US President Joe Biden’s ill-defined program to counter China’s Belt and Road Initiative (BRI) is unlikely to pose a serious threat to the latter. Hubristically named after one of his domestic campaign slogans, “Build Back Better for the World” (B3W) aims to be an alternative multilateral funding program to the BRI for developing countries. Ideologically, the B3W rests on the rather facile assumption that the world today is divided between ...