China’s Belt and Road Initiative has become almost synonymous with debt trap diplomacy. It’s a half-baked idea that created grounds for unfounded speculation.
Many in South Asia view major foreign powers (like China) and changes in status quo (like new economic relationships) with caution.
A history of colonialism and non-alignment are shared experiences across the region. These experiences contribute to a principled worldview, which does not readily accept terms defined by realpolitik, and prefers to redefine issues based on precedent.
However, smaller countries in the region – like Bangladesh – have shown greater willingness to adapt to new trade and investment flows. India, meanwhile, has become more cautious.
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