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Can the Silk Road Economic Belt Alleviate Economic Inequality in Countries Along the Route?

In: Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)

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  • Ziyi Ling

    (University of Michigan)

Abstract

The Belt and Road Initiative has achieved great success since it was proposed in 2013, providing many opportunities for the economic development of the countries along the route. The Silk Road Economic Belt has been effective and helpful in promoting the economic development of developing countries, consolidating the position, and increasing the competitiveness of the countries along the route in the international market, and alleviating the wealth gap. This paper constructs a multidimensional index system for measuring economic inequality and measures the extent of economic inequality of 20 countries along the Silk Road Economic Belt from 2010 to 2019 by using the entropy value method. This paper analyzes the impact of the Silk Road Economic Belt on the economic inequality of the countries along the route as well as the mechanism behind. The results show that the Silk Road Economic Belt achieves greater effect on alleviating economic inequality in countries in the European region than in Asian countries. Lastly, based on the findings of the study, the paper provides policy recommendations for the countries along the Silk Road Economic Belt.

Suggested Citation

  • Ziyi Ling, 2024. "Can the Silk Road Economic Belt Alleviate Economic Inequality in Countries Along the Route?," Advances in Economics, Business and Management Research, in: Kun Zhang & Hang Luo & Hongbo Li & Azlina Binti Md Yassin (ed.), Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024), pages 115-123, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-548-5_15
    DOI: 10.2991/978-94-6463-548-5_15
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