Innovation behavior under the belt and road initiative: enhancing innovation capacity in Chinese listed firms
Purpose This paper aims to examine the multifaceted impact of China’s belt and road initiative (BRI) on firm innovation. It investigates how enhanced connectivity, economic cooperation and improved resource access under BRI contribute to the innovation capacity of businesses. Design/methodology/approach Taking firms engaged in the BRI framework as the research object, the study uses an empirical analysis to assess the influence of BRI on firm innovation. The analysis focuses on two channels through which BRI operates: optimizing the financing environment and enhancing human capital. Findings The empirical results reveal that BRI significantly promotes firm innovation. It suggests that BRI-driven policies effectively alleviate financial constraints and facilitate access to new markets and resources, thereby spurring innovation in technology, products and services. Originality/value This study contributes to the literature on international cooperation and firm innovation by providing novel empirical evidence on the role of BRI in advancing firm innovation. The findings offer valuable insights for policymakers seeking to stimulate innovation through global economic initiatives.
- Research Article
- 10.32782/2786-765x/2024-6-22
- Oct 2, 2024
- Київський економічний науковий журнал
As of June 2023, China has signed over 200 cooperation documents on the Belt and Road Initiative (BRI) with 153 countries and 32 international organizations. It has also signed third-party market cooperation documents with more than a dozen developed countries and established multilateral cooperation platforms covering over 20 specialized fields. This paper provides an in-depth analysis of the benefits of China's BRI and its impact on participating countries. Through infrastructure development in railways, energy, highways, ports, and digital networks, the BRI has enhanced the economic development capabilities of participating countries and strengthened economic cooperation between the Eurasian continent. The BRI has achieved significant results in improving transportation and logistics efficiency, developing energy infrastructure, and upgrading communication systems, thus facilitating regional connectivity. The BRI has also provided richer and more convenient financing options for participating countries, strengthening trade links and increasing trade volume. Through trade cooperation, the BRI has enhanced economic ties between China and countries in Central Asia, Southeast Asia, Eastern Europe, and Central and Eastern Europe, promoting trade integration among participating countries. The BRI involves both developed and developing countries and represents a new exploration of global economic governance paradigms and environmental protection. For developing countries, the BRI offers a new path for participating in global economic governance, reducing poverty, and advancing their own development. The authors predict that the BRI should become an important force in promoting global shared prosperity. As the initiator of the BRI, China claims a leading role in global and international cooperation in the 21st century. BRI is more than logistics project connecting Asia, Africa and Europe. Primarily BRI is a global project of mutually beneficial cooperation between different countries. The article proposes a rationale for a global project of economic and trade cooperation within the framework of the BRI in the future.
- Research Article
- 10.63878/cjssr.v3i2.1574
- Dec 1, 2025
- Contemporary Journal of Social Science Review
In this chapter, the discussion of China's Belt and Road Initiative (BRI), has extraordinarily influenced US global hegemony. By putting resources into framework projects and advancing networks between countries, China desires to build its financial and international power through the Belt and Road Initiative (BRI). The objective of this chapter is to analyze how China's Belt and Road Initiative (BRI) is presenting serious difficulties to the customary international and financial aims of the US global hegemony. In any case, the US and its partners have eyes on China’s Belt and Road Initiative (BRI) and its influences on the world economy cautiously. While certain countries see the Belt and Road Initiative (BRI) as an opportunity to acquire a better network and add to China’s monetary extension, others have voiced stresses over China's aspirations and the conceivable political influence that could accompany its monetary responsibilities. The US has moved toward the BRI, coordinated effort and rivalry. From one viewpoint, the US recognizes the worth of foundation spending in encouraging turn of events and financial development. They also perceive the likely benefits of improved trade and availability that the Belt and Road Initiative (BRI) can give part countries. Accordingly, the US has tried to cooperate with China and participate in BRI (Kim, 2019). In addition, the US has done whatever it takes to protect its own monetary advantages and public security considering China's extending influence. They have passionately inspected the BRI tasks' terms and conditions, focusing on the worth of receptiveness, maintainability, and fair rivalry. The US has worked to foster elective systems and principles that help great foundations venture and dare steady with their standards through programs like the Blue Dot Network. In this chapter, Neo-Realism theory and a subjective information approach in this part. Utilizing the Neo-Realism theory to offer clarifications, this approach empowers us to look at and decipher qualitative data like reports and observations. The US has presented the Form Act and the Infrastructure Transaction and Assistance Network (ITAN) to back foundation projects in the Indo-Pacific region. This part will inspect and discuss how US approaches toward China's Belt and Road Initiative (BRI) consolidate wariness, participation, and intensity. While recognizing the potential benefits of expanded network and framework speculation, the US likewise attempts to shield its interests and goals while being careful about China's aims. As the BRI pushes ahead and China's influence in the worldwide field develops, so too will the influence of this venture on US plans.
- Research Article
6
- 10.1177/09749101231167454
- May 1, 2023
- Global Journal of Emerging Market Economies
As of July 2022, China has signed more than 200 cooperation agreements on the Belt and Road Initiative (BRI) with 149 countries and 32 international organizations. This research aims to explore the impact of the infrastructure development of this initiative on the economic growth of countries participating in the BRI. Based on the panel data of 130 participating countries and 46 other countries from 2006 to 2019, the difference-in-difference (DID) model and multiple robustness tests were used for empirical evaluation. We found a positive correlation between BRI and the economic growth of BRI-cooperating countries. The heterogeneity test results show that BRI has a more prominent role in promoting the economic growth of upper-middle-income and high-income countries with relatively good industrial foundations. The impact of improved infrastructure development through BRI accounted for 88.42% of the total mediating effect, which is much more significant than promoting industrial upgrading and enhancing innovation capacity. These results support the view that BRI should continue to advance infrastructure development to boost the economic growth of developing countries.
- Research Article
2
- 10.3389/fenvs.2021.724095
- Oct 21, 2021
- Frontiers in Environmental Science
The impact of the Belt and Road Initiative (BRI) on the environment is an important but controversial topic. But assessing it faces a significant challenge for separating its policy impact from the overall effect of economic development that will also have environmental impacts. This paper attempts to provide an evolutionary and counterfactual baseline to evaluate the environmental impact of BRI, based on the distribution dynamics approach and the mobility probability plots (MPPs). Our estimation results suggest that while the majority of BRI economies will lower their emission levels compared with the world average, there are significant differences between BRI and non-BRI countrie’s emission patterns and dynamics. The majority of non-BRI economies will have lower emission levels than their BRI counterparts in the absence of BRI policy, indicating that the difference in future emissions between BRI and non-BRI countries should not be completely attributed to the environmental impact of BRI. Instead, BRI should take measures to prevent certain countries from moving upwards energy intensity paths through policy intervention, international cooperation, and an inclusive project assessment process.
- Research Article
34
- 10.1353/asp.2017.0029
- Jul 1, 2017
- Asia Policy
China's Belt and Road Initiative and Its Implications for Southeast Asia Hong Yu (bio) During state visits to Kazakhstan and Indonesia in 2013, Xi Jinping announced the land-based Silk Road Economic Belt and the sea-based 21st Century Maritime Silk Road, respectively. Shortly after that, these two initiatives were combined to form one unified concept, known as the Belt and Road Initiative (BRI). This grand initiative, comprising various routes by sea and land, is intended to connect China with Southeast and South Asia, Central Asia, Pacific Oceania, Africa, and Europe. BRI is centered on both soft and hard infrastructure connectivity, aiming to forge an integrated and extensive network of regional infrastructure with China at its hub. BRI has gradually emerged as a top Chinese national strategy. Given China's emergence as a global power through industrial redeployment and outward investment, this initiative could reshape the geopolitical and geoeconomic landscape of Asia and beyond. BRI signals a shift in China's foreign policy and a departure from its long-held low-profile approach. Since Xi came to power in 2012, the Chinese government has adopted a far more proactive foreign policy stance, driven by global thinking.1 BRI serves as the key driver to advance China's interests overseas and demonstrates China's growing confidence and aspirations to be a rule-shaper in the economic governance of the region and beyond. Meanwhile, the demise of the Trans-Pacific Partnership (TPP), following the withdrawal of the United States, offers China further leeway to promote its New Silk Road agenda. The TPP's failure will increase the international momentum behind BRI to accelerate regional economic cooperation and integration through forging infrastructure, trade, and investment linkages. For the Southeast Asian countries, regional economic integration plays a very important role in mitigating external uncertainties and global economic vulnerabilities. The collapse of the TPP hit certain participating countries within Southeast Asia very hard, particularly Singapore. Being a tiny nation without an economic hinterland, Singapore has developed as the [End Page 117] most open and trade-dependent economy in the region. China's realization of BRI depends on the support and participation of other countries; in particular, the neighboring Southeast Asian countries are vital to the success of this grand initiative. The Southeast Asian countries, particularly developing countries like Indonesia and the Philippines, have largely welcomed BRI, which aims to promote close regional trade and investment linkage based on the improvement of interregional physical connectivity. Southeast Asia needs to focus consistently on constructing infrastructure in order to unleash the region's economic growth potential. The Southeast Asian countries consider that participating in BRI will help address their serious infrastructure deficits and accelerate industrial and economic growth. China has offered much-needed investment for connectivity-related infrastructure construction.2 This essay will first examine the opportunities for Southeast Asian countries to participate in BRI and then consider their perspectives on the challenges for the initiative. Opportunities for Southeast Asia Arising from BRI China's rise to become the world's second-largest economy and the largest trading nation has exerted a very powerful pull on the Southeast Asian economies. China has become the largest trading partner for all Southeast Asian countries except for the Philippines. The region, for its part, has benefited enormously from China's economic growth. It has taken advantage of the Sinocentric regional production network created since China's admission to the World Trade Organization in the early 2000s to export raw materials, intermediate goods, and mineral resources to China for final manufacturing into industrial goods before their export to the major consumption markets in the West. Setting aside for the moment the underlying geostrategic and geopolitical considerations, the potential benefits from BRI for Southeast Asia could be enormous. China has committed enormous financial resources to build a number of large-scale transportation projects aiming to improve interregional connectivity. For example, construction has already started on the Jakarta-Bandung high-speed railway in Indonesia and on a railway linking Mohan, on the Chinese border, with Vientiane, the capital of Laos. These two projects, both largely financed by Chinese banks and being [End Page 118] built by Chinese companies, mark Beijing's efforts to...
- Research Article
5
- 10.1353/asp.2017.0027
- Jul 1, 2017
- Asia Policy
Afghanistan and the Belt and Road Initiative:Hope, Scope, and Challenges Meena Singh Roy (bio) In September and October 2013, Chinese president Xi Jinping visited Central Asia and Southeast Asia, where he announced an initiative to jointly build the Silk Road Economic Belt and the 21st Century Maritime Silk Road. From the Chinese perspective, the Belt and Road Initiative (BRI) is an ambitious economic vision aimed at "cooperation among the countries along the Belt and Road" whereby they "work in concert and move towards the objectives of mutual benefit and common security."1 The BRI vision document emphasizes the great potential and space for cooperation among regional countries by promoting policy coordination and facilitating connectivity, unimpeded trade, financial integration, and people-to-people bonds. These have been identified as the initiative's five major goals. Since being announced in 2013, BRI has become the centerpiece of Xi's foreign policy. In May 2017, representatives from over 100 countries, including Afghanistan, attended the Belt and Road Forum, at which 68 countries and international organizations signed cooperation agreements with China. Xi explained that China hopes to "find new driving forces for growth, create a new platform for global development, and re-balance economic globalization."2 This essay examines Afghanistan's high expectations for BRI and Chinese perceptions of the country's potential role in the initiative. The essay concludes by discussing the challenges that Kabul faces in realizing the benefits of participation in this ambitious connectivity project. Afghanistan's Expectations for BRI From Afghanistan's perspective, BRI is a welcome project. The Afghan government has shown interest and already confirmed its participation [End Page 103] in the initiative. Highlighting the importance of this megaproject, Deputy Foreign Minister Hekmat Khalil Karzai said that the "economic development process along the Silk Road will reshape the international development order that has been centered in our region and carries great significance for human development in the 21st century."3 For Afghans, this initiative is a very important step toward improving regional cooperation and regional and interregional connectivity, which complements Kabul's long-standing policy of promoting regional integration and economic cooperation. With an aim to advance transnational projects, Kabul initiated the Regional Economic Cooperation Conference on Afghanistan in 2005, and in 2011 the Regional Cooperation Directorate was established in the Afghan Ministry of Foreign Affairs. In March 2017, Finance Minister Eklil Hakimi stated that Afghanistan has already aligned most of its domestic plans with BRI.4 The government believes that the initiative will provide an opportunity for Afghanistan to once again become an "Asian transit and trade roundabout" connecting South Asia to Central Asia and East Asia to West Asia, thus bringing economic benefits not only to Afghanistan but to the entire region. Specifically, Afghan leaders argue that the Lapis Lazuli Corridor, the Five Nations Railway, and several gas pipeline projects can be linked to other projects under China's grand connectivity initiative.5 In addition, since October 2016, Afghanistan has expressed interest in joining the China-Pakistan Economic Corridor (CPEC), and its ambassador to Pakistan, Omar Zakhilwal, has already extended Afghan support for CPEC. Both Pakistan and China seem open to this possibility, but the logistical question of how to extend CPEC into Afghanistan remains unanswered. The proponents of Afghanistan joining CPEC in particular and BRI in general have argued that participating in this megaproject will bring the following benefits to the country. First, the new infrastructure within Pakistan could give Afghan businesses and investors access to the consumer market in South Asia, thus reducing the cost of imports and increasing exports to the region. This could help Afghanistan enhance its [End Page 104] trade with regional countries, thereby stabilizing its economy. In 2015, Pakistan was the top export destination for Afghanistan ($392 million), followed by India ($277 million). Similarly, Pakistan emerged as the top origin for imports, with trade amounting to $1.95 billion, followed by China ($587 million) and India ($560 million). So far Afghanistan has been exporting goods like carpets, rugs, dried fruits, and medical plants but not copper, iron ore, and other natural resources. BRI is expected to offer the opportunity for Afghanistan to export these and other valuable resources to...
- Research Article
18
- 10.3390/su151612334
- Aug 14, 2023
- Sustainability
The Belt and Road Initiative (BRI) has become a household name for developing countries, especially in Africa. The BRI proposal by Chinese President Xi Jinping was positively received by many countries, including policymakers in China. In response, the Chinese Government committed to investing USD 1 trillion over ten years from 2013 to 2023. As a result, 152 countries signed a cooperation agreement with China to work under the BRI framework. The BRI has played a vital role in addressing the global infrastructures gap through the construction of modern highways, airports, high-speed railways, bridges, power generation (hydropower), and industrial parks. As a result, this has enhanced connectivity and economic growth between Asia, Europe, and Africa. Despite the BRI’s significant role in strengthening trade, infrastructure and investment links between China and other countries, there is limited literature on specific countries’ experience with the initiative. This study, therefore, will advance our understanding of the BRI, especially on the conceptualization of the term; comparative analysis of Africa–China relationships before and after the BRI; the benefits in relation to the “Five Connectivities” and the challenges the BRI is facing in Africa. The article is based on a literature review and case study as research methodologies mainly used the Policies, Projects, Initiatives, and Strategies (PPIS) as a data source. The study focuses on five African countries; Uganda, Kenya, Egypt, Djibouti, and Mozambique. These countries were selected purposefully for analysis because of their experience, long-term relationships with China, and strategic locations. The findings revealed that the BRI lacked a clear description and that it was difficult to distinguish between BRI projects and other regular economic or diplomatic relations. The study also identified four differences between Africa–China relationships before and after the BRI. Furthermore, the findings revealed that the BRI has positively contributed to all five connectivity pillars. However, the major challenges reported concerning the initiative from the various countries were: procurement corruption, low/lack of involvement of stakeholders, high compensation prices, labor violations, increasing debts, and environmental hazards. In conclusion, while the BRI has brought about significant infrastructure development and economic benefits, the project has also experienced some challenges. This study, therefore, contributes to the body of knowledge on China’s Belt and Road Initiative and its impact on African countries, specifically in Uganda, Kenya, Djibouti, Mozambique, and Egypt. The paper then provides conclusions and policy implications as well as future research opportunities in the current body of the literature.
- Research Article
- 10.52123/1994-2370-2024-1231
- Sep 30, 2024
- Public Administration and Civil Service
This article explores the intricate relationship between Afghanistan's evolving political landscape and the ambitious Belt and Road Initiative (BRI). Situated at the crossroads of geopolitical complexities, Afghanistan has undergone enduring political transformations, prompting a critical review of its international role. As the nation grapples with transformative political journeys, this study scrutinizes the interplay between internal changes and the broader goals of the BRI. Initiated by China, the BRI represents an unprecedented effort in global connectivity and economic cooperation. The article outlines the dynamics of Afghanistan's political scenario and its potential impact on the BRI, revealing the complex relationship between political changes and the future trajectory of this ambitious initiative within Afghanistan's borders. Central to this exploration is the Belt and Road Initiative, a historic initiative spanning continents with the aim to reshape global trade patterns and strengthen economic cooperation. Originating from China, the BRI vision goes beyond infrastructure development, encompassing diplomatic, economic, and cultural dimensions. Understanding the goals and mechanisms of the BRI is fundamental to assessing how Afghanistan's political transformation might align with this transformative initiative. This article aims to dissect the point where Afghanistan's political trajectory converges with the aspirations of the BRI. By detailing the complex interplay between these two dynamic forces, the study explores synergies, conflicts, and potential implications for Afghanistan's geopolitical position and the broader goals of the BRI. As a scholarly endeavor, it contributes nuanced insights to the ongoing discourse on global politics, international cooperation, and the transformative potential of large-scale infrastructure projects in regions undergoing significant political change. Keywords: Afghanistan, Political Change, Belt and Road Initiative, Geopolitics, Infrastructure Development, Economic Dynamics, Regional Cooperation.
- Research Article
- 10.52123/1994-2370-2024-1283
- Sep 30, 2024
- Public Administration and Civil Service
This article explores the intricate relationship between Afghanistan's evolving political landscape and the ambitious Belt and Road Initiative (BRI). Situated at the crossroads of geopolitical complexities, Afghanistan has undergone enduring political transformations, prompting a critical review of its international role. As the nation grapples with transformative political journeys, this study scrutinizes the interplay between internal changes and the broader goals of the BRI. Initiated by China, the BRI represents an unprecedented effort in global connectivity and economic cooperation. The article outlines the dynamics of Afghanistan's political scenario and its potential impact on the BRI, revealing the complex relationship between political changes and the future trajectory of this ambitious initiative within Afghanistan's borders. Central to this exploration is the Belt and Road Initiative, a historic initiative spanning continents with the aim to reshape global trade patterns and strengthen economic cooperation. Originating from China, the BRI vision goes beyond infrastructure development, encompassing diplomatic, economic, and cultural dimensions. Understanding the goals and mechanisms of the BRI is fundamental to assessing how Afghanistan's political transformation might align with this transformative initiative. This article aims to dissect the point where Afghanistan's political trajectory converges with the aspirations of the BRI. By detailing the complex interplay between these two dynamic forces, the study explores synergies, conflicts, and potential implications for Afghanistan's geopolitical position and the broader goals of the BRI. As a scholarly endeavor, it contributes nuanced insights to the ongoing discourse on global politics, international cooperation, and the transformative potential of large-scale infrastructure projects in regions undergoing significant political change. Keywords: Afghanistan, Political Change, Belt and Road Initiative, Geopolitics, Infrastructure Development, Economic Dynamics, Regional Cooperation.
- Research Article
- 10.52123/1994-2370-2024-1238
- Sep 30, 2024
- Public Administration and Civil Service
Abstract. This article explores the intricate relationship between Afghanistan's evolving political landscape and the ambitious Belt and Road Initiative (BRI). Situated at the crossroads of geopolitical complexities, Afghanistan has undergone enduring political transformations, prompting a critical review of its international role. As the nation grapples with transformative political journeys, this study scrutinizes the interplay between internal changes and the broader goals of the BRI. Initiated by China, the BRI represents an unprecedented effort in global connectivity and economic cooperation. The article outlines the dynamics of Afghanistan's political scenario and its potential impact on the BRI, revealing the complex relationship between political changes and the future trajectory of this ambitious initiative within Afghanistan's borders. Central to this exploration is the Belt and Road Initiative, a historic initiative spanning continents with the aim to reshape global trade patterns and strengthen economic cooperation. Originating from China, the BRI vision goes beyond infrastructure development, encompassing diplomatic, economic, and cultural dimensions. Understanding the goals and mechanisms of the BRI is fundamental to assessing how Afghanistan's political transformation might align with this transformative initiative. This article aims to dissect the point where Afghanistan's political trajectory converges with the aspirations of the BRI. By detailing the complex interplay between these two dynamic forces, the study explores synergies, conflicts, and potential implications for Afghanistan's geopolitical position and the broader goals of the BRI. As a scholarly endeavor, it contributes nuanced insights to the ongoing discourse on global politics, international cooperation, and the transformative potential of large-scale infrastructure projects in regions undergoing significant political change. Keywords: Afghanistan, Political Change, Belt and Road Initiative, Geopolitics, Infrastructure Development, Economic Dynamics, Regional Cooperation.
- Research Article
- 10.16980/jitc.16.6.202012.575
- Dec 31, 2020
- Korea International Trade Research Institute
Purpose - Purpose This study aims to investigate the possibility of participation and strategic cooperation of South Korea and Japan in the Belt and Road Initiative (BRI). As South Korea and Japan are geopolitically important countries for China sharing common interests in the fields of economy, diplomacy, and security, both countries can be strategic partners to establish a new economic cooperation model. Design/Methodology/Approach - With the review of the purpose and the trend of the BRI until now, cases of cooperation between China and the BRI participating country were examined to understand the China’s influence of bilateral cooperation on the participating country. Based on that, the cooperation strategy of South Korea and Japan toward the BRI was investigated if each country has a strategy for harmonious cooperation with China in a context with the BRI. Findings - It was found that there are common perceptions between South Korea and Japan toward the BRI. First, both countries recognize the importance of investigating on the China-centered economic cooperation system to be prepared for the uncertainties derived from the BRI. Next, Participation through public-private partnerships and multilateral banks can reach further effective cooperation. Lastly, deliberate action is highly required because of the deepened trade dispute between the US and China. Research Implications - This study implicates the necessity of a practical approach for South Korea and Japan toward the BRI under the pressure from the US and China in the post-COVID-19. Considering the common perceptions, the potentiality of Korea-Japan cooperation can be expected to maximize the benefit by participating in the BRI.
- Research Article
49
- 10.1111/1758-5899.12662
- Mar 12, 2019
- Global Policy
This article studies the formation process of China's belt and road initiative (BRI) – the most important Chinese foreign policy initiative under Xi Jinping. It argues that the BRI was put forward as a broad policy idea that was subsequently developed with relatively concrete content. During this process, the shifting international landscapes have gradually driven the BRI from a periphery strategy into a global initiative. By examining the case of Jiangsu Province, this article also shows how Chinese local governments have actively deployed their preferred narratives to influence and (re‐)interpret the BRI guidelines of the central government in order to advance their own interests. As a result, this produces a variety of competing, ambiguous and contradictory policy narratives of the BRI within China, which undermines the Chinese central government's monopoly on the BRI narratives. This leaves the BRI as a very vague and broad policy slogan that is subject to change and open to interpretation. In this regard, the existing analyses – that consider the BRI as Beijing's masterplan to achieve its geopolitical goals – pay insufficient attention to the BRI's domestic contestation and overstate the BRI's geopolitical implications.
- Research Article
6
- 10.1108/jilt-03-2023-0014
- Aug 22, 2023
- Journal of International Logistics and Trade
PurposeThe belt and road initiative (BRI) emanates from China and seeks to connect Europe, Asia and Africa through transport and telecommunications infrastructure. Despite the importance of Africa in the BRI network, very little research has been done on the BRI in Africa, and even less of this emanates from Africa itself. In particular, considering that the BRI investments in Africa are largely transport related, there is almost no research covering the area of logistics, which should be greatly affected by the infrastructure investments. This paper sought to establish the current state of logistics research related to the BRI in Africa.Design/methodology/approachA bibliometric analysis was conducted on documents extracted from the SCOPUS database.FindingsThe findings indicate that there is a lack of research in critical areas such as environmental, social and economic impact of BRI transport investments, governance, logistics performance and international cooperation. In particular, there is a massive gap in local knowledge regarding the BRI.Research limitations/implicationsThe study is limited to published research indexed in the SCOPUS database. Future research directions include empirical studies into BRI project initiation investigation, economic and environmental impacts, governance structures and policy intervention requirements and macro-level logistics impacts.Practical implicationsThe study emphasises the importance publishing all the relevant information regarding BRI related projects in Africa to create transparency.Originality/valueThe study investigates the current research on the effect of China's BRI on transport and logistics in Africa through a bibliometric analysis. The investigation reveals that while there are huge investments in infrastructure, the actual effect on logistics of participating countries in Africa has not been interrogated.
- Research Article
- 10.33271/nvngu/2025-5/208
- Oct 30, 2025
- Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu
Purpose. Establishing the link between the Belt and Road Initiative (BRI) and inclusive growth, taking into account the concept of Pareto improvement. Methodology. The study adopts a mixed-methods approach, combining quantitative analysis with qualitative evaluation, to assess how the BRI influences inclusive growth at national and regional levels. Findings. Existing research shows a growing intersection between inclusive growth theory and the economic effects of the BRI. Empirical results suggest that BRI participation is associated with shifts in GDP, inequality, trade volume, infrastructure investment, and social development. However, benefits of the BRI initiative are unevenly distributed across regions. Case studies also demonstrate significant variation in economic impact depending on the region. Thematic studies reveal regional differences: for instance, Kazakhstan, Southeast Asian, and African countries report varying outcomes depending on project scale, sector, and governance. Comparisons between BRI and non-BRI countries suggest higher gains for the former, though the results represent optimistic estimates rather than guarantees of Pareto optimality. Originality. This study introduces a unique framework by interpreting the BRI as a model of inclusive globalization rooted in Pareto improvement. In contrast to traditional development models, the BRI is positioned as a mechanism fostering open, inclusive, fair, balanced and mutually beneficial economic globalisation. The study offers a new perspective, according to which the BRI initiative improves the welfare of participating countries without worsening the economic situation of other states. Thus, the Belt and Road Initiative is seen as a global mechanism for achieving Pareto improvement, promoting inclusive growth without compromising third parties. Practical value. The work has practical value due to its evaluating the BRI through the lens of Pareto improvement, highlighting its potential in promoting global inclusive growth. Based on empirical data and real-life examples, the study demonstrates how the initiative contributes to economic development, the reduction of regional disparities, and international cooperation. Importantly, these benefits are achieved without harming any participating country, making the initiative an example of mutually beneficial economic integration and an effective policy tool for global development.
- Research Article
1
- 10.34079/2226-2822-2023-13-26-22-30
- Jan 1, 2023
- Vìsnik Marìupolʹsʹkogo deržavnogo unìversitetu Serìâ Ekonomìka
China's Belt and Road Initiative (BRI) is an important initiative to strengthen connectivity and promote economic growth in many countries. China's strategy to stimulate economic growth by diversifying infrastructure investment under the Belt and Road Initiative demonstrates its commitment to promoting connectivity and sustainable development on a global scale. Through a proactive diversification policy, China reduces risks and seizes opportunities, ensuring sustainability and stability in a minimal economic environment. By embracing digitalization and upgrading financial infrastructure, China is accelerating the pace of economic transactions, supporting innovation and promoting inclusive growth along all BRI routes. As China continues to define future global investments under the BRI, its strategic approach offers a model for accelerating economic growth and connectivity across broad territories and populations. This paper examines the methodology of China's strategy to stimulate economic growth through a variety of infrastructure investments under the Belt and Road Initiative (BRI). He emphasizes the importance of diversification, digitalization and development of financial infrastructure. China's Belt and Road Initiative (BRI) has attracted worldwide attention as one of the most ambitious infrastructure and economic development initiatives in modern history. Since its inception in 2013, the BRI has sought to revive old trade routes, enhance connectivity and develop economic cooperation in Asia, Europe and Africa.By embracing digital innovation and upgrading financial systems, China is expediting economic transactions, fostering innovation, and promoting inclusive growth along all BRI corridors. As China continues to shape the future trajectory of global investments through the BRI, its strategic blueprint serves as a model for accelerating economic growth and connectivity across vast regions and diverse populations. Through a comprehensive examination of China's approach, this paper contributes to a deeper understanding of the dynamics driving economic development and connectivity within the context of the Belt and Road Initiative. Keywords: diversification, Belt and Road initiative (BRI), digitalization, perfect storm, infrastructure, COVID-19, logistics, sustainable development.
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