Administrators chain Posted January 9, 2021 Administrators Report Share Posted January 9, 2021 China has been quietly building an empire across the globe that will soon dominate the world, and not many Americans or Europeans realize it. The United States and its European allies have a reputation for conquest and colonization, but they are not the only superpower nations who are playing the game of imperialism. These countries typically build their empires through war and occasionally through debt, although the debt strategy is mostly used by international organizations like the World Bank, IMF, and UN. However, while these western nations have been getting all of the attention on the global stage, China has been creating a massive empire through diplomacy and debt. Over the years, China has poured billions of dollars into overseas projects, helping to lift the economies of many nations across the globe, including South Africa, Sri Lanka, Malaysia, and many others. The loans gave these countries the economic boost that they needed to become more significant players on the global stage, however, these countries have all seen economic hardships when it came time to pay back the money, because the conditions of the loan are very strict. When China loans money to a country and they are unable to pay, which happens often, the country must then give up a large stake in its economic infrastructure, including ports and trade routes. This strategy of conquest is popularly known as “debt trap diplomacy” Read Morer Here Quote Link to comment Share on other sites More sharing options...
