Connecting the World: China's Belt and Road Initiative

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Author(s): Jamie P. Halsall (University of Huddersfield, Queensgate, UK), Ian G. Cook (Liverpool John Moores University, UK)and Roopinder Oberoi (University of Delhi, India)
Copyright: 2022
Pages: 20
Source title: Handbook of Research on Special Economic Zones as Regional Development Enablers
Source Author(s)/Editor(s): Paulo Guilherme Figueiredo (City University of Macao, Macao), Francisco José Leandro (City University of Macao, Macao)and Yichao Li (City University of Macao, Macao)
DOI: 10.4018/978-1-7998-7619-9.ch001

Keywords: Business & Management / Economics & Economic Theory / General Law / Information Science Reference

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Abstract

Since its inception, China's Belt and Road Initiative (BRI) has attracted international attention. This striving initiative has been perceived as key to reforming China's economic strategy and enhancing global investment. The BRI's economic approach has seen immense infrastructure programme investment, which has entailed the development of new roads and railways and the connection of sea routes. The overall aim of this economic development plan is to foster connectivity and cooperation in the global world. This initiative has been frequently labelled the “21st century silk road,” which is formulated as a “belt” in terms of “overland corridors” and a “road” in terms of “shipping lanes.” Through a geopolitical lens, the authors of this chapter examine the interlocking economic matters of the BRI from a global perspective. Furthermore, the authors demonstrate that the BRI project is the next logical step in China's modernization project.

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Connecting the World: China's Belt and Road Initiative

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