A Critical Analysis of China’s Debt Trap Diplomacy
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Trough the means of Debt Trap Diplomacy, China is seen to be extending loans to economically weaker countries, intended to aid development, but due to the various conditions that come with it, it becomes difficult for the borrowing country to repay. The non repayment of such loans are seen to be utilized for diplomatic advancement. In one it leads towards economic growth and regional connectivity, on the other hand, it is seen to be utilised to gain influence and access to strategic resources. It raises questions about economic sovereignty and the ethics of international finance.
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