Belt and Road Initiative: Analysis of Possible Effects on Nigeria’s Economy

2018 ◽  
Vol 9 (06) ◽  
pp. 20475-20182
Author(s):  
Ige Ayokunle O ◽  
Akingbesote A.O
Keyword(s):  
Economic Growth ◽  
International Economic ◽  
International Cooperation ◽  
Economic Cooperation ◽  
Belt And Road Initiative ◽  
International Economic Cooperation ◽  
R Project ◽  
Belt And Road ◽  
The Relationship ◽  
The Belt And Road

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.

scholarly journals International Cooperation of Ukraine Tourism based on “The Belt and Road Initiative”

2020 ◽  
pp. 140-147
Author(s):  
Zhang Lianfeng ◽  
◽  
Yurii Danko ◽  
Chen Zhuanqing ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
International Cooperation ◽  
Tourism Industry ◽  
Belt And Road Initiative ◽  
Foreign Investors ◽  
One Belt One Road ◽  
International Projects ◽  
Belt And Road ◽  
The Belt And Road ◽  
Modern Technologies

The development of the tourism industry and the development of the country's economy as a whole complement each other, because an increase in the tourist attractiveness of the region and the number of tourists contribute to the development of the corresponding infrastructure - hotels, catering establishments, transport, roads. In addition, related sectors of agriculture and industry receive additional incentives for development. Along with the agriculture, tourism in Ukraine can become an engine of economic growth, because the country is quite interesting for both travelers and foreign investors. The purpose of this study is to assess the state of tourism development in Ukraine and substantiate the need for broader international cooperation in this area based on the use of the capabilities of the Belt and Road Initiative, formerly known as One Belt One Road. To confirm the hypothesis of the research, the authors use the provisions of the international cooperation theory, which is based on three questions: 1) what is the purpose of international cooperation? 2) What are the ways of international cooperation? 3) What is the value of international cooperation? The answers to these questions allowed the authors to substantiate the vision of the successful development of the tourism industry in Ukraine, taking into account its strengths and weaknesses. The priority steps for reforming the tourism industry in Ukraine have been identified. These steps involve state support, improvement and expansion of the range of tourist services, the introduction of modern technologies, and the adoption of the best practices of other countries. Tourism can become an effective tool for the dissemination of Ukrainian culture, economic growth in the country. Tourism will give an opportunity to represent Ukraine to the world, increasing the interest of foreign investors and encourage cooperation in international projects such as Belt and Road Initiative.

We Should Push Countries along “Belt and Road Initiative” to Build Green Supply Chain

2018 ◽  
Vol 01 (01) ◽  
pp. 1850006
Author(s):  
Jingyan Fu
Keyword(s):  
Supply Chain ◽  
International Cooperation ◽  
Green Supply Chain ◽  
Chinese Government ◽  
Belt And Road Initiative ◽  
Ecological Benefits ◽  
The People ◽  
Belt And Road ◽  
The Belt And Road

Building a green supply chain in the countries along the “Belt and Road Initiative” (BRI) route will not only generate huge economic and ecological benefits, it will also profit people in these countries and encourage the people in these countries to identify with the BRI as well as advance the development of this Initiative. Therefore, this research suggests the Chinese government taking the lead in jointly building a green supply chain with countries along BRI after the “Belt and Road Forum for International Cooperation” in July 2017.

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”.

scholarly journals Extent of the “Belt and Road” Initiative in Stimulating Economic Growth in Post-Soviet Central Asia

2021 ◽  
Vol 4 (3) ◽  
pp. 57-62
Author(s):  
Yiling Ding
Keyword(s):  
Economic Growth ◽  
Belt And Road Initiative ◽  
Asian Countries ◽  
Central Asian ◽  
Belt And Road ◽  
Central Asian Countries ◽  
Important Position ◽  
Soviet Central Asia ◽  
The Belt And Road ◽  
Five Central Asian Countries

As the “core area” of the “Silk Road Economic Belt,” the five Central Asian countries occupy an important position in the “Belt and Road” strategy. With the increase of China’s investment, the infrastructure of the five Central Asian countries has been continuously developing, economy persists to grow, and the people’s standards of living have been constantly improved. This article focuses on how the “Belt and Road” initiative has promoted the economic growth of the five Central Asian countries.

scholarly journals Has “The Belt and Road” initiative promoted regional economic growth and economic innovation?

2021 ◽  
Vol 275 ◽  
pp. 03020
Author(s):  
Ruolin Guo ◽  
Hongkai Zhao ◽  
Yingchu Zhang
Keyword(s):  
Economic Growth ◽  
Regional Economic Growth ◽  
Belt And Road Initiative ◽  
Difference In Differences ◽  
Regional Economic ◽  
Belt And Road ◽  
Economic Innovation ◽  
Good Policy ◽  
The Impact ◽  
The Belt And Road

The article regards “The Belt and Road” initiative as a quasi-natural experiment. Based on the county panel data from 1999 to 2017, difference-in-differences model (DID) is used to examine the impact of the “The Belt and Road” initiative on regional economic growth and economic innovation. The study found that the “The Belt and Road” initiative can significantly increase the economic growth and innovation of the region. Through the placebo test and the robustness test, it shows good policy uniqueness characteristics. The article further analyzes the heterogeneity of the initiative. The study found that the initiative has more obvious economic growth and innovation in the central region.

International Economic Coöperation at the Cross-Roads

1934 ◽  
Vol 28 (5) ◽  
pp. 807-824 ◽  
Author(s):  
S. H. Bailey
Keyword(s):  
International Economic ◽  
International Cooperation ◽  
Economic Cooperation ◽  
The Other ◽  
Concerted Action ◽  
The Third ◽  
International Economic Cooperation ◽  
History Of ◽  
Peace Settlement ◽  
The Great War

International concerted action by states in economic affairs, save in the sphere of communications and transport, has a history of little more than one generation's span. Indeed, apart from the three disconnected conventions concluded before the Great War at Brussels concerning sugar subsidies, the publication of customs tariffs, and the exchange of comparable commercial statistics, respectively, efforts for international coöperation between governments date only from the Peace Settlement. Of the pre-war agreements, the first was denounced before the War; the second, which might still prove of considerable importance when national tariffs become fairly stable, has proved ineffective in a period of violent tariff changes; while the third came into operation only in 1922.The movement, therefore, with the important exceptions in the sphere of communications and transport, owed its impetus to the work of the Peace Conferences; but save for Part XIII of the Versailles Treaty and the similar provisions of the other treaties—the labor clauses—no specific machinery was established by the treaties either within or without the framework of the Covenant for economic coöperation.

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