The BRI and Recovering from COVID-19 Economically 1. Lessons to be learned from the 2008 financial crisis. 2. A Matter of economic principle. 3. China’s version of the American System of Political Economy. Hussein Askary Belt and Road Institute in Sweden Webinar Stockholm June 11, 2020
1. The 2008 Global Financial Crisis
Liquidity injection since 2008 Federal Export-Import Bank Reserve Construction Bank of Bank England Development ECB Bank 22 trillion $ 18 trillion $ Bank of National Agricultural Bank Japan
ail ay ma of Peo le s e lic of China ohe Colore lines sho in C an other an i or ao a hi h s ee rail services ia e a i y an eihe it lihe ast ate e an ailar a eshi ian in eian an ho li ancha on fan hon i ihar iam si ar i a in S ih a Ar an in o eit n ar in lanhot Ala Shan o S ifenhe a an an ian in he aichen Sh lan Chan ch n olin ol ai in ch an nch n ilin yt n hor os ilinhot an i r m i Si in on liao eihe o Erenhot r an in Chifen Chaoyan sh n Shenyan i an orla Pan in ami in ho A shi Chen e ayan o enhon ash ar Ce e Chan ian ohhot i o han ia o in o l ao inhe airo an on lan a E in nh an inh an ao aoto aton ei in an shan alian Sh o ho ian in hai ao in ilantai a in Shenm iay an lin Can ho eihai otan Shi ia h an antai inch an aiy an e ho ei han ye on chen on yin en sh i inan antan hon ei an an ines ca a le for lian i o eifan Chan hi an an in ao hon ch an iaochen s ee a ove m h aian infen Pin lian inyi in ian inin iao o i hao e ly ilt lines olm e e f aifen ca a le for m h an ho oyan iany n an inyi ra e lines an other hen ho Shan i ho iansh i ashan ao i i an anchen lines ith C service Pin in shan ohe ai an en an hon aian Conventional lines ith anyan yan an in an y an no C service Shiyan efei anton Chan ho An an inyan Shan hai ian yo on lin h S ho ian yan achen a ho a ian yan han anchen an ho anchon an ho ichan An in in o Chen Enshi an shi an shan Shimen iannin S inin i ian inh a ho P ian an an ai ho ich an in e hen hasa Emeishan Chan sha Chan e han ia ie ei ian Shan rao Shi atse anchan Chon in ian ian en ho o i in tan i in on ren h ho ichan nyi an in i ie aih a en yan i an aiyan Shaoyan in ho i ansh i i ian Pan hih a on ho on tai an ho on ch an iyan P tian ilin on yan iamen in ali Shao an ei ho echi han ho nmin on ch an e ho i ho Chao ho ao i an ho aiy an ho Shanto i an aise i ho hao in annin Shen hen hon shan e o in ho lin on on ian ian h hai an ian Pin ian aomin an chen an han ian eihai en an ho ai o on fan annin Sanya
2. A Matter of Economic Principle.
“So e m st consi er innovation as the rimary rivin force of growth and the core in this whole undertaking, and human resources as the primary source to support development . We should promote innovation in theory, systems, science and technology, and culture, and make innovation the dominant theme in the work of the Party, and government, and every ay activity of society.” President Xi Jinping “A ee er n erstan in of the e evelo ment Conce ts,” January 18, 2016 Speech at study session of the implementation of the Fifth Plenary Session of the 18 th CPC Central Committee
. China’s version of the American System of Political Economy.
Alexander Hamilton (1755- 1804) ”Promote the eneral elfare” of the people!
Franklin D. Roosevelt (1882-1945) The New Deal Tennesee Valley Authority – TVA – 1933
Bretton Woods Conference July 1944
Sun Yat-Sen ” he International evelo ment of China”, 1 1 “In this International evelo ment Scheme, I venture to present a practical solution for the three great world questions which are the International War, the Commercial ar an the Class ar.”
New Bretton Woods?
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