TITLE:
Belt and Road Initiative (BRI) of China: Connecting the World for Sustainable Economic Development
AUTHORS:
Md Rasel, Gaili Jiao, Shaheen Yusufzada, Bouasone Chanthamith, Ayrin Sultana
KEYWORDS:
BRI, Foreign Direct Investment, Sustainable Development, Economic Corridor, Cultural Exchange
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.8 No.1,
January
13,
2020
ABSTRACT: The aim of this article is to assess the effect of strategies of Belt and
Road Initiative (BRI) on sustainable economic development of member countries.
This study is based on qualitative approach and secondary data. A number of documents
such as journal articles, government reports, books, book
chapters and working papers have been consulted to substantiate the arguments.
The article explores that there is a potential effect of BRI on the sustainable
economic development of its member countries. Some of the member countries are
getting direct benefits from it and other countries are in the way of getting benefits through infrastructure development, trading, cultural exchanges and mutual political
agreements. It is empowering a number of developing countries through economic
development by linking economic corridors, seaport, roads and railway networks.
This article also finds that so many economic zones are planned to open in
member countries to get benefits from
BRI initiative by promoting infrastructure, energy, gas, oil and electricity,
roads, railways and other related projects.