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Will B3W Challenge the Belt and Road Initiative?
Authors:Li Ling
Abstract:The Build Back Better World (B3W) initiative launched by the U.S. and its allies at the Group of Seven (G7) Summit in Cornwall, Britain, in June has grabbed recent headlines. According to the White House, B3W is a values-driven, high-standard, and transparent global infrastructure development plan zooming in on four areas: climate, health and health security, digital technology, and gender equity and equality. Its alleged objective is to help narrow the over $40-trillion need for infrastructure in the developing world.
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