Understanding The Impact Of China’s Belt And Road Initiative Policy (Bri) On The United States From 2016-2021 Through Hegemonic Stability Theory Analysis

Abstract

The Belt and Road Initiative Policy (BRI) is a long-term investment policy and program on a transcontinental scale with the aim of infrastructure development and accelerating economic integration of countries covering the sub-regions of Asia, Africa and Europe. BRI's strategy is to expand its economic influence and grow into a new superpower that can challenge United States hegemony in an economic context. This study discusses how China's BRI policy has an impact on the United States as the dominant global economy in the Asia Pacific region with the Hegemony Stability Theory approach. Through this theory, the researcher observes how China's BRI influences the United States by looking at two indicators, namely economic domination and changes in the international system. The dominance of China's BRI has impacted the United States as the dominant global economy in the Asia Pacific region with significant changes to several policies and strategies. The ability of China through the BRI to exercise its power through the mechanism of economic interdependence contributes to the governance and management of the international market economy.