Within the discourse surrounding the Belt and Road Initiative (BRI), the concept of debt trap diplomacy has garnered significant attention. Critics argue that the BRI is a cunning strategy to ensnare nations in debt and exert control, while proponents maintain that such claims are distorted by media sensationalism. In this session, we dissect the origins, evidence, and consequences of debt trap diplomacy allegations, aiming to uncover whether they reflect a genuine strategy or an exaggerated narrative. Join us for a nuanced exploration of this pivotal aspect of the BRI conversation.

Dr. Deborah Brautigam is the Bernard L. Schwartz Professor of Political Economy and Director of the China Africa Research Initiative at Johns Hopkins University’s School of Advanced International Studies (SAIS). Her most recent books include The Dragon’s Gift: The Real Story of China in Africa (OUP, 2010) and Will Africa Feed China? (OUP, 2015). Before joining SAIS in 2012, she taught at Columbia University and American University. Dr. Bräutigam’s teaching and research focus on international development strategies, governance, and foreign aid. She has twice won the Fulbright research award and is a recipient of fellowships from the Council on Foreign Relations, the Woodrow Wilson International Center for Scholars, and research grants from the UK Economic and Social Research Council (ESRC) and the UK Centre for Economic Policy and Research (CEPR). She has served as a consultant for Transparency International, the United Nations, the World Bank, DFID, GIZ, DANIDA, the African Development Bank, and USAID, and has provided commentary to the Financial Times, the New York Times, the Guardian, CNN, NPR, Al-Jazeera, VOA, CCTV, and MSNBC. Dr. Bräutigam has been a visiting scholar at the World Bank, a senior research fellow at the International Food Policy Research Institute (IFPRI), and advised more than a dozen governments on China-Africa relations. Her PhD is from the Fletcher School of Law and Diplomacy, Tufts University.

Francis Fukuyama is the Olivier Nomellini Senior Fellow at Stanford University's Freeman Spogli Institute for International Studies (FSI), and a faculty member of FSI's Center on Democracy, Development and the Rule of Law (CDDRL). He is also Director of Stanford's Ford Dorsey Master's in International Policy, and a professor (by courtesy) of Political Science. Dr. Fukuyama has written widely on issues in development and international politics. His 1992 book, The End of History and the Last Man, has appeared in over twenty foreign editions. His most recent book, Identity: The Demand for Dignity and the Politics of Resentment, was published in Sept. 2018. His latest book, Liberalism and Its Discontents, was published in May 2022. Francis Fukuyama received his B.A. from Cornell University in classics, and his Ph.D. from Harvard in Political Science. He was a member of the Political Science Department of the RAND Corporation, and of the Policy Planning Staff of the US Department of State. From 1996-2000 he was Omer L. and Nancy Hirst Professor of Public Policy at the School of Public Policy at George Mason University, and from 2001-2010 he was Bernard L. Schwartz Professor of International Political Economy at the Paul H. Nitze School of Advanced International Studies, Johns Hopkins University. He served as a member of the President’s Council on Bioethics from 2001-2004. Dr. Fukuyama holds honorary doctorates from Connecticut College, Doane College, Doshisha University (Japan), Kansai University (Japan), Aarhus University (Denmark), and the Pardee Rand Graduate School. He is a non-resident fellow at the Carnegie Endowment for International Peace and at the Center for Global Development. He is also a member of the Board of Trustees of the Rand Corporation, the Board of Governors of the Pardee Rand Graduate School and the Volcker Alliance, and a member of the American Political Science Association and the Council on Foreign Relations. Dr. Fukuyama is married to Laura Holmgren and has three children.

Michael Bennon is a Research Scholar at CDDRL for the Global Infrastructure Policy Research Initiative. Michael's research interests include infrastructure policy, project finance, public-private partnerships and institutional design in the infrastructure sector. Michael also teaches Global Project Finance to graduate students at Stanford. Prior to Stanford, Michael served as a Captain in the US Army and US Army Corps of Engineers for five years, leading Engineer units, managing projects, and planning for infrastructure development in the United States, Iraq, Afghanistan and Thailand.
 

Moderator:

Jean C. Oi is the William Haas Professor of Chinese Politics in the Department of Political Science and a Senior Fellow of the Freeman Spogli Institute for International Studies (FSI) at Stanford University. A Ph.D. in Political Science from the University of Michigan, she directs the China Program at the Shorenstein Asia-Pacific Research Center and is the Lee Shau Kee Director of the Stanford Center at Peking University. She also is the current President of the Association for Asian Studies.