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Debt-Trap or Diversification? Montenegro’s Highway and the Limits of China’s Leverage
Montenegro’s Bar–Boljare highway is often cited as an example of Beijing’s “debt-trap diplomacy.” However, although the project has strained public finances and alarmed the EU, it failed to translate into political leverage for China. Montenegro’s case suggests that infrastructure can entangle small states economically without capturing them politically, while also spelling out important policy lessons for the EU’s approach in the Western Balkans. [...]