynamic, with the strategy launched timidly at the end of the 1990s with the so-called "go out policy" gradually, that has taken shape over time, from 2013 in particular, with the launch of the Belt & Road Initiative (BRI).

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