Abstract
This is book review of “The Belt and Road Strategy in International Business and Administration”, edited by Wei Liu, Zhe Zhang, Jinxiong Chen and Sang-Bing Tsai. This book review focuses on discussing how “The Belt and Road Strategy” develops in the current studies in international business field based on the book’s content. The review starts begins with a literature review on current research in “The Belt and Road Strategy”, then gives a brief summary of each chapter of the book, and finally conclude with its practical implication and suggestion for readership.
Highlights
“The Belt and Road Strategy” is a geographical initiative by the Chinese government involving infrastructure advancement and the promotion of investments that encompasses 152 countries and international organizations across Europe, Asia, the Middle East, Latin America and Africa
The “belt” refers to overland communication, which was historically referred to as “the Silk Road Economic Belt”, aimed to connect underdeveloped regions in China to Europe and Central Asia, whilst “road” refers to the sea routes, or the 21st Century Maritime Silk Road, with the Indo-Pacific region as its main focus. This initiative covers more than 68 countries, including 65% of the world’s population and 40% of the global gross domestic product as of 2017. This initiative was proposed by the President of the People’s Republic of China (PRC) Xi Jinping in September and October 2013 during visits to Kazakhstan and Indonesia
The initiative was first proposed in October 2013 and was funded by The Asian Infrastructure Investment Bank (AIIB) which is a development bank dedicated to providing funding independent of the China Policy Bank
Summary
“The Belt and Road Strategy” is a geographical initiative by the Chinese government involving infrastructure advancement and the promotion of investments that encompasses 152 countries and international organizations across Europe, Asia, the Middle East, Latin America and Africa This seminal foreign affairs initiative intends to address economic, regional, and political demands in Eurasia, consisting of two parts, as suggested in its name, the “belt” and the “road”. With the Belt and Road initiative, the AIIB aimed to address the expanding infrastructure demand across Asia whilst envisaging a future of enhanced regional integration and expanded social and economic capacity as a result of economic development and social services capacity building The goal of this strategy is to address both the economic and cultural needs of the correspondent geographical area. The book will strive to achieve this this goal by exploring the relationship between international business and sustainable development, providing a practical and comprehensive forum for exchanging novel research ideas or empirical practices in this topic, and to contribute to developing theoretical, analytical, empirical research, comprehensive reviews of relevant research, conceptual frameworks, and case studies of effective applications in this area
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