Strategic Negotiation for Resolving Infrastructure Development Disputes in the Belt and Road Initiative

2018 ◽  
pp. 154-166
Author(s):  
Waqas Ahmed ◽  
Qingmei Tan ◽  
Sharafat Ali
Keyword(s):  
Infrastructure Development ◽  
Belt And Road Initiative ◽  
Belt And Road ◽  
The Belt And Road

scholarly journals Belt and Road Initiative: Five Years on Implementation and Reflection

2019 ◽  
Vol 11 (1-2) ◽  
pp. 1-10
Author(s):  
Biliang Hu
Keyword(s):  
Infrastructure Development ◽  
Belt And Road Initiative ◽  
Agenda 2030 ◽  
Belt And Road ◽  
World Economic ◽  
Common Interests ◽  
The Common ◽  
Set Up ◽  
The Belt And Road ◽  
World Development

This article summarizes the implementation of the Belt and Road Initiative (BRI), which was carried out 5 years ago. To date the basic institutional framework has been set up, some key infrastructural projects launched; joint development zones established and supporting systems have been set up to ensure the smooth infrastructure development of BRI. This article also explains the important factors why China proposed and implemented the initiative: accelerating world economic growth particularly for the developing countries, promoting economic globalization, improving global governance, and supporting UN Agenda 2030 for sustainable development. Based on the 5 years’ experience of the Belt and Road implementation, the initiative reflects correctly the mega trend of world development and global cooperation, as well as the common interests of China and other relevant participating countries. A promising future for the initiative is most likely; however, careful feasibility study for investments is required to manage debt risk well for both the investors and the receivers of the investments.

scholarly journals Strategic Responses of Advanced Economies to the Belt and Road Initiative

2018 ◽  
Vol 04 (03) ◽  
pp. 381-399 ◽  
Author(s):  
Jason Young
Keyword(s):  
Developing Economies ◽  
The United States ◽  
Infrastructure Development ◽  
Belt And Road Initiative ◽  
The European Union ◽  
International Affairs ◽  
Political Values ◽  
Advanced Economies ◽  
Belt And Road ◽  
The Belt And Road

Responses to the Belt and Road Initiative (BRI) have been mixed. Many commentators have welcomed the opportunity for infrastructure development and projects to build economic, political and social connectivity across the region. Others have been openly critical or slow to formulate a clear position. In general, advanced economies have responded less positively than developing economies. This paper employs a constructivist approach to interpret responses to the BRI in advanced economies through analysis of commentary in the United States, the European Union, Japan, Australia and New Zealand. It identifies a diversity of responses within and among these economies and a strong ideational coherence in the frameworks used to assess the BRI. It is concluded that the reception of Chinese-promoted concepts in international affairs, like the BRI, remains challenging due to the dominance of liberal and realist assessments and the accompanying political values. This suggests a need for greater intellectual engagement and more substantial feedback between China and the advanced economies, so as to open the way for a long overdue regional conversation on how development is conceptualized and co-created in a region with diverse approaches to regional economic policy.

scholarly journals Environmental Impacts of Infrastructure Development under the Belt and Road Initiative

Environments ◽  
2019 ◽  
Vol 6 (6) ◽  
pp. 72 ◽  
Author(s):  
Hoong Chen Teo ◽  
Alex Mark Lechner ◽  
Grant W. Walton ◽  
Faith Ka Shun Chan ◽  
Ali Cheshmehzangi ◽  
...  
Keyword(s):  
Environmental Impacts ◽  
Social Economic ◽  
Environmental Issues ◽  
Infrastructure Development ◽  
Belt And Road Initiative ◽  
Political Factors ◽  
Belt And Road ◽  
Interdisciplinary Framework ◽  
Spatiotemporal Scales ◽  
The Belt And Road

China’s Belt and Road Initiative (BRI) is the largest infrastructure scheme in our lifetime, bringing unprecedented geopolitical and economic shifts far larger than previous rising powers. Concerns about its environmental impacts are legitimate and threaten to thwart China’s ambitions, especially since there is little precedent for analysing and planning for environmental impacts of massive infrastructure development at the scale of BRI. In this paper, we review infrastructure development under BRI to characterise the nature and types of environmental impacts and demonstrate how social, economic and political factors can shape these impacts. We first address the ambiguity around how BRI is defined. Then we describe our interdisciplinary framework for considering the nature of its environmental impacts, showing how impacts interact and aggregate across multiple spatiotemporal scales creating cumulative impacts. We also propose a typology of BRI infrastructure, and describe how economic and socio-political drivers influence BRI infrastructure and the nature of its environmental impacts. Increasingly, environmental policies associated with BRI are being designed and implemented, although there are concerns about how these will translate effectively into practice. Planning and addressing environmental issues associated with the BRI is immensely complex and multi-scaled. Understanding BRI and its environment impacts is the first step for China and countries along the routes to ensure the assumed positive socio-economic impacts associated with BRI are sustainable.

scholarly journals Understanding the Belt and Road Initiative

2019 ◽  
Vol 2 (1) ◽  
pp. 103-117
Author(s):  
Dinesh Bhattarai
Keyword(s):  
South Asia ◽  
International Standards ◽  
Infrastructure Development ◽  
Belt And Road Initiative ◽  
Framework Agreement ◽  
Maritime Silk Road ◽  
Belt And Road ◽  
Work Done ◽  
Trade And Investment ◽  
The Belt And Road

China’s project of the century- Belt and Road Initiative - is a signature foreign policy project of President Xi Jinping. Launched in 2013, BRI contains two components- overland belt connecting China with Central Asia, Russia, South Asia and Europe, and Maritime Silk Road for enhancing connectivity, and maritime cooperation linking Chinese ports with Southeast Asia, South Asia, Africa, the Middle East and Europe. BRI wraps up these two initiatives in it and intends to cover the number of countries along the route that happens to be the biggest market in the world with enormous potentials for trade and investment cooperation. BRI has both economic and strategic messages behind a massive infrastructure plan covering a vast network of connectivity linking 60 countries. BRI has sparked a variety of responses, some welcoming and supporting it, some expressing reservations, some willing to participate “for shaping the outcome from within”, and some wanting it to firmly match the international standards of transparency, openness, and the fiscal soundness of the country. Nepal formally became a part of BRI by signing a Memorandum of Understanding on Framework Agreement in May 2017 for enhancing more connectivity and integration, though Nepal is not included in any of the six economic corridors unveiled by China. China recently suggesting Nepal to trim projects from 35 to 9 reflects the standard of the work done by the Nepali government and its lack of preparedness and seriousness. Infrastructure development is key to progress and prosperity. As China remains engaged in improving connectivity in the neighborhood, there is a great optimism about BRI in Nepal. Against this background, this article looks at the significance of BRI, examines past attempts made at connectivity, responses to BRI and Nepal's participation in it.

Quest for the Middle Kingdom: the Political Effects of China’s Ambitions in the Belt and Road Initiative

2018 ◽  
Author(s):  
Matt McGregor
Keyword(s):  
Soft Power ◽  
Domestic Politics ◽  
International System ◽  
Unintended Consequences ◽  
Infrastructure Development ◽  
Belt And Road Initiative ◽  
Long Term Effects ◽  
Economic Relations ◽  
Belt And Road ◽  
The Belt And Road

The Belt and Road Initiative (BRI) is Chinese President Xi Jinping’s brand for economic infrastructure development and investment. The BRI offers significant strategic advantages to the PRC and many benefits to partner countries, and is intended to situate China at the centre of international trade. At the same time, unintended consequences of investment will impact local populations in key areas, including population displacement, environmental degradation, corruption, political upheaval, exploitation and violent conflict. While the BRI offers significant opportunities to both China and its partner countries in the initiative, relative Chinese military weakness, the limits of economic activity, underdeveloped soft power authority, energy dependency, terrorism and domestic politics will all either inhibit the BRI or remain vulnerable aspects of the Chinese national interest as projects move forward. The BRI has the potential to reshape the economic relations of the world, however the strategic limitations of the project do not indicate a short or mid-term upheaval of the international system in favor of China or an end to China’s political challenges at home and abroad. This essay views the realist and constructivist schools of international relations theory as the most useful way to understand the motivations and consequences of the BRI. The long term effects on the global balance of power will also be examined, especially in the context of Xi’s vision for China in 2050.

scholarly journals Cooperation between China and Central and Eastern European states within the framework of the Belt and Road Initiative and the ‘17+1’ mechanism

2021 ◽  
Vol 14 (2) ◽  
pp. 241-253
Author(s):  
Sergey Yun ◽  
◽  
Vitaly Pakulin ◽  
Keyword(s):  
Large Scale ◽  
European Countries ◽  
Infrastructure Development ◽  
Belt And Road Initiative ◽  
Main Hypothesis ◽  
Trade Routes ◽  
Multilateral Cooperation ◽  
Cooperation Mechanism ◽  
Belt And Road ◽  
The Belt And Road

The Belt and Road initiative (BRI) is a large-scale geo-economic project which is an integral part of China’s contemporary foreign policy. The foundation of this project is the vast network of trade and transport communications by land and sea that encompasses countries of the Eurasian continent as well as Africa. The European destination is a key link of the project: most of the transit ways of the BRI lead to the EU and European countries. The Central and Eastern Europe region (CEE) occupies a special place in China’s strategy of the implementation of the Belt and Road initiative: the countries of this region are located on the main trade routes from China to the most developed European countries. Moreover, the CEE countries are in dire need of investment and infrastructure development. In 2012 China launched a multilateral cooperation mechanism with 16 CEE countries (in 2019 the number of participants increased to 17 due to the accession of Greece). This article aims at analyzing the structure and functioning of the mechanism, key areas of activity within the framework of the Belt and Road initiative, and the problems and prospects of cooperation between China and the CEE countries. The main hypothesis of the work is that China uses the ‘17 + 1’ mechanism as a tool for establishing bilateral cooperation with selected countries of the region. Such an approach evokes criticism from the CEE states, as well as EU institutions. The current situation shows that China needs to make adjustments to its strategy for the implementation of the BRI initiative in the region. The authors used legislation and materials from official websites of EU institutions, China and the CEE countries’ government agencies, statistical data and analytical papers by international organizations, as well as material from news agencies.

Belt and Road Initiative

2019 ◽  
pp. 176-199
Author(s):  
Teo Poh Chuin
Keyword(s):  
Development Projects ◽  
Financial Risks ◽  
Infrastructure Development ◽  
Belt And Road Initiative ◽  
Human Capital Development ◽  
Mutual Cooperation ◽  
Belt And Road ◽  
High Level ◽  
Capital Development ◽  
The Belt And Road

With the aim of the Belt and Road Initiative in search of synergies with participating countries, infrastructure development projects are expected to arise incrementally and will be adapted accordingly to fulfil local regulatory requirements and needs. Malaysia embraces opportunities brought by the Belt and Road Initiative by penetrating deeper into overseas market with the availability of rail lines that will drive connectivity and foster economic growth. The potential of the Belt and Road Initiative lies not just within the infrastructure sector, but also offers plenty of opportunities for human capital development, which made available through technology transfer and knowledge sharing arising from the cooperation between China and Malaysia. While it is believed that Malaysia will experience a strong growth, this motion definitely requires a high level of mutual cooperation, understanding, and trust in managing regulatory, political, and financial risks, as well as challenges involved.

A New Multilateralism? A Case Study of the Belt and Road Initiative

2020 ◽  
Vol 8 (2) ◽  
pp. 384-413
Author(s):  
Jingyuan Zhou
Keyword(s):  
International Trade ◽  
Dispute Settlement ◽  
Infrastructure Development ◽  
Belt And Road Initiative ◽  
Dispute Settlement Mechanism ◽  
Belt And Road ◽  
Rule Setting ◽  
Rule Making ◽  
The Belt And Road ◽  
International Rule

Abstract The first five years (the first stage) of the Belt and Road Initiative (BRI) have drawn international attention and provoked scepticism and debate. This article explores questions about the nature of the BRI and its impact on multilateralism, which is increasingly fragile and under attack. After summarizing past practices employed in BRI investments, it analyses the characteristics of the BRI and assesses the results and implications. This article studies in depth one of the two primary BRI economic activities—special economic zones. The article introduces and compares the Asian Infrastructure Investment Bank and Chinese domestic banks in their respective financing practices and compares state-owned enterprises and privately owned enterprises in BRI practices. The article observes three characteristics from past BRI practices and analyzes their respective implications on the transformation of international trade governance. The first characteristic is the unconventional ‘infrastructure development first, institution next’ approach. The second is the plurilateral- and multilateral-focused method in international rule-setting processes. The third characteristic is innovation in the dispute settlement mechanism. Through a cautious examination, the article argues that experiences gained from BRI inform China’s international rule-making efforts and further its domestic trade liberalization reform agenda, which will likely contribute to the convergence of rule-making in international trade.

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