Since the launch of China’s Belt and Road Initiative (BRI) in 2013, development financing has returned to the fore of global geopolitics. Despite its critics, the latest surge of great-power competition could be a good thing for developing countries.
Clip from the video, "Multipolarity, US-China Relations, and the Political Economy of Global Insecurity - Jeffrey D. Sachs." In this segment, Sachs discusses GDP discrepancies between China and Western countries, underscoring how China and the West view economic growth and competition.