China’s Belt and Road Initiative: A Global Model for an Evolving Approach to Sustainable Regional Development

Muhammad Khalil Khan, Imran Ali Sandano, Cornelius B. Pratt and Tahir Farid
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Muhammad Khalil Khan: College of Media and International Culture, Zhejiang University, 866 Yuhangtang Road, Hangzhou 310058, China
Imran Ali Sandano: Department of International Relations, University of Sindh, Jamshoro 76080, Pakistan
Cornelius B. Pratt: Lew Klein College of Media and Communication, Temple University, Philadelphia, PA 19122, USA
Tahir Farid: Department of Applied Psychology & Behavioral Science, Zhejiang University, 866 Yuhangtang Road, Hangzhou 310058, China

Sustainability, 2018, vol. 10, issue 11, 1-20

Abstract: China’s Belt and Road Initiative (BRI) is a cornucopia of international projects that offer mammoth opportunities for more economic cooperation and deeper regional integration primarily among emerging economies. BRI is providing new drivers of sustainable economic growth in China and of cross-border trade, along with the reimagined land and “Maritime Silk Road”. The initiative focuses on restoring global balance and on expanding universally beneficial and inclusive relationships. This article argues that the forces of globalization are so pivotal to Eurasia, where development opportunities can propel the region toward a more comprehensive socioeconomic integration, that governments in that region need to provide more support that ensures the continuing success of BRI. In essence, BRI is a critical tool for peaceful development that is resulting in massive investments in infrastructure, that is facilitating economic development, and that is promoting shared governance. This article provides theoretical perspectives on BRI as a beachhead for sustainable regional development. It also highlights BRI programs and projects that have emerged as an internal and external policy framework for an openly inclusive “win–win” cooperation model based on shared development and on communities of shared interests.

Keywords: Belt and Road Initiative; shared development; shared future; shared globalization (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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