Investment Opportunities and Risks of the Belt and Road Initiative
1st Edition
Published on 23. August 2023
350 pages
978-1-5275-1084-5 (ISBN)
Description
The Belt and Road Initiative (BRI) is an ambitious infrastructure construction program designed and financially supported by the Chinese government. It spans the globe and is active in about 150 countries, affecting the international order, government policies, and ordinary people's daily lives. The BRI uses a version of China's domestic development model, set in an international environment. Using a wealth of documents, cases, multi-country input-output models, and a project database created by the authors, this book provides a complete picture of the BRI: its benefits, risks, and implications. The book explores the institutional roots of the problems of the BRI (including debt problems), argues that the debt problem is a soft budget constraint problem, and discusses the redesign and reorganising of its future versions. This book aims to help policymakers, researchers, students, and everyone interested in political science, economics, and country-specific research to understand and rethink the advantages and risks of the BRI.
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Fan Zhang | Lisa Zhang
The Investment Opportunities and Risks of the Belt and Road Initiative
Book
08/2023
Cambridge Scholars Publishing
€110.36
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Content
- Intro
- Contents
- Preface
- List of Illustrations
- List of Tables
- Abbreviations
- Introduction
- Acknowledgements
- 1
- 1.1 Ancient Silk Road
- 1.2 Modern Silk Road
- 1.3 Motivation and Strategic Design
- 2
- 2.1 A Brief Review of the History of Modern China
- 2.2 The Chinese Model
- 2.3 China's Foreign Aid in General
- 3
- 3.1 Organisation
- 3.2 Scope and Scale of the BRI
- 3.3 Administration of the Programme
- 3.4 Implementation of the Programme
- 3.5 BRI Projects: An Overview
- 3.6 Major SOEs and Non-SOEs Involved in the BRI
- 4
- 4.1 Investments
- 4.2 Trade
- 4.3 Major Problems of the BRI
- 4.4 Effects of the BRI
- 5
- 5.1 Growth Theory
- 5.2 A Theory of Infrastructure Investment
- 5.3 Unbalanced Global Production
- 5.4 Unbalanced World Trade
- 5.5 Unbalanced Global Investment
- 5.6 An Input-Output Analysis of the BRI
- Appendix
- 6
- 6.1 The Nature of State-Guaranteed Finance
- 6.2 Financial Institutions Involved
- 6.3 Financial Tools
- 6.4 Renminbi Internationalisation
- 7
- 7.1 Advantages
- 7.2 Risks
- 8
- 8.1 A Sample of BRI Projects
- 8.2 A Statistical Analysis of the BRI Database
- 9
- 9.1 South-East Asia, East Asia and Oceania
- 9.2 South Asia
- 9.3 Central Asia
- 9.4 The Middle East
- 9.5 Former Soviet Union Countries (Except Five Central Asian Countries)
- 9.6 Eastern and Southern Europe
- 9.7 Africa
- 9.8 Latin America
- 10
- 10.1 Overall Impacts on the Chinese Domestic Economy
- 10.2 Impacts of Competition Among Chinese Local Economies
- 11
- 11.1 US Wary About China's New Role As Aid-and-Loan Provider
- 11.2 Europe Aligns with the US and Creates Mirroring Plans
- 11.3 "Asia-Pacific" Becomes "Indo-Pacific" to Counterbalance China in the Region
- 11.4 Africa Becomes Major Stage for Competition
- 11.5 China's Entry into Latin America Puts US on Edge
- 12
- Bibliography
- Appendix
- Index
