This is what a common man wants be it india , Nepal , Bhutan , Myanmar , Thailand , Singapore , Vietnam , China or Cambodia people want a better connectivity better job opportunities and a better future and that’s possible only when there is free trade between these countries just like European Union
Indian Economics thread.
- Thread starter styx
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Healthcare, lol.
Yes a huge number of indians and people from many other nationalities come to Singapore for healthcare because healthcare in Singapore is best in the world
That's correct, Singapore is one of biggest destination for medical tourism. Thanks to the quality of their healthcare, and their government promoting it to tourist. Perhaps the other countries can follow a similar strategy to promote their tourism and economic growth.
Yes, but he said Bangkok.
Anyway, I hope this road gets built, maybe it will encourage India to join ASEAN.
I hope they have high quality standards, green implementation, benefit the local communities during and after construction, transfer technology, finance it without trapping countries with debt, and generally reach the ESG standards that the world expects China to adhere too.
Of course, labour standards should be compatible with the ILO, goes without saying nowadays.
The only thing that concerns me a little is that China can also make roads, and their roads are all of the things I mentioned, and the proportion of unmanned construction is getting quite high, this is technology that China will happily share with ASEAN. In fact, China spends ONE BILLION DOLLARS A DAY on new roads.
So the question is, why would ASEAN want India to build roads, when they can do it themselves for less money and higher quality?
Probably because India is funding or partially funding the roads for them like China is doing with BRI, but given enough funding and having the tools in their disposal, they would do it themselves.
No, your information is out of date, China uses Public Private Partnerships now, this means that the future income from the roads is leveraged to obtain commercial finance for construction.
Take a look..
PPP financing is better than a government to government loan, comes without strings and would be preferred by all countries. So, if it’s no longer a question of money, what is it a question of? It’s prowess, and China is the partner of choice for all.
Myanmar lacks the fund rest of the other countries have more than enough
Interesting, Thanks for sharing! The road contract mentioned in the previous post being built by India was settled back in 2017 I think, so this would explain why they didn't seek China for contract before since the change in strategy is only recent.
The other roadblocks that may prevent countries from settling a deal with China could be lack of resources, feasibility and geopolitical factors. US is also demonizing PPP as China debt trapping them as well, but I don't think it matters much when the deal is between governments not general public who's targeted by propaganda. Hopefully more countries will seek out infrastructure deals to build up their economy and promote more trade connectivity.
In latest news, Japan's GDP contracted 1% in Q1
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