The Rise of Developing Nations from the Chinese Net Decline

As cranes dotted skylines across Nairobi, Colombo, and Karachi in 2013, China’s vast Belt and Road Initiative (BRI) had sprung into full velocity. Pouring over $1 trillion into developing countries symbolized their promise to rewrite the global economic map. However, today, those exact cranes remain inactive. The dozens of lower-middle-income nations that had once received […]