Since its inception, China’s Belt and Road Initiative (BRI) has attracted international attention. This striving initiative has been perceived as key to reforming China’s economic strategy and enhancing global investment. The BRI’s economic approach has seen immense infrastructure programme investment, which has entailed the development of new roads and railways, and the connection of sea routes. The overall aim of this economic development plan is to foster connectivity and cooperation in the global world. This initiative has been frequently labelled the “21st century silk road”, which is formulated as a “belt” in terms of “overland corridors” and a “road” in terms of “shipping lanes” (Kuo and Kommenda, 2018). Through a geopolitical lens, the authors of this chapter examine the interlocking economic matters of the BRI from a global perspective. Furthermore, the authors demonstrate that the BRI project is the next logical step in China’s modernization project.
|Title of host publication||Handbook of Research on Special Economic Zones as Regional Development Enablers|
|Editors||Paulo Figueiredo, Francisco José Leandro, Yichao Li|
|Number of pages||21|
|ISBN (Print)||9781799876199, 9781799876205|
|Publication status||Accepted/In press - 14 Sep 2021|