The Belt and Road Initiative and the Global Economy

Joshua, John

doi:10.1007/978-3-030-28030-7

Cited by 10 publications

(6 citation statements)

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“…Its external policy is mainly worried about the discovery of new locations for COFDI in other nations, particularly for building infrastructure, finding raw materials and energy sources (mainly gas and oil), and expanding its export. Though, the concept of this initiative can only be flourish when China agrees for and admits individual cultures (Joshua, 2019). In short, the "BRI" is a geostrategic initiative that has political, economic, and cultural implications.…”

Section: Discussionmentioning

confidence: 99%

A comprehensive overview of China's belt and road initiative and its implication for the region and beyond

Rahman

2020

Journal of Public Affairs

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The primary objective of this study is to present the background and overview of the Chinese belt and road initiative (BRI) project while exploring views, opinions, skepticisms, and challenges related to this initiative. President Xi Jinping initiated the Silk Road Economic Belt (SREB) and the 21st-century Maritime Silk Road (MSR) to boost regional cooperation, which was later officially named as the One Built One Road (OBOR) or BRI. To this date, more than 65 nations from Asia, Europe, and Northeast Africa have joined the "BRI," to revive the old silk road. In an official document, "the Vision and Action of the OBOR," China plans to realize five cooperation and development plans, comprising of six intercontinental economic corridors. These projects are expected to bring collective economic growth in BRI member economies while keeping China at the heart of such development. The five main facets of "OBOR" cooperation include infrastructure connectivity, policy communications, finance, trade, and people-to-people bonds to encourage regional cooperation and mutual growth. 1 | BACKGROUND OF THE STUDY 1.1 | One Belt One Road/(Yidai Yilu, 一带一路) or belt and road initiative In 2013, China started the "B&R" initiative with the aims of promoting international cooperation, connectivity, and international trade to facilitate harmonized global economic development (Muzapu,

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Section: Discussionmentioning

confidence: 99%

A comprehensive overview of China's belt and road initiative and its implication for the region and beyond

Rahman

2020

Journal of Public Affairs

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“…This concept has gained a signi cant number of supporters. Joshua (2019) believes that there is a "strategy shift occurring between the Washington Consensus and the Beijing Consensus" and Henderson, Appelbaum and Ho (2013) point to a new form of globalization, with "Chinese characteristics".…”

Section: Literature Reviewmentioning

confidence: 99%

China and Deglobalization of the World Economy

Stanojević¹,

Zakić²

2020

Preprint

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This paper analyses the causes of the downward trend in three key cohesion aspects of the world economy: international trade, foreign investment and global value chains. The paper finds that causes of these trends are not cyclical, but structural, that is, the process of deglobalization of the international market and transformation of the very foundations of the international economic system is underway. The specific aim of the paper is to investigate the impact of current trends on China's economy. The question is whether the Chinese economy, which has developed due to globalization processes, will be negatively affected by reverse processes and to what extent. The empirical analysis reveals very strong dependence of the Chinese economy on international economic trends. In spite of new development strategy which includes separation of the Chinese economy from disturbing external effects, most of current deglobalization trends have strong negative effects.

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“…Nevertheless, despite the fact that the BRI is an "important topic in international debates, and has much to do with several broad topics, such as the rise of China, the direction of China's foreign policy and the China-US rivalry in the Asia-Pacific region" (Wang 2016, 445), and that recent studies have located the BRI in the global politics and re-ordering of the existing international order (Berlie, ed. 2020;Farooq, Feroze and Kai 2019;Joshua, 2019a;2019b;Lei 2018;Rong and Zhu eds. 2018;Syed and Ying eds.…”

Section: China's Belt and Road Initiativementioning

confidence: 99%

Çin diplomasisi ve dış politikasının yabancı öğrencilerin Kuşak ve Yol İnisiyati

Masabo

2019

cjas

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China's engagement with the world has been evolving to reflect its various economic developments, and although China's economic progress since 2010 may not be a shock to many, its recent dramatic re-emergence at the centre of global politics has thrown familiar issues into a sharp relief. One such issue is the launch of the Belt and Road Initiative (BRI), which has been of key interest to policy makers, and which, since 2015, has expanded immensely to link China with Asia, Europe and Africa, boosting trade, development and cultural exchange throughout a broad infrastructure network. This paper presents the findings of a study that was designed to examine the implications of Chinese foreign policy on the perceptions of BRI among foreign students of the East China Normal University in Shanghai, China. The findings of the study reveal that the foreign students' perceptions of BRI are influenced by how Chinese foreign policy is and was perceived in their respective home countries, and that the experience of living in China had little or no impact in changing their established perceptions. Based on these findings, the study concludes that, the future implementation of BRI will be highly influenced by the existing Chinese diplomatic relations, and as such recommends the consolidation and expansion of China's existing diplomatic relations if it desires a smoother and better adoption of the BRI in other countries.

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The Belt and Road Initiative and the Global Economy

Cited by 10 publications

References 0 publications

A comprehensive overview of China's belt and road initiative and its implication for the region and beyond

A comprehensive overview of China's belt and road initiative and its implication for the region and beyond

China and Deglobalization of the World Economy

Çin diplomasisi ve dış politikasının yabancı öğrencilerin Kuşak ve Yol İnisiyati

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