GLOBAL INFRASTRUCTURE INITIATIVES «BELT AND ROAD» AND «PGII» AS THE NEWEST ASPECT OF THE POLITICAL RIVALRY BETWEEN THE PRC AND THE USA

Abstract

The development and implementation of infrastructure initiatives of the People's Republic of China («Belt and Road Initiative») and the United States of America («Blue Dot Network», «Build Back Better World» and the current «Partnership for Global Infrastructure and Investment») in the context of strategic development and the growing political confrontation between the two states were considered. A comprehensive understanding of the purpose and features of these initiatives is formed, as the basic infrastructure development projects are aimed at strengthening the geopolitical positions of the People's Republic of China and the United States and, in the distant future, their political and economic dominance. Key details supporting the thesis of growing competition and confrontation between these states are highlighted. The influence of the Belt and Road initiative on the formation of a competitive strategy by the United States regarding the growing influence of China and the expansion of understanding the modern dynamics and characteristics of Sino-American strategic competition are studied. It is proved that the US leadership is implementing its own infrastructure initiatives for equal competition with China and limiting the latter at the foreign policy and foreign economic level. Different types of sources and materials of a political and economic nature are used and analyzed. Each phenomenon that directly affects the development of infrastructure initiatives of the People's Republic of China and the United States, including its positive and negative sides, is identified, and the principles by which the Belt and Road and Partnership for Global Infrastructure and Investment" projects are functioning are compared, which allowed to objectively compare them, evaluate their effectiveness and find out the difference in implementation approaches.