What Is One Belt One Road? A Surplus Recycling Mechanism Approach
7 Pages Posted: 7 Jul 2017
Date Written: June 13, 2017
This paper analyzes the One Belt One Road (OBOR) Initiative in terms of its scope and possibilities, and contextualizes OBOR in terms of the Surplus Recycling Mechanism Hypothesis (Varoufakis 2011), arguing that OBOR plays a role in generating economic efficiency through recycling surpluses of (1) industrial output, (2) labour, and (3) financial capital, towards broader national and international goals in the partnership between countries such as China and Pakistan.
Keywords: One Belt One Road, China Pakistan Economic Corridor, Varoufakis, Surplus Recycling Mechanism, Development, Pakistan, China
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