Eng

G7's PGII initiative unlikely to materialize: Greek scholar

XINHUA
發布於 2022年06月29日20:21 • ,

People take part in a protest in Garmisch-Partenkirchen, Germany, June 26, 2022. (Xinhua/Guo Chen)

The Partnership is aimed at countering the Belt and Road Initiative (BRI) and China, but is really a communication tool to show the global audience that the U.S. retains hegemony, said Greek international relations scholar Pelagia Karpathiotaki.

廣告(請繼續閱讀本文)

ATHENS, June 29 (Xinhua) -- The Partnership for Global Infrastructure and Investment (PGII) proposed by the U.S. and presented during the latest Group of Seven (G7) summit is unlikely to materialize, a Greek expert told Xinhua in Athens on Wednesday.

The Partnership is aimed at countering the Belt and Road Initiative (BRI) and China, but is really a communication tool to show the global audience that the U.S. retains hegemony, said Greek international relations scholar Pelagia Karpathiotaki.

G7 leaders this week laid out plans to mobilize some 600 billion U.S. dollars in funding over the next five years for infrastructure investment to support the developing world.

廣告(請繼續閱讀本文)

However, Karpathiotaki pointed to an initiative announced by the U.S. at last year's G7 Summit, called Build Back Better World (B3W), which has so far yielded just 6 million U.S. dollars in global infrastructure construction.

B3W was supposed to narrow a 40 trillion U.S. dollar gap in infrastructure investment for developing countries.

If the G7 countries were really concerned about the poor infrastructure situation in low-income countries, they could have launched similar programs much earlier, said Karpathiotaki.

廣告(請繼續閱讀本文)

(From L to R) European Council President Charles Michel, Italian Prime Minister Mario Draghi, Canadian Prime Minister Justin Trudeau, French President Emmanuel Macron, German Federal Chancellor Olaf Scholz, U.S. President Joe Biden, British Prime Minister Boris Johnson, Japanese Prime Minister Fumio Kishida and European Commission President Ursula von der Leyen, stand for a group photo during the Group of Seven (G7) Summit in Schloss Elmau in south Germany's Bavarian Alps on June 26, 2022.(Xinhua/Guo Chen)

"It is obvious that the PGII … is another geopolitical tool that aims to intensify decoupling tendencies and is a means to counter the Belt and Road Initiative and China," she added.

However, according to Karpathiotaki, the PGII is unlikely to come to fruition for various reasons. Today, G7 countries and their societies face huge economic challenges, therefore it will be almost impossible to mobilize state resources for PGII purposes, she explained.

Meanwhile, it is extremely difficult to mobilize private resources, since private organizations are motivated by profit, not politics.

For Karpathiotaki, who is also a researcher at the Beijing-based University of International Business and Economics, the PGII just serves to show that the U.S. still has the power and resources to design global initiatives after the West's failure to confront Russia.

PGII is also a means for U.S. President Joe Biden to prove to American citizens his resolve to counter China's increasing political influence, in a bid to woo voters in the approaching midterm elections, Karpathiotaki said.

"The announcement of the PGII may in addition serve as a psychological comfort to the leaders of the G7 countries, giving them the feeling that they are contributing to global affairs," said the expert.

"But it is obvious that developing countries are no longer satisfied with promises, especially when there is an alternative proposal such as BRI," she said.

Police patrol outside the international media centre during the Group of Seven (G7) summit in Garmisch-Partenkirchen, Germany, June 26, 2022. (Xinhua/Guo Chen)■

更多 Eng 相關文章

59 killed, over 100 injured in deadly nightclub fire in North Macedonia
XINHUA
Looking for an Expert to Calculate Long-Service Payments to Ensure Compliance with Hong Kong Accounting Standards? Valtech Valuation Offers Specific Solutions and Advice
PR Newswire (美通社)
China unveils plan on special initiatives to boost consumption
XINHUA
China's fixed-asset investment up 4.1 pct in first two months
XINHUA
Asia Album: Festival of colors Holi celebrated in Indonesia
XINHUA
Jones Day adds Corporate partner Frank Voon in Hong Kong
PR Newswire (美通社)
Global Times: What does 'whole-process' mean in China's democracy? A Shanghai practice
PR Newswire (美通社)
Serbia and Canada claim first FIBA 3x3 Champions Cup titles
XINHUA
China's retail sales up 4 pct in first two months
XINHUA
Update: China's retail sales up 4 pct in first two months
XINHUA
Globe leaders tackle cybersecurity, enhancing customer experience at MWC Barcelona 2025
PR Newswire (美通社)
These are the best izakayas in Hong Kong, according to Tatler’s editors
Tatler Hong Kong
China's Shi clinches second Badminton All England title
XINHUA
Xinhua News | 59 killed, over 100 injured in deadly nightclub fire in North Macedonia
XINHUA
Chinese animation gains popularity among young audiences
XINHUA
18th Asian Film Awards ceremony held in Hong Kong
XINHUA
Interview: Coach Zhang unsatisfied with China's short track performance at Beijing World Championships
XINHUA
NEW ONE MICHELIN STAR ENTRY: PLAISANCE BY MAURO COLAGRECO AWARDED FIRST MICHELIN STAR IN MICHELIN GUIDE HONG KONG & MACAU 2025
PR Newswire (美通社)
The Henderson Becomes First Commercial Building in APAC to Partner with Forbes Travel Guide on Five-Star Guest Experience Standards
PR Newswire (美通社)
AZIMUT|BENETTI GROUP LEADS THE NAUTICAL WORLD FOR A QUARTER CENTURY
PR Newswire (美通社)
Shanghai sees record single-day arrival of foreign tourists via cruise ships
XINHUA
VINSSEN Acquires AIP Certification for Korea's First Hydrogen Propulsion Tugboat
PR Newswire (美通社)
Businesses across Southeast Asia are engaging independent talent at rates ranging from USD 250 to USD 1600 per day to scale faster: Outsized's 2025 Talent-on-Demand Report reveals critical hiring trends and most in-demand skills
PR Newswire (美通社)
HanAll Biopharma Announces Orphan Drug Designation for Batoclimab in Japan for Active Thyroid Eye Disease
PR Newswire (美通社)
Sri Lankan orchardists' harvest dreams with Chinese agricultural techniques
XINHUA