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Dynamic synergies between China’s Belt and Road Initiative and the UN’s Sustainable Development Goals

Author

Listed:
  • Donald J. Lewis

    (China University Political Science and Law
    University of San Francisco)

  • Xiaohua Yang

    (University of San Francisco)

  • Diana Moise

    (Debevoise & Plimpton LLP)

  • Stephen John Roddy

    (University of San Francisco)

Abstract

This study examines the dynamic evolving synergies between the UN’s Sustainable Development Goals (SDGs) and China’s Belt and Road Initiative (BRI). This is among the first studies to present an in-depth comparative treatment and evaluation of these monumental change-oriented undertakings in terms of their interlinks, complementarities, and synergistic potential to mobilize and transform public policy and managerial decision-making in the pursuit of sustainable development. In our study, we identify BRI focus areas, goals, and modalities and explore their manifold interactions with the 17 SDGs, including by reference to dozens of recent BRI and AIIB projects. Our findings strongly suggest ongoing alignment and convergence between the SDGs and BRI, as exemplified by the recent overt inclusion of BRI within the UN’s 2030 Agenda. However, realization of such promising synergies hinges on several variables, including the geopolitical and public health environments, the adoption of more holistic trade and investment strategies, and greater openness and inclusiveness towards non-Chinese and local businesses, particularly regarding their participation in BRI sustainable infrastructure investment projects. Public policy efforts will be essential to steer BRI in more open, liberal, and integrative directions so that BRI can function optimally as an effective vehicle for achievement of the SDGs.

Suggested Citation

  • Donald J. Lewis & Xiaohua Yang & Diana Moise & Stephen John Roddy, 2021. "Dynamic synergies between China’s Belt and Road Initiative and the UN’s Sustainable Development Goals," Journal of International Business Policy, Palgrave Macmillan, vol. 4(1), pages 58-79, March.
    • Handle: RePEc:pal:joibpo:v:4:y:2021:i:1:d:10.1057_s42214-020-00082-6
    DOI: 10.1057/s42214-020-00082-6
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    References listed on IDEAS

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    1. Shujiro Urata, 1993. "Japanese Foreign Direct Investment and Its Effect on Foreign Trade in Asia," NBER Chapters, in: Trade and Protectionism, pages 273-304, National Bureau of Economic Research, Inc.
    2. Doh, Jonathan & Husted, Bryan W. & Yang, Xiaohua, 2016. "Guest Editors’ Introduction: Ethics, Corporate Social Responsibility, and Developing Country Multinationals," Business Ethics Quarterly, Cambridge University Press, vol. 26(3), pages 301-315, July.
    3. Jan Anton van Zanten & Rob van Tulder, 2018. "Multinational enterprises and the Sustainable Development Goals: An institutional approach to corporate engagement," Journal of International Business Policy, Palgrave Macmillan, vol. 1(3), pages 208-233, December.
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    Cited by:

    1. Rob Van Tulder & Suzana B. Rodrigues & Hafiz Mirza & Kathleen Sexsmith, 2021. "The UN’s Sustainable Development Goals: Can multinational enterprises lead the Decade of Action?," Journal of International Business Policy, Palgrave Macmillan, vol. 4(1), pages 1-21, March.

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