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Blue Dot Network : Counterpart to China's Belt And Road Initiative

Blue Dot Network : Counterpart to china's Belt And Road Initiative

A counterpart to China's build and road initiative "Blue Dot Network" was recently launched by USA, Japan, and Australia. What is the blue Dot Network? How it will affect China's plan to cover the world trade using Belt And Road Initiative? How it will affect World Economics? Is it a Cold War on Trades?

The USA's Blue Dot Network is what America was looking to counter Chin's Belt And Road Initiative to counter world Trade.

The trading war going on between the USA and China to conquer the world economics through different strategies.

What is Blue Dot Network?

Recently in Indo Pacific Investment Forum, a joined initiative by the USA, Japan, and Australia came up with this idea called "Blue Dot Network". USA's Overseas Private Investment Corporation, Japan's Bank Of International Corporation and Australia's  Depart of Foreign Affairs and Trade jointly launched the initiative of Blue Dot network mainly aiming to increase joint high development investment infrastructure projects between these three countries.

This whole idea somewhat revolves around what China is already doing. The belt and road initiative by china is also somewhat similar to what USA, Japan and Australia is planning to. So can we say that  Blue Dot Network initiative idea is America's strategy to counter China's Belt And Road Initiative to increase its dominance over china's different development projects going all around Asia and Indo Pacific region.

The idea behind this Blue Dot Network is to develop different infrastructure projects and build financially and transparency of trade between different Indo Pacific Countries for USA, Japan and Australia's goods and supplies.

The USA will be the most profitable investors among Japan and Australia because it will straightly counter China's Trading Economics which is heavily increasing in the Indo Pacific, as well as Indian Peninsula, were the USA is dealing with the heavy competition from Chinese Investors.

So the question is can the Blue Dot Network initiative reduce the increasing dominance in terms of trades in Indo Pacific region and will it allow the USA to increase his power in terms of goods and supply manufacturing compared to China.

Blue Dot Network will bring the amount of International trust among investors from different countries to develop highly transparent infrastructure development ideas for the benefit of countries which can't afford it somewhat similar to the idea behind the china's Build and Road and String of pearls idea.

How it will affect World Economy?

The Blue Dot network will provide development plans for countries who can't afford it with an option to get these development projects done at much much less loans from developed countries.

So certainly it will increase the world trade to some extent.
Image result for world map

It will create an infrastructure Network between different countries and investors which will increase the transparency to create high-quality investment infrastructure plans as corporation which will benefit the investors as well as the developers.

 Can it compete with Chin's Belt And Road Initiative?

Yes, it may come up as a challenge to the Belt And Road Initiative. 
The area which this blue dot network is targeting is the area china missed on to place its Belt and road strategy. So the blue dot network will spread from this blank spots as a strategy of  USA to counterpart China in Indo Pacific regions.

Despite its failures, the Belt and Road has captured worldwide attention and left leaders in many developing countries generally content with its results. For now, the Blue Dot Network is just a vision statement, lacking the vast amounts of money and feverish pace of construction that China has realized with the Belt and Road.

Yet its announcement alone signifies that many governments that have been warily watching China build inroads across Asia sensed a favorable moment to step into the fray. How effectively the Blue Dot Network can compete with, let alone replace, Chinese investment clearly depends on how willing private actors and corporations are to join in its mission. But if the engine of China’s economic growth continues to falter, and more of its contracts abroad go sour, many leaders in Asia may begin to wonder where else to look for assistance.

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