China's Belt and Road Initiative: Impacts on Asia and Policy Agenda

The Belt and Road Initiative (BRI) is Chinese President Xi Jinping's signature foreign and economic policy initiative to achieve improved connectivity, regional cooperation, and economic development on a trans-continental scale. This book reviews the evolving BRI vision and offers a benefit-risk assessment of its economic and geopolitical implications from the perspective of Asian stakeholder countries. It includes an online perception survey of opinion leaders and a computable general equilibrium model to estimate the potential macroeconomic impacts. The book makes ten key evidence-based policy recommendations to enhance the prospect of a successful and mutually beneficial BRI 2.0.

Format: Paperback / softback
Length: 186 pages
Publication date: 01 August 2021
Publisher: Springer Verlag, Singapore

The Belt and Road Initiative (BRI), officially launched in 2013, represents Chinese President Xi Jinping's visionary foreign and economic policy endeavor aimed at enhancing connectivity, fostering regional cooperation, and driving economic development across a vast transcontinental landscape. This comprehensive book delves into the evolving vision of the BRI and conducts a comprehensive benefit-risk assessment of its economic and geopolitical implications, focusing on the perspectives of Asian stakeholder countries. Employing a blend of qualitative and quantitative research methods, the book offers valuable insights into the BRI's potential benefits and challenges.

One of the key contributions of this work is an online perception survey of opinion leaders from Asian participating countries, providing a unique perspective on various aspects of the initiative. To the best of our knowledge, this survey is the first of its kind, shedding light on the attitudes and perceptions of key stakeholders regarding the BRI.

Furthermore, the book presents the results of a computable general equilibrium model of the world economy, which estimates the potential macroeconomic impacts of the BRI as a whole and its constituent overland and maritime economic corridors. This analytical approach provides valuable insights into the potential economic ripple effects of the BRI on global markets and economies.

In addition to its analytical findings, the book offers ten key evidence-based policy recommendations to enhance the prospects of a successful and mutually beneficial BRI 2.0. These recommendations cover a range of areas, including infrastructure development, trade facilitation, financial cooperation, and cultural exchange. By implementing these recommendations, China and stakeholder countries can work together to reap the benefits of the BRI while mitigating its potential risks and challenges.

Overall, this book serves as a valuable resource for policymakers, researchers, and stakeholders interested in understanding the evolving dynamics of the BRI and its potential implications for the region and the world. By examining the benefits and risks of the initiative, the book provides a roadmap for policymakers and stakeholders to navigate the complexities of the BRI and work towards a more inclusive and prosperous future.

Weight: 280g
Dimension: 210 x 148 (mm)
ISBN-13: 9789811551734
Edition number: 1st ed. 2020