Abstract
This chapter offers an ‘economic perspective’ to the Belt and Road Initiative (BRI). It documents the economic relevance of BRI. It reveals that BRI is multi-faceted in terms of China’s foreign economic cooperation, and two salient facts can be highlighted. First, BRI offers market opportunities but with significant risks, administrative trade burden, and technological impediment to connectivity. Second, the China-BRI economic cooperation post-BRI has increased in absolute terms, but only relatively for exports and contracted infrastructure projects. This chapter outlines the economic drivers, economic impact, and politico-economic challenges of BRI. A few implications are drawn in light of these aspects.
| Original language | English |
|---|---|
| Title of host publication | Palgrave Series in Asia and Pacific Studies |
| Publisher | Springer |
| Pages | 19-59 |
| Number of pages | 41 |
| DOIs | |
| Publication status | Published - 2020 |
Publication series
| Name | Palgrave Series in Asia and Pacific Studies |
|---|---|
| ISSN (Print) | 2662-7922 |
| ISSN (Electronic) | 2662-7930 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 9 Industry, Innovation, and Infrastructure -
SDG 17 Partnerships for the Goals
Free Keywords
- Belt and Road Initiative
- Challenges
- Drivers
- Economic relevance
- Impact
ASJC Scopus subject areas
- Development
- Sociology and Political Science
- Political Science and International Relations
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