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History China

One Road, Many Dreams

China's Bold Plan to Remake the Global Economy

by (author) Daniel Drache, A.T. Kingsmith & Duan Qi

Bloomsbury USA
Initial publish date
Sep 2019
  • Hardback

    Publish Date
    Sep 2019
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One Road, Many Dreamsreveals the true extent of China's ambition, analyzes the impact of the One Belt, One Road initiative and assesses its chances of success and failure.
This is the Asian century and China has a plan--to remake the world economy. Under its audacious One Belt, One Road strategy, China is investing trillions of dollars in hundreds of projects all around the globe. It's buying up ports, building transport networks and constructing major infrastructure. From hydroelectric plants to oil pipelines, China supplies the labour if needed, the raw materials and the finance, creating customers and boosting its own economy in the process. The objective?To challenge the existing economic and political world order.
More than 80 nations have already joined China's increasingly less exclusive club and by 2049, when One Belt, One Road is set to end, its number of members is likely to rival the UN. So far, China has exercised its soft power of debt diplomacy and financial might shrewdly, serving the planet's overlooked middle-income and poor countries. The rest of the world needs to wake up because the scale of One Belt, One Road is unprecedented. Its implications for the global structure of power are potentially seismic as the geopolitical ties between Europe and Asia deepen.
Written by three highly regarded political economists,One Road, Many Dreamsexamines the One Belt, One Road initiative from all angles. It looks at the projects and the players, the alliances and the governance. It explores the opportunities for China and the threat to the West, particularly for Trump's isolationist US administration. At home and abroad, China is staking its credibility as a superpower on One Belt, One Road. Its resources appear limitless, butOne Road, Many Dreamsasks a tough question: has China overreached? Or can it really pull this off and remake the world economy in its own interests?

About the authors

Daniel Drache is a leading expert on global trade governance and North American integration. He is the author of Borders Matter: Homeland Security and the Search for North America (2004), a revised edition of which was published in Spanish in 2007. The editor of a special edition of Canada Watch—“Deep Integration: North America Post-Bush”—he is also a member of the Centre for International Governance Innovations (CIGI) North American Portal advisory committee.

Daniel Drache's profile page


A. T. Kingsmith teaches in the Politics Department at York University in Toronto.


A.T. Kingsmith's profile page

Duan Qi's profile page

Editorial Reviews

“The book by Drache et al provides a comprehensive, accessible and updated review of the Belt and Road Initiative, which could be very useful in particular for students of international political economy.” —Qian Jiwei, Senior Research Fellow, East Asian Institute, National University of Singapore
“Meticulously researched and fluently written,One Road, Many Dreams sparkles with key insights into China's standing in the world and its significance for the newly emerging world order. A must-read for all those interested in the contours of the Asian century.” —Jorge Heine, a Wilson Center Global Fellow and a former Ambassador of Chile to the People's Republic of China, to India and to South Africa
“An original, wide ranging and balanced overview of the BRIs scope, ambitions, elements and prospects that will be of interest to the general reader and specialist alike. Written in lively and accessible prose and from a political economy perspective, it presents vignettes of scores of projects and a penetrating set of questions about Beijing's intentions and capacities, local and international reactions, and overall sustainability.” —Paul Evans, Professor, School of Public Policy and Global Affairs, University of British Columbia
“It looks like Napoleon was right about China. Now that the sleeping giant is awake, she is indeed moving the world. This timely book provides a detailed look at key economic instruments through which the country is building a global infrastructure and seeking to extend its influence. Keeping abreast of the massive Belt and Road Initiative and assessing its implications are vital analytical tasks for the future. Here is the essential empirical foundation.” —Louis W. Pauly, FRSC, J. Stefan Dupré Distinguished Professor of Political Economy, University of Toronto

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