BCIM Economic Corridor an Integral Part of BRI for Regional Cooperation: Positioning India’s North-East and Act East Policy

Marchang, Reimeingam

doi:10.1177/23477970211017732

Cited by 5 publications

(2 citation statements)

References 14 publications

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“…Existing studies on economic corridors have focused on spatial patterns [3][4][5][6], regional impacts [7][8][9], effectiveness assessment [10], and security and risk [11][12][13] analyses of economic corridors. The most commonly used research methods are empirical methods [14] and qualitative analysis methods [15]. These methods are characterized by strong subjective dependence, and the feasibility and correctness of their conclusions are largely influenced by the personal perceptions and judgments of the researchers involved.…”

Section: Introductionmentioning

confidence: 99%

Geo-Economic Analysis Based on an Improved Ant Colony Optimization

et al. 2023

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This paper addresses the optimal path selection problem for economic corridors, which is a significant issue in the field of geo-economics. The paper has utilized the spatiotemporal characteristics of geo-economics and identified the development needs in this field to propose an improved ant colony optimization (ACO) strategy. The proposed strategy focuses on enhancing the heuristic function, functional area setting, and pheromone updating strategy. The heuristic factors and transfer probabilities have been improved to couple the path nature, which were based on an analysis of the factors that influence geo-economics. This improvement enhances the applicability of the ACO to path selection problems in macrospace. Additionally, the paper has differentiated the priority of path nodes by setting functional areas, which adds directionality to path selection. The improved ACO has been applied to analyze the optimal path in macroscopic economic space. The experimental validation was conducted in the Indo-Pacific region and economic corridors in China within this region, and corresponding potential geo-economic hubs were analyzed. The experimental results were validated using the Mann−Whitney U test and an evaluation method based on path effectiveness. The feasibility and objectivity of the proposed method were verified. This research provides a valuable exploration of the problem of path selection in macrospace and time and provides decision aid for the construction and adjustment development of a country’s geo-economic relations in a given region. It is a technical reference for establishing sustainable development strategies and national and regional economic planning. Overall, this work contributes significantly to the field of geo-economics and demonstrates the effectiveness of the proposed method through experimental validation.

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Section: Introductionmentioning

confidence: 99%

Geo-Economic Analysis Based on an Improved Ant Colony Optimization

et al. 2023

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“…These are: their interplay on 155 out of the total 169 targets of SDGs, promotion of development through trade-agreement enablement, providing linkage to landlocked developing countries, and their contribution to illuminating the often-ignored spatial aspect of regional development. For these reasons, their successful implementation matters and helps align land-transport interventions to four conjoined forces of globalization, economic integration, development inclusivity, and sustainability [6,[17][18][19][20][21][22].…”

Section: Introductionmentioning

confidence: 99%

Investigating Risks to the Implementation of the Great Equatorial Landbridge (GELB) Highway Project across Africa

Kazungu,

Sharifi

2023

Sustainability

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Transboundary Trade Corridors (TTC) are becoming increasingly important for achieving national, regional, and global development objectives. However, the cross-boundary nature of these projects involves dealing with diverse contexts that span across different countries and involve multiple stakeholders with varying interests. These circumstances exacerbate the risks and uncertainties that arise during their implementation, intensifying the challenges involved in making decisions about how to proceed with their execution. Insufficient evaluations of development projects have been identified as a contributing factor to unforeseen risks, which in turn can result in the underperformance and failure of transportation infrastructure projects. This ultimately acts as an impediment to achieving sustainable development goals. Further, rapid deployment of post risk-event corrective measures can exacerbate, for instance, macro-economic crisis and civil unrest. The Great Equatorial Land Bridge is a TTC planned to traverse five countries: Cameroon, Central African Republic, South-Sudan, Ethiopia, and Kenya. Despite the anticipated advantages for globalization, political cooperation, and regional integration, the risks that must be addressed to successfully implement this project are still uncertain. We, therefore, use a Multicriteria Decision-Making (MCDM) framework to investigate risks to its successful implementation. The analysis results highlight that effectively managing economic, political, and geographic risks is crucial for the successful implementation of the project. Policy-makers, contractors and multiple stakeholders will benefit from this study’s depiction of the risks and their relative importance. Results can also inform actions toward sustainable development of the project.

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