Remaking global balance of power : the Marshall plan and the belt and road initiative

• Main Author: Sun, Yu-Lin
• Other Authors: -
• Format: Thesis-Master by Coursework
• Language: English
• Published: Nanyang Technological University 2020
• Subjects: Social sciences::Political science
• Online Access: https://hdl.handle.net/10356/137882
• Institution: Nanyang Technological University

This dissertation aims to assess the reason that caused the different extent of receptiveness from the recipient’s countries toward the geo-economic strategies. It will first discuss the concept of the Marshall Plan and the Belt and Road Initiative. It will also tackle the literature review on previous studies and the notion of Hegemonic Stability theory and Balance of Power. The paper will then establish the theoretical framework of the research scope and the limitation. Thirdly, the macro level of analysis, which focuses on regional and country perspectives will be addressed. In this perspective, three features will be concentrated, including the past cooperation experience, the demand for the aid and the ideological differences. Fourthly, the micro-level of evaluation that aims to response the research question from initiatives level. It will look into the type of funding and the mode of implementation from both the Marshall Plan and the Belt and Road Initiatives. Lastly, from both the macro and micro levels of examination, this research concludes that the different levels of receptiveness towards the Marshall Plan and the BRI have resulted from ideological differences between the donor and the global hegemon and the different roles that the recipient countries have within the two initiatives.