Allies for Sale? Chinese Economic Statecraft, Military Diplomacy, and Alliance Formation in Southeast Asia
Since China’s launch of the Belt and Road Initiative in 2013, considerable attention has focused on Beijing’s use of economic inducements to secure political and military influence. But can money buy allies? Inducements can be ineffective when the target state knows that the sender profits from giving the inducement, because the sender will give the inducement even without any concession.