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China-Europe Bri Connectivity: What’S Wrong, What’S Next

Author

Listed:
  • SARMIZA PENCEA

    (The Institute for World Economy, Romanian Academy)

Abstract

Connectivity is definitely a prerequisite of economic development and China has known and experienced that for millennia. To get rich, this country focussed on developing domestic infrastructure and it now goes further on, committing itself to building infrastructure networks at intercontinental level, under the Belt and Road Initiative (BRI). Naturally, China’s proposition to the other countries has embeded its national interests - which is perfectly acceptable up to a certain level – but, in practice, the Chinese companies’ actions have pushed their own interests much further, up to the point where their partners have come to the conclusion that the win-win promise of Chinese officials means nothing more than „China wins twice”, while for them, China-financed and implemented projects might rather equate with losses and risks. This paper looks at these issues, focussing on what’s wrong and trying to envision the way forward (what’s next).

Suggested Citation

  • Sarmiza Pencea, 2018. "China-Europe Bri Connectivity: What’S Wrong, What’S Next," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 6(2), pages 190-211, December.
  • Handle: RePEc:ntu:ntugeo:vol6-iss2-18-190
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    More about this item

    Keywords

    China; Europe; EU; CEE; BRI; OBOR; connectivity; infrastructure; sea ports; railways; investments; win-win;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • N74 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: 1913-
    • N75 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Asia including Middle East

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