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

Donald J. Lewis (), Xiaohua Yang (), Diana Moise () and Stephen John Roddy ()
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Donald J. Lewis: China University Political Science and Law
Xiaohua Yang: University of San Francisco
Diana Moise: Debevoise & Plimpton LLP
Stephen John Roddy: University of San Francisco

Journal of International Business Policy, 2021, vol. 4, issue 1, No 4, 58-79

Abstract: 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.

Keywords: Sustainable Development Goals; UN 2030 Agenda; Belt and Road Initiative; BRI-SDGS; infrastructure investment; sustainable investment; ecological civilization (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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DOI: 10.1057/s42214-020-00082-6

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