China’s Belt and Road Initiative: The Push for Economic Globalisation

2017 ◽  
Vol 09 (03) ◽  
pp. 69-75
Author(s):  
Hong YU

There is growing resentment towards globalisation in the West. The Chinese leadership has leveraged on the various international platforms to promote China’s approach to global economic development. Promotion of its “Belt and Road” initiative overseas marks China’s attempt to put its own stamp on globalisation. Nevertheless, China still has much to do domestically in promoting the open economy at home before it could be a credible leader of economic globalisation.

2020 ◽  
Vol 10 (4) ◽  
pp. 19
Author(s):  
William G. Dzekashu ◽  
Julius N. Anyu

The West, chiefly Europe, left political footmarks in Africa from the Colonial Era, along with varying economic footprints and surviving engagements in the immediate Post-colonial Era. However, the relationships between Africa and her former colonial masters have hardly yielded much to the former following the wave of independence, leading to the perception of failed relationships. This perception of failure to deliver on their undertakings has left Africa with only one option—China. The latter has been addressing some of Africa’s urgent infrastructure needs in return for natural resources and agricultural products. These engagements on the surface appear to be good business, but on further examination seem questionable notably as it relates to debt distress on vulnerable economies. To increase her footprint within the continent, China extended her Belt and Road Initiative (BRI) to most African nations who have signed a memorandum of understanding for future development projects. Though the commitments usually are unspecified, China’s investments have seen rapid growth since the early 2000s, largely owing to the implementation of the BRI. The memoranda have had the potential to strengthen ties with partner nations. The expansion to include Africa in its economic participation in the BRI has left the West questioning China’s motives while reinforcing suspicions about possible future US-China conflict. The impact of BRI on the African continent is quite visible in all the subregions, especially in their improved gross domestic products. A burning question has been whether these partnerships represent win-win relationships for sustainable growth or debt-growth dynamics.


2021 ◽  
Vol 04 (02) ◽  
pp. 2150010
Author(s):  
Baogang He

In recent years, a civilizational perspective as a part of geopolitical analysis is deployed to fuel geopolitical concern. China’s Belt and Road Initiative (BRI) has been viewed as a case of the clash of civilizations between the West and China. This paper scrutinizes the civilization-based geopolitical approach and analysis. It tests the “civilizational-clash” thesis beyond the Sinic–West relations through the cases of the Sinic–Islamic and Sinic–Hindu relations. An examination and comparison of different civilizational responses to the BRI helps us to develop a critical perspective to investigate the problems in the BRI, in particular the potential civilizational fault-lines along the BRI route. The paper rejects the simplistic version of civilization-based geopolitical analysis as insufficient, problematic, and even misleading. It has sought to refine and nurture a more sophisticated and rigorous approach to the complex connection between the BRI and civilization.


2020 ◽  
Vol 19 (1-2) ◽  
pp. 33-59
Author(s):  
T Tu Huynh

Abstract The article explores how the politics of South-South cooperation, namely between Africa and China, play out at the level of cultural subjectivity, implicating modes of affect and identities that are not captured by the more commonly employed binary framework of “friend” or “enemy.” It asks whether it is possible for the Africans and Chinese to imagine each other without the West as its geocultural dominance diminishes; and if so, how is this being made possible? As modes of transmitting and learning, cultural initiatives under the Forum on China-Africa Cooperation and “Belt and Road Initiative” provide a window into both people’s understandings of one another. While necessary for building people-to-people relations, the article, relying on an analysis of data collected from Chinese websites, argues that the state-sponsored cultural exchanges largely reify existing racialized ideas of “the African” and Orientalist views of “the Chinese.” However, building on Simbao’s (2019) point about artists’ works that “push back” against dominant discourse, the article further argues and demonstrates through the journey and works of three artists (Chinese, Kenyan, and Ghanaian) that radical imaginaries reflecting the inner states of acting subjects of China-Africa engagements are available in local cultural productions, uncompromising in communicating shared beliefs and posing challenges to power relations on multiple scales.


Significance Senior US officials see Communist-led China as the foremost threat to the United States. The Trump administration’s campaign against it spans the spectrum of government actions: criticism; tariffs; sanctions; regulatory crackdowns; military intimidation; support for Taiwan; and restrictions on imports, exports, investment and visas. Impacts Beijing will have little success in driving a wedge between Washington and its major Western allies. The West is unlikely to produce a convincing alternative to the Belt and Road Initiative (BRI). Negative public views of China incentivise China-bashing by politicians, which in turn feeds negative public opinion in a downward spiral. Beijing will persist in its efforts to encourage a more positive view of China among Western publics.


Author(s):  
Mirosław Antonowicz ◽  
Zbigniew Tracichleb

<p>The article presents the railway entity PKP LHS Sp. z o.o. and its role in the development of the New Silk Road. In consequence, the increase in traffic on the Silk Road with the participation of Polish companies translates into the economic development of the Lublin Province and the development of border crossings in that province. The importance of transport corridors and the participation of PKP LHS in the development of those corridors have been highlighted. Investment assumptions have been presented, the effects of which will be visible in a few years, strengthening the potential and economic capabilities of the province.</p>


2019 ◽  
Vol 22 (1) ◽  
pp. 38-51 ◽  
Author(s):  
Muhammad Ibrar ◽  
Jianining Mi ◽  
Muhammad Rafiq ◽  
Liaqat Ali

The China-Pakistan Economic Corridor (CPEC) is a well-crafted economic partnership between China and Pakistan which is expected to bring economic development and prosperity not only for the two neighboring countries but also for the whole South Asia. It is considered central to China-Pakistan relations and the CPEC will link Kashgar to Gawadar port through the extension of Silk Road initiative which is widely known as Belt and Road Initiative (BRI). With the investment of 46 billion US dollars, its completion is expected by 2030. CPEC is the most discussed and debated economic partnership and it has great geostrategic importance for Pakistan to counterbalance Indian influence in South Asia. However, the focus on geopolitical and location of the route has been dominated the important questions concerning “How Pakistan should ensure its economic benefit out of this mega project?” This paper, therefore, aims to develop a theoretical framework and put forward relevant recommendations on how Pakistan can ensure its economic benefits as compared to the forecasted economic and political benefits of China and the challenges ahead.


2019 ◽  
Vol 11 (21) ◽  
pp. 6143 ◽  
Author(s):  
Rashid Menhas ◽  
Shahid Mahmood ◽  
Papel Tanchangya ◽  
Muhammad Nabeel Safdar ◽  
Safdar Hussain

The restoration of the ancient Silk Road intends to reconnect China with Africa, the Middle East, and Europe through a railway network, airports, roads, seaports, and an optical fiber system. The Belt and Road Initiative (BRI) has three components. One Belt, One Road (OBOR) is based upon two parts of the BRI; the maritime Silk Road and the Silk Road economic belt. OBOR is based upon six economic corridors. The China-Pakistan Economic Corridor (CPEC) is the smartest corridor under OBOR, which passes only through Pakistan, and after completion, will provide a safe and cheap route for China to import oil and energy. CPEC is a multidimensional project under which much infrastructure development initiative has been started to improve the infrastructure and economic development of Pakistan. Infrastructure development is an essential requirement in economic growth, one which further leads to industrialization and is helpful in economic development. The present study was conducted in Pakistan and explored how infrastructure development under the CPEC is useful for the sustainable development of Pakistan, as well as which kind of infrastructure development projects have been included in the CPEC to improve the socio-economic paradigm of Pakistan. A sample of 500 respondents was selected through a multistage sampling technique from the two-node cities. A questionnaire survey was used to collect primary data. The results of the study show that the CPEC is a catalyst for Pakistan to improve its socio-economic conditions and to achieve sustainable development. The participants of the survey agreed that CPEC will improve the socio-economic paradigm of Pakistan and will be helpful in the achievement of sustainable development goals.


2019 ◽  
Vol 22 (1) ◽  
pp. 8-14
Author(s):  
Siu-kai Lau

Purpose The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) Strategy is an important component of the “Belt and Road Initiative” of China. The purpose of this Project is to develop the GBA into the most open, market-oriented and innovative pole of economic growth in China. The GBA Project provides Hong Kong with a rare opportunity to diversify its industrial structure and to move into a new and higher stage of economic development. Design/methodology/approach Being an integral part of the GBA, Hong Kong is expected and supported by the Central Government to develop into a hub of the Area, and, leveraging on Hong Kong’s status as an international metropolis, to connect the Area as a whole with the world. Findings China’s Guangdong-Hong Kong-Macao Greater Bay Area Project is a major national development strategy and is a major part of the Belt and Road Initiative. Hong Kong is going to play an important role in the Project and will benefit from it enormously in the future in terms of economic growth and the upgrading of its industrial structure. However, in order to take full advantage of participation in the Project, the way Hong Kong is governed, particularly the government's role in economic development, has to be modified significantly. Originality/value In order to take advantage of the Project, the Hong Kong SAR Government has to play a bigger and more proactive role in Hong Kong’s socioeconomic development and to strengthen its capacity to mobilize societal participation in the Project.


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