Financial services and globalisation in belt and road countries

Hui-Shan Lee, Shyue-Chuan Chong and Bik-Kai Sia

The Service Industries Journal, 2022, vol. 42, issue 3-4, 249-276

Abstract: The forging of an affirmative image of the new Silk Road strategy in the international community has given rise to opportunities for financial services under the pressing trends of globalisation. The objective of this study was to examine the roles of financial development and globalisation on the economic growth of BRI countries in the twenty-first century Maritime Silk Road from various perspectives. The findings imply that insurance services are more important than banking services in influencing the growth of BRI countries; overall globalisation effects are beneficial to growth; and the impacts of financial services on growth tend to depend on aspects of globalisation.

Date: 2022
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DOI: 10.1080/02642069.2019.1576640

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The Service Industries Journal is currently edited by Eileen Bridges, Professor Domingo Ribeiro, Ronald Goldsmith, Barry Howcroft and Youjae Yi

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