scholarly journals The trade network of the Belt and Road Initiative and its topological relationship to the global trade network

2018 ◽  
Vol 28 (9) ◽  
pp. 1249-1262 ◽  
Author(s):  
Zhouying Song ◽  
Shuyun Che ◽  
Yu Yang
Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-15
Author(s):  
Jianjun Xu ◽  
Xiaowei Yang ◽  
Asif Razzaq

Humanistic factors have been playing increasingly significant roles in international trade. Recently, the Belt and Road Initiative (BRI) proposed by China has drawn worldwide attention. This paper examines the roles of humanistic factors in international trade networks across the BRI countries. Firstly, we analyzed the structural characteristics of the import trade network across the 61 BRI countries and subsequently adopted the cross-sectional exponential random graph model (ERGM) and temporal ERGM to analyze the role of different humanistic factors in the evolution of import trade network from the static and dynamic perspectives, respectively. The results show the following: (I) the network scale of the import trade across the BRI countries has been expanding, the network density of the trade has been increasing gradually, and the “small-world” characteristics of import network are gradually revealed; (II) all of the factors such as a common (official or spoken) language, a common legal origin, a common religious belief, and ever sibling relationship help the BRI countries establish closer import trade ties; and (III) the differences of trade liberalization and financial liberalization, gross domestic product (GDP), and population in different countries also contribute to the evolution of import trade network among the BRI countries, and the countries with relatively higher GDP and greater population are more active in the import trade network.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Julio Rojas-Mora ◽  
Felipe Chávez-Bustamante ◽  
Cristian Mondaca-Marino

PurposeThe purpose of this paper is to evaluate Chinese indirect trade relations in the global trade network to observe if the objectives identified by Cai (2017) in the Belt and Road Initiative (BRI) are being fulfilled, especially with Latin America and the Caribbean (LAC) countries.Design/methodology/approachUsing data from the UNCTAD (2016) for the period 2011–2015, a normalized exports network is built. It is analyzed with the Forgotten Effects Theory and the PageRank algorithm. A Monte Carlo experiment with 10,000 replicates is performed to account for its volatility.FindingsThe paper identifies one instance in which China's peripheral countries are importing raw materials and commodities -–oil products – to produce low technological value-added products, which, in turn, are exported to China. LAC countries do not have significant indirect trade relations with China when the former is the origin country, while the latter is the destination in a trade relationship. The trade network has a clear core-periphery structure, with China belonging to its core, although being only the fourth most central node in the network.Originality/valueThis paper contributes with both a new methodology for the analysis of indirect trade relations and the results found for China under the BRI and its trade relationship with LAC economies.


2019 ◽  
pp. 47-71
Author(s):  
Petr M. Mozias

China’s Belt and Road Initiative could be treated ambiguously. On the one hand, it is intended to transform the newly acquired economic potential of that country into its higher status in the world. China invites a lot of nations to build up gigantic transit corridors by joint efforts, and doing so it applies productively its capital and technologies. International transactions in RMB are also being expanded. But, on the other hand, the Belt and Road Initiative is also a necessity for China to cope with some evident problems of its current stage of development, such as industrial overcapacity, overdependence on imports of raw materials from a narrow circle of countries, and a subordinate status in global value chains. For Russia participation in the Belt and Road Initiative may be fruitful, since the very character of that project provides us with a space to manoeuvre. By now, Russian exports to China consist primarily of fuels and other commodities. More active industrial policy is needed to correct this situation . A flexible framework of the Belt and Road Initiative is more suitable for this objective to be achieved, rather than traditional forms of regional integration, such as a free trade zone.


2018 ◽  
Vol 9 (06) ◽  
pp. 20475-20182
Author(s):  
Ige Ayokunle O ◽  
Akingbesote A.O

The Belt and Road initiative is an important attempt by China to sustain its economic growth, by exploring new forms of international economic cooperation with new partners. Even though the B&R project is not the first attempt at international cooperation, it is considered as the best as it is open in nature and does not exclude interested countries. This review raised and answered three questions of how the B&R project will affect Nigeria’s economy?  How will it affect the relationship between Nigeria and China? What could go wrong?, The review concluded that Nigeria can only benefit positively from the project.


Author(s):  
Adnan Khalaf i Hammed Al-Badrani ◽  
Hind Ziyad Nafeih

The Belt and Road Initiative is an initiative to revive the ancient Silk Road, through networks of land and sea roads, oil and gas pipelines, electric power lines, the Internet and airports, to create a model of regional and international cooperation.       It is essentially a long-term development strategy, launched by the Chinese president in 2013 to become the main engine of Chinese domestic policy and foreign diplomacy and within the framework of the soft power strategy, to enhance its position and influence in the world as a peaceful and responsible country.   The study includes identifying the initiative and setting goals for China, as well as the challenges and difficulties that hinder the initiative.


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