The Influence of China’s Belt and Road Initiative of Economic Crisis in Sri Lanka

Autor/innen

  • Yordan Gunawan Universitas Muhammadiyah Yogyakarta and Universitat Pompeu Fabra, Spain.
  • Ichwan Rizki Akbar Napitupulu Universitas Muhammadiyah Yogyakarta

DOI:

https://doi.org/10.19166/lr.v23i1.6593

Schlagworte:

China’s Belt and Road Initiative, Sri Lanka, Debt Trap Diplomacy

Abstract

Sri Lanka, as a country in the South Asian region, is bordered by southeastern India and is in the southern Indian Ocean Sea region. This makes Sri Lanka a country with fast trade and maritime traffic, as well as a seaport. Bilateral connections have existed between Sri Lanka and China since the country's inception, and have been enhanced by financial and other aid supplied to the Sri Lankan government throughout the civil war against the separatist organization Liberation Tigers of Tamil Eelam (LTTE). Negotiations between Sri Lanka and China ended in 2017 with a deal for a Chinese-owned business, China Merchant Port Holdings Company Limited, to acquire almost 85% of Hambantota Port shares for 99 years. Because developed countries clearly have a more dominant role in the process of economic globalization, The research method used is normative law research with a case approach. The results show Sri Lanka's dependence on foreign investment to drive a country's economic growth. Therefore, this study aims to determine the legal arrangements governing the effects of the Belt and Road on the economic crisis in Sri Lanka from the perspective of international law and to determine the positive and negative impacts on the planned project.

Autor/innen-Biografien

Yordan Gunawan, Universitas Muhammadiyah Yogyakarta and Universitat Pompeu Fabra, Spain.

Yordan Gunawan is a Senior Lecturer at the Faculty of Law and also serves as the Editor in Chief of the Scopus-indexed Jurnal Media Hukum. He holds a Bachelor's degree from Universitas Muhammadiyah Yogyakarta and pursued further studies at the National Cheng Kung University in Taiwan, Republic of China. Additionally, Yordan completed his studies at the Graduate Institute of International Studies in Geneva, Switzerland, where he obtained a certificate in International Human Rights and Humanitarian Law.

Currently, he is a PhD Researcher at the Department of International Law and International Relations, Faculty of Law, Universitat Pompeu Fabra, Spain.

Yordan's research areas encompass Public International Law, International Dispute Settlement, Law of International Organizations, and International Environmental Law. He is actively engaged in writing scholarly articles that are published in various national and international journals.

Furthermore, Yordan holds the position of Chairman of the Association of International Offices of Muhammadiyah Higher Education Institution (ASKUI PTMA). In this capacity, he leads more than 90 International Offices in Indonesia, building upon his previous two-term position as a Director of the International Relations Office at the University.

Moreover, Yordan currently serves as the Chairman of Muhammadiyah Spain and is dedicated to his role as a member of the 2024 Overseas General Election Committee in Madrid, Spain.

For any inquiries, Yordan can be reached at yordangunawan@umy.ac.id.

Ichwan Rizki Akbar Napitupulu, Universitas Muhammadiyah Yogyakarta

Ichwan Rizki Akbar Napitupulu is a student enrolled in the International Program for Law and Sharia (IPOLS), Faculty of Law, at Universitas Muhammadiyah Yogyakarta. He can be contacted via email at ichwan.rizki.law20@mail.umy.ac.id.

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2023-07-25

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Volume XXIII, No. 1 - July 2023

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