TY - CHAP
T1 - The Economics of the Belt and Road Initiative
AU - Gunessee, Saileshsingh
AU - Liu, Jianmin
N1 - Publisher Copyright:
© 2020, The Author(s).
PY - 2020
Y1 - 2020
N2 - 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.
AB - 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.
KW - Belt and Road Initiative
KW - Challenges
KW - Drivers
KW - Economic relevance
KW - Impact
UR - http://www.scopus.com/inward/record.url?scp=85129625844&partnerID=8YFLogxK
U2 - 10.1007/978-981-15-3133-0_2
DO - 10.1007/978-981-15-3133-0_2
M3 - Book Chapter
AN - SCOPUS:85129625844
T3 - Palgrave Series in Asia and Pacific Studies
SP - 19
EP - 59
BT - Palgrave Series in Asia and Pacific Studies
PB - Springer
ER -
