The Economics of the Belt and Road Initiative

Research output: Chapter in Book/Conference proceedingBook Chapterpeer-review

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 languageEnglish
Title of host publicationPalgrave Series in Asia and Pacific Studies
PublisherSpringer
Pages19-59
Number of pages41
DOIs
Publication statusPublished - 2020

Publication series

NamePalgrave Series in Asia and Pacific Studies
ISSN (Print)2662-7922
ISSN (Electronic)2662-7930

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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