scholarly journals Development beyond aid: Utilizing comparative advantage in the belt and road initiative to achieve win-win

2017 ◽  
Vol 1 (2) ◽  
pp. 149 ◽  
Author(s):  
Justin Yifu Lin ◽  
Yan Wang
Keyword(s):  
Comparative Advantage ◽  
High Speed ◽  
Broad Context ◽  
Belt And Road Initiative ◽  
Development Finance ◽  
Comparative Advantages ◽  
Belt And Road ◽  
The Belt And Road ◽  
New Structural Economics

Against the backdrop of anti-globalization rhetoric, this paper summarizes our joint book entitled Going Beyond Aid (Lin and Wang 2017) and discusses the prospects for development finance in the broad context of Belt and Road Initiative (BRI). Based on the New Structural Economics (Lin 2010, 2011), here we focus on China’s demonstrated comparative advantages in infrastructure, e.g. in hydropower, and high-speed railways (HSR). In addition, long term orientation (LTO) and patient capital are latent comparative advantages that many Asian economies possess, and are critical for the Belt and Road Initiative. Only if these comparative advantages are utilized can these economies cooperation potentially to achieve win-win.

The Belt and Road Initiative: Goals and Challenges

2020 ◽  
pp. 167
Author(s):  
Adnan Khalaf i Hammed Al-Badrani ◽  
Hind Ziyad Nafeih
Keyword(s):  
Development Strategy ◽  
Soft Power ◽  
Oil And Gas ◽  
Power Lines ◽  
Belt And Road Initiative ◽  
Belt And Road ◽  
Ancient Silk Road ◽  
Main Engine ◽  
The Belt And Road

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.

scholarly journals Chińska inicjatywa pasa i szlaku a ryzyko zadłużenia jej beneficjentów

2020 ◽  
Vol 5 (2) ◽  
Author(s):  
Paula Tomaszewska
Keyword(s):  
International System ◽  
Research Problem ◽  
Global Supply Chains ◽  
Belt And Road Initiative ◽  
Scientific Goal ◽  
The World ◽  
Belt And Road ◽  
Infrastructure Investments ◽  
The Belt And Road

Chinese Belt and Road initiative (BRI) is not only an economic or political project, but also has the potential to transform the international system. The initiative‘s impact is large – from stimulating the financing of infrastructure investments in various countries around the world to the development of new global supply chains. The scientific goal of the article is to analyze the consequences of implementing the initiative. The research problem is included in the following question: does the Belt and Road Initiative contribute to increasing Chinese influence in the world and carries the risk of driving poorer countries into the ―debt trap‖? The conclusion from the article is that China should create an improved version of the BRI initiative based on a better risk assessment of the current projects. Infrastructure investments, if not carefully implemented and controlled, may lead to consequences, such as increasing the debt of some countries in the long term.

GMS Economic Corridors Under the Belt and Road Initiative

2019 ◽  
Vol 1 (2) ◽  
pp. 183-206
Author(s):  
Masami Ishida
Keyword(s):  
High Speed ◽  
Yunnan Province ◽  
Lao Pdr ◽  
The Other ◽  
Transport Infrastructure ◽  
Belt And Road Initiative ◽  
Other Hand ◽  
Belt And Road ◽  
The Government ◽  
The Belt And Road

The government of China promotes the development of expressways and high-speed expressways in Greater Mekong Subregion (GMS) and tries to connect the major cities of the subregion and Kunming under the Belt and Road Initiative (BRI). First, this article reviews the development schemes in the subregion including GMS economic cooperation and the BRI. Next, it introduces the development of the transport infrastructure, including expressways and high-speed railways, connecting Kunming and Lao People’s Democratic Republic (Lao PDR), Thailand, Myanmar and Vietnam. Thereafter, it compares the total costs of the projects and how other GMS countries negotiate with China. Seeing the sections of the expressways and railways in Yunnan Province, the shares of some sections occupied by bridges and tunnels are higher than 20 per cent due to the mountainous land feature of Yunnan Province. On the other hand, the railway in Lao PDR passes through the mountainous areas, and they adopted higher specification as same as in Yunnan Province. Consequently, the debt-default risk of Lao PDR has increased. On the other hand, Thailand repeated tough negotiations with China and made efforts not to increase the total cost. The negotiations of Lao PDR and Thailand with China are illustrated in this article. JEL Codes: O18, R10, R41, R58

International competitiveness of China’s biomass products: a CMS and RCA analysis

2019 ◽  
Vol 14 (3) ◽  
pp. 609-623
Author(s):  
Jing Shuai ◽  
Fubin Huang ◽  
Zhihui Leng ◽  
Xin Cheng
Keyword(s):  
International Competitiveness ◽  
Biomass Energy ◽  
Policy Implications ◽  
Belt And Road Initiative ◽  
Market Demand ◽  
Content Type ◽  
Comparative Advantages ◽  
Belt And Road ◽  
Energy Products ◽  
The Belt And Road

Purpose This paper aims to estimate the international competitiveness of China’s biomass energy products during 2007-2016 in the context of the Belt and Road Initiative. Design/methodology/approach In this paper, the authors used the constant market share model and the revealed comparative advantage index to analyze the evolution trend of China’s biomass products’ international competitiveness during the past decade from 2007 to 2016 based on the market structure of the Belt and Road Initiative. Findings The results show that: China’s major biomass energy products have no comparative advantages in the world market, nevertheless, their international competitiveness is on the rise; China’s biomass energy products have been agglomerated to the regional markets where the market demand growth is fast in the Belt and Road countries; and the unreasonable structure is an important factor influencing the international competitiveness of China’s biomass exports. Originality/value The authors analyzed the international competitiveness of China’s biomass energy products based on the “Belt and Road Initiative” with all the trading items, in an effort to propose policy implications for enhancing the comparative advantages of China’s biomass products in the international market especially in the Belt and Road regions.

DOES THE BELT AND ROAD INITIATIVE RESHAPE CHINA’S OUTWARD FOREIGN DIRECT INVESTMENT IN ASEAN? SHIFTING MOTIVES OF STATE-OWNED AND PRIVATE-OWNED ENTERPRISES

2020 ◽  
pp. 1-23
Author(s):  
SHI JIN ◽  
HU XIAOHUI ◽  
LI YUNXIONG ◽  
FENG TAO
Keyword(s):  
Natural Resources ◽  
Direct Investment ◽  
Belt And Road Initiative ◽  
Conditional Logit ◽  
Before And After ◽  
Belt And Road ◽  
Asean Countries ◽  
The Belt And Road ◽  
Socio Economic Factors

In recent years, China has been increasingly witnessed as a major global outward investor, especially since the launch of the Belt and Road Initiative (BRI) in 2013. The question of whether and if yes how the BRI reshapes firm outward investment motives remains under-researched. Using a project-level database of China’s Outward Direct Investment from the Ministry of Commerce from 2010 to 2015, this paper investigates the changing investment motives of state-owned and private-owned enterprises (SOEs and POEs) before and after the implementation of the BRI in two periods, namely 2010–2013 and 2014–2015. Our conditional logit models show that (1) market-seeking is one of the key motives for both POEs and SOEs; (2) POEs pursued natural resources in ASEAN based on geographical and relational proximity in the pre-BRI period while SOEs are directed to exploit natural resources in ASEAN besides remoter destinations after the launch of the BRI; (3) POEs are risk-taking in both periods, which runs counter to conventional expectations. This can be explained by the long-term investment tradition of POEs in ASEAN in which POEs are attracted predominantly by socio-economic factors and often less sensitive to variegated host institutions among ASEAN countries and (4) the BRI promotes Chinese OFDI in ASEAN through increased senior leader visits and enhanced diplomatic relations.

scholarly journals Comparative Advantages of Free Trade Port Construction in Shanghai under the Belt and Road Initiative

2020 ◽  
Vol 8 (1) ◽  
pp. 6
Author(s):  
Hao Hu ◽  
Shufang Wang ◽  
Jin-liao He
Keyword(s):  
Free Trade ◽  
Institutional Innovation ◽  
Free Trade Zone ◽  
Belt And Road Initiative ◽  
Free Trade Zones ◽  
Comparative Advantages ◽  
Belt And Road ◽  
Trade Port ◽  
The Belt And Road ◽  
Opening Up

As China’s opening-up grows wider under the Belt and Road Initiative, the exploration and construction of free trade ports have received increasing attention. In 2018, China’s first free trade port was settled in Hainan instead of Shanghai. In 2019, after the Lingang New Area of China (Shanghai) Pilot Free Trade Zone was approved by the central government, six new pilot free trade zones were launched in Shandong, Hebei, Heilongjiang, Jiangsu, Yunnan, and Guangxi provinces. As the bridgehead of the Belt and Road Initiative, Shanghai established the first and biggest pilot free trade zone in China and gained the priority of institutional innovation exploration in Lingang New Area. Whether and how Shanghai will lead the construction of free trade ports and the new round of higher-level opening-up has become a research agenda that requires further study. Based on the document analysis, competition analysis and factor analysis in this paper, the following results were drawn out: (1) The construction of a free trade port is an upgrade of the 18 free trade zones and the 50 cities involved, and it needs more high-level opening-up, more sophisticated services, more rigorous supervision, and more professional talent; (2) With its geographical location, economic foundation, development support, and industrial services, Shanghai has the potential, foundation, and momentum to explore institutional innovation in the construction of pilot free trade zones and free trade port; (3) Development basis, port shipping, talent attraction, service support, risk supervision and control are the five major comparative advantages and the important driving factors that need to be considered in exploring and leading the construction of China’s free trade port under the higher quality development of the Belt and Road Initiative.

The Prospect of Belt and Road Initiative in the Context of Bangladesh

China Report ◽  
2020 ◽  
Vol 56 (4) ◽  
pp. 464-483
Author(s):  
Rubiat Saimum
Keyword(s):  
Qualitative Approach ◽  
Primary Sources ◽  
The Political ◽  
Collaborative Effort ◽  
Belt And Road Initiative ◽  
Economic Issues ◽  
Economic Basis ◽  
Belt And Road ◽  
The Belt And Road

The purpose of this article is to examine the prospect of the Belt and Road Initiative (BRI) from the perspective of Bangladesh. The article investigates fundamental aspects of China’s economic involvement in Bangladesh to understand the geo-economic basis of the initiative. In this respect, the objective and motivation behind Chinese involvement in Bangladesh’s economy are studied, and the political and economic challenges emanating from the participation of the latter country in the initiative are outlined. Methodologically, this research adopts a qualitative approach and relies on primary sources to collect data. It concludes with an observation that Chinese investments through BRI could, in the long term, be advantageous for Bangladesh’s economy as long as the regional and economic issues associated with the initiative are appropriately dealt with. Besides, it suggests that the success of the initiative in South Asia, as well as in Bangladesh, requires a collaborative effort from all the states of the region on functional issue areas such as trade and connectivity.

Geographies of infrastructure III: Infrastructure with Chinese characteristics

2021 ◽  
pp. 030913252110336
Author(s):  
Kathryn Furlong
Keyword(s):  
Urban Growth ◽  
Critical Infrastructure ◽  
Progress Report ◽  
Belt And Road Initiative ◽  
Chinese Characteristics ◽  
Belt And Road ◽  
State Projects ◽  
Infrastructure Studies ◽  
The Belt And Road

For 25 years, China has staked its development on domestic and global infrastructure expansion. This third progress report on geographies of infrastructure explores what China’s far-reaching infrastructure venture means for critical infrastructure studies. Reviewing China’s infrastructure-driven urban growth, the Belt and Road Initiative and their links, three recommendations are advanced: (1) a reengagement with the state that takes its geographical and temporal diversity seriously, (2) an approach to infrastructure as part of a complex network of state projects with long-term ends, and (3) a concern with infrastructures of repression and confinement in wider processes of making things ‘flow’.

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