THE DECENTRALIZING INTERNATIONAL TRADE ARCHITECTURE: PERSPECTIVES FROM AND ROLE OF ASIA

2020 ◽  
pp. 1-26
Author(s):  
PRADUMNA B. RANA ◽  
WAI-MUN CHIA ◽  
XIANBAI JI
Keyword(s):  
International Trade ◽  
Economic Governance ◽  
Regional Institutions ◽  
Bretton Woods ◽  
Belt And Road ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
The Belt And Road ◽  
Global Economic Governance

Global economic governance is in flux. The centralized international trade architecture of the post-Bretton Woods era is decentralizing as new regional institutions are being established for various reasons. Decentralization per se is neither good nor bad. It depends on whether there is “healthy” competition and functional complementarity or “unhealthy” competition between global and new regional institutions. This paper has three objectives, to: (i) review the decentralization of the international trade architecture; (ii) identify the benefits and the risks of the decentralization process and its implications for the centrality of the World Trade Organization (WTO), and (iii) recommend policies for the WTO to manage the process. The paper argues that, so far, the benefits of new regional institutions and trade decentralization appear to have outweighed the risks, and as a result global economic governance may have improved. Looking ahead, the paper recommends a number of policy actions that the WTO should take to manage trade decentralization. The paper argues that Asian countries, especially those that are members of the G20, should play a greater role in lobbying and driving the needed reforms of the WTO. They should also seek to expedite the conclusion and ratification of the Regional Comprehensive Economic Partnership (RCEP) and eventually institutionalize the complementarity between RCEP, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Belt and Road Initiative (BRI).

China’s Integration into the Global Economic System: Institutional Idiosyncrasies and Emerging Patterns

2020 ◽  
Author(s):  
Yuan Li ◽  
Markus Taube
Keyword(s):  
Economic System ◽  
Global Economy ◽  
International System ◽  
Institution Building ◽  
Economic Governance ◽  
The West ◽  
Economic Interaction ◽  
Belt And Road ◽  
The Belt And Road ◽  
Global Economic Governance

Since the—externally enforced—opening of China to the global economy in the mid-nineteenth century, China’s integration into the global economic system has been mostly determined by a passive adoption of norms and regulatory principles developed in the West. It is only in recent years, as China’s absolute and relative economic might in the global economic system has risen dramatically, that a more active Chinese approach toward the institutional ordering of global economic interaction can be observed. This chapter looks into the parameters of China’s integration into the international system, its role in global economic governance as well as the drivers of Chinese institution building in the context of the Belt and Road Initiative.

Way of Authoritarian Regional Hegemon? Formation of the RCEP From the Perspective of China

2021 ◽  
pp. 002190962110497
Author(s):  
In Tae Yoo ◽  
Charles Chong-Han Wu
Keyword(s):  
International Development ◽  
Significant Contribution ◽  
Early Years ◽  
Opinion Leaders ◽  
Investment Bank ◽  
Belt And Road ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
The Belt And Road ◽  
Form Region

How has China contributed toward the conclusion of the Regional Comprehensive Economic Partnership (RCEP)? The extant literature tends to either undervalue China’s role or emphasizes the absence of China’s willingness to realize the RCEP. However, it is difficult to form region-wide multilateral preferential trade agreements (PTAs), such as RCEP, without any significant contribution from a regional hegemon, such as China. This paper, thus, argues that China has contributed significantly toward the conclusion of RCEP by engendering incentives for member countries to join through multiple cooperative structures. These cooperative structures involve China-led bilateral PTAs and international development forums, which include the Belt and Road Initiative and Asian Infrastructure Investment Bank. With the gradual shift from bilateral to multilateral PTAs and forum-linkage strategies, China turned to be more assertive in concluding the RCEP than in the early years of RCEP negotiations, as evidenced by the discourse of political and opinion leaders.

INTERPRETATION OF SINO-RUSSIAN CULTURE AND HUMANITIES COOPERATION IN THE NEW ERA

2020 ◽  
Vol 10 (3) ◽  
pp. 186-193
Author(s):  
REN YANYAN ◽  
Keyword(s):  
Current Status ◽  
Human Relations ◽  
New Era ◽  
Russian Culture ◽  
The People ◽  
Starting Point ◽  
Cooperative Partnership ◽  
Belt And Road ◽  
The Belt And Road

The friendship between nations lies in the mutual affinity of the people, and the people’s affinity lies in the communion of hearts. The cultural and humanities cooperation between China and Russia has a long history. In recent years, under the role of the“Belt and Road” initiative, the SCO, and the Sino-Russian Humanities Cooperation Committee, Sino-Russian culture and humanities cooperation has continued to deepen. Entering a new era, taking the opportunity to promote Sino-Russian relations into a “new era China-Russia comprehensive strategic cooperative partnership”, the development of human relations between the two countries has entered a new historical starting point, while also facing a series of problems and challenges. This article is based on the current status of Sino-Russian human relations in the new era, interprets the characteristics of Sino-Russian human relations in the new era, analyzes the problems and challenges of Sino-Russian human relations in the new era, and tries to propose solutions and solutions with a view to further developing Sino-Russian cultural and humanities relations in the new era. It is a useful reference, and provides a reference for future related research, and ultimately helps the Sino-Russian cultural and humanities relations in the new era to be stable and far-reaching.

The role of logistics in promoting Italian agribusiness: The Belt and Road Initiative case study

2021 ◽  
Vol 108 ◽  
pp. 105560
Author(s):  
Fabio Carlucci ◽  
Carlo Corcione ◽  
Paolo Mazzocchi ◽  
Barbara Trincone
Keyword(s):  
Belt And Road Initiative ◽  
Belt And Road ◽  
The Belt And Road

scholarly journals How the Belt and Road Initiative Can Help Strengthen the Role of the SCO and Deepen China’s Cooperation with Russia and the Countries of Central Asia

2019 ◽  
Vol 75 (1) ◽  
pp. 56-68 ◽  
Author(s):  
Lu Na-Xi ◽  
Huang Meng-Fang ◽  
Lu Shan-Bing
Keyword(s):  
Central Asia ◽  
Free Trade Area ◽  
Asia Pacific ◽  
Regional Economic ◽  
Trade Area ◽  
Belt And Road ◽  
Shanghai Cooperation Organisation ◽  
Improved Model ◽  
The Belt And Road

China and Russia issued a joint statement on 8 May 2015 outlining the main approaches to linking the Silk Road Economic Belt (SREB) and the Eurasian Economic Union (EAEU) projects. Both parties believe that to build the ‘Belt and Road’ project, it is necessary to use economic integration laws and actively enhance the role of the Shanghai Cooperation Organisation (SOC) in stimulating regional economic cooperation, promoting construction of the SREB and linkage to and cooperation with the EAEU, creating a Free Trade Area (FTA) in the Asia-Pacific region (APR) and simultaneously begin creating a similar FTA among China, Russia and Central Asia to gradually stimulate interstate trade and promote regional economic development, actively developing—along with an improved model of energy cooperation—infrastructure and related industry and strengthening business contacts and jointly promoting construction of the SREB.

scholarly journals Selecting the Strategic Port of “the Belt and Road” Based on the Global Network

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-17
Author(s):  
Zihui Yang ◽  
Qingchun Meng ◽  
Chanjuan Li
Keyword(s):  
Clustering Algorithm ◽  
Geographical Location ◽  
Global Network ◽  
Stability And Control ◽  
Leading Role ◽  
Path Coverage ◽  
Belt And Road ◽  
And Control ◽  
The Belt And Road

Under “the Belt and Road” initiative, China promoted cooperation between domestic enterprises and international ports vigorously, which brought back fruitful results, while the rational selection of strategic pivots ports and the optimization of the layout of the port network are important guarantees to a further promotion to the economic development of “the Belt and Road” ports and give full play to the driving and radiation role of strategic pivots ports. On the basis of constructing a network of 155 ports in the world, according to the number of ports crossed by the shortest path and betweenness centrality in the network, this paper uses K-Medoids clustering algorithm to train the strategic importance of ports and verifies the reliability of the analysis results. On this basis, the joint coverage analysis of strategically important ports is carried out, 17 ports are identified as strategic pivots ports of the global port network, and, finally, based on the two attributes of “the Belt and Road” and “Chinese enterprise participation” of strategic pivots ports, the leading role of strategic pivots ports in geographical location, path coverage, development potential, cooperation stability, and control is analyzed, and instructive suggestions are put forward.

scholarly journals Impact of Transport Infrastructure on Gross Regional Products: Evidence from Chinese Provinces under the “Belt and Road Initiative”

2020 ◽  
Vol 2 (2) ◽  
pp. 23-45
Author(s):  
Jin-Hui Li ◽  
Chol-Ju An ◽  
Gwang-Nam Rim
Keyword(s):  
Economic Growth ◽  
Economic Benefits ◽  
Transport Infrastructure ◽  
Belt And Road Initiative ◽  
Regression Analyses ◽  
Belt And Road ◽  
Development Levels ◽  
The Impact ◽  
The Belt And Road

Purpose: This paper analyzes the impact of transport infrastructure on Gross Regional Products in Chinese provinces under the “Belt and Road Initiative”. Methods: The impact of the key elements of transport infrastructure on Gross Regional Products is analyzed based on the data related to development levels of transport infrastructure and economic development. Correlation and regression analyses were used for data analysis. Results: It is found that railways and highways, which are the key elements of transport infrastructure, have a strong correlation with Gross Regional Products, and their effects are diverse among provinces under study. Implications: The findings demonstrate the position and role of diverse infrastructural elements in enhancing the economic benefits of infrastructural investment and promoting economic growth. Thus, it is expected to facilitate decision-making related to infrastructural investment under the “Belt and Road Initiative”.

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