In Bangkok this week, U.S. officials revealed America's belated rival to China's trillion-dollar Belt and Road Initiative global infrastructure plan. President Donald Trump now has his Blue Dot Network, with the help of the Japanese and Australian governments.
The plan, as the U.S. Overseas Private Investment Corporation explains it, is to "promote high-quality, trusted standards for global infrastructure development in an open and inclusive framework." The swipe at BRI for wrecking ecosystems and creating debt traps for developing nations is plain.
