Economic Implications of China’s Belt and Road Initiative (BRI): The Case of Bangladesh

Abstract

The paper provides an alternative framework to identify the compulsions and contradictions arising out of China’s Belt and Road Initiative (BRI) as voluminous literature, stemming from the perspectives of realism and liberalism are either marred in assertive dogmatization or excessive apprehensions or non-feasible (lack of) solutions. Taking into such inadequacies of existing approaches into account, the paper also attempts to chalk out elements for a new form of cooperation under the BRI. Using Bangladesh as a case study, it suggests for integration of production network, transfer of technology and sharing of risk of capital as necessary condition as well as alignment of domestic political settlement and normative legitimacy as sufficient condition to achieve mutual stability and growth outcomes.