Practical global economic engagement is in America’s interest, writes Anthony Kim. RestoringAmerica
President Joe Biden highlighted his commitment to the global infrastructure program by volunteering America to pay for a third of the $600 billion.
The program aims to provide public and private financing for infrastructure projects in developing countries over the next five years but risks being as unrelated to infrastructure as Biden’sWhile capitalizing on opportunities to further deepen practical trade and investment relations in many strategically critical regions of the world is indeed in the mutual interests of the United States, the other G-7 nations, and the many developing countries they would work with, the Partnership for Global...
Rather than targeting policy areas highly correlated with improved economic freedom and prosperity, the global infrastructure initiative intends to fund projects in areas such as gender equality, “equity,” and climate change, among other left-leaning fronts. The program has been billed particularly as the G-7’s plan to offer an alternative to Communist China’s 9-year-old Belt and Road Initiative. However, the potential for the Partnership for Global Infrastructure and Investment to pursue fruitless investments with its left-wing agenda overshadows its potential for creating a potent geopolitical advantage for the West and a more developed world overall.
Russia’s and China’s strategic goals are near identical. They both want Western nations weak and divided. Western investments aimed at countering China’s infrastructure development and technology inroads in developing nations would address China’s attempts to supplant the U.S. and the current rules-based order around the world. But using U.S.
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