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A multidisciplinary analysis of the Belt and Road Initiative

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Abstract

The paper sheds light on and critically analyses the Belt and Road Initiative, the most ambitious financial and infrastructural plan China is promoting, inter alia, to reinforce its geopolitical role in the new global governance. After an introductive section on the evolution of the Chinese economy in the past decades, section 2 describes the background of the Initiative, with a focus on infrastructural connectivity, promotion of industrialisation in the involved areas, and collection of the capitals to be allocated for its projects. Section 3 deals with the main challenges and emerging problems, emphasising the geopolitical reactions of China's neighbouring countries to the Initiative, the delicate issues of its financial sustainability in the long term, the connected macroeconomic policies, and the evolution path of the Renminbi toward a wider internationalisation, in addition to comments on the infrastructural development. Several conclusive remarks end the work.

Suggested Citation

  • Natan Colombo, 2018. "A multidisciplinary analysis of the Belt and Road Initiative," LIUC Papers in Economics 2018-5, Cattaneo University (LIUC).
    • Handle: RePEc:liu:liucec:2018-5
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    1. Tisdell, Clement A., 2008. "Thirty Years of Economic Reform and Openness in China: Retrospect and Prospect," Economic Theory, Applications and Issues Working Papers 90620, University of Queensland, School of Economics.
    2. Barry Naughton, 2007. "The Chinese Economy: Transitions and Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262640643, December.
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    1. Natan Colombo, 2024. "The treaties' dilemma : economic-based explanations of the Belt and Road Initiative's non-treaty-based configuration," LIUC Papers in Economics 2024-16, Cattaneo University (LIUC).

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