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Opinion: One Belt, One Road: China’s 21st Century Marshall Plan?

By David Vines

China’s Belt and Road initiative offers a huge opportunity. It is true that there are risks. But it is clear what we should do. We should welcome the initiative with open arms and engage with it.

We have been here before. In 1945, the world was emerging from war and the crisis of the Great Depression. Many foresaw a return to closed economies and to authoritarianism, but the best looked back to the pre-World War I era of globalization. Leaders in the United States and Britain reached out to create a liberal international order.

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