The Belt and Road Initiative: Inclusive Globalization and Poverty Reduction

Q2 Economics, Econometrics and Finance Global Journal of Emerging Market Economies Pub Date : 2023-05-01 DOI:10.1177/09749101231167448
Pompeo Della Posta
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Abstract

The Belt and Road Initiative (BRI) aims to increase connectivity between regions and countries that market forces excluded from the previous wave of economic globalization. Foreign direct investment (FDI) can create the conditions for the economic takeoff of least-developed countries (LDCs) and developing countries. Although Chinese FDI has nearly doubled since the launch of the BRI in 2013 compared to 2005–2013, it does not seem to be directed toward BRI member countries more than the non-member countries. One exception is South American BRI member countries, which have significantly increased their FDI inflows from China. This is not the case, however, for West Asian countries, where FDI growth has been lower for BRI countries than for the West Asian countries as a whole, and especially for sub-Saharan BRI countries, for which the amount of FDI has even decreased compared to the 2005–2013 period. The BRI’s slow start and the countries’ gradual entry may explain the delay in seeing the positive results expected from it reflected in the data.
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“一带一路”倡议倡议:包容性全球化与减贫
“一带一路”倡议旨在加强被市场力量排除在前一波经济全球化之外的地区和国家之间的互联互通。外国直接投资可以为最不发达国家和发展中国家的经济起飞创造条件。尽管与2005-2013年相比,自2013年启动“一带一路”倡议以来,中国的外国直接投资几乎翻了一番,但似乎并没有比非成员国更多地流向“一带一步”倡议成员国。一个例外是南美“一带一路”倡议成员国,它们大幅增加了来自中国的外国直接投资流入。然而,对于西亚国家来说,情况并非如此,“一带一路”倡议国家的外国直接投资增长率低于整个西亚国家,尤其是撒哈拉以南“一带一道”倡议国家,与2005-2013年相比,这些国家的外国直接投资额甚至有所下降。“一带一路”倡议起步缓慢,各国逐渐加入,这可能解释了数据中未能反映出预期的积极成果。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Global Journal of Emerging Market Economies
Global Journal of Emerging Market Economies Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)
CiteScore
2.70
自引率
0.00%
发文量
27
期刊介绍: Global Journal of Emerging Market Economies is a peer-reviewed journal. The aim of the journal is to provide an international platform for knowledge sharing, discussion and networking on the various aspects related to emerging market economies through publications of original research. It aims to make available basic reference material for policy-makers, business executives and researchers interested in issues of fundamental importance to the economic prospects and performance of emerging market economies. The topics for discussion are related to the following general categories: D. Microeconomics E. Macroeconomics and Monetary Economics F. International Economics G. Financial Economics H. Public Economics I. Health, Education, and Welfare J. Labor and Demographic Economics L. Industrial Organization O. Economic Development, Innovation, Technological Change, and Growth Q. Agricultural and Natural Resource Economics • Environmental and Ecological Economics R. Urban, Rural, Regional, Real Estate, and Transportation Economics Additionally, the journal would be most interested to publish topics related to Global Financial Crisis and the Impact on Emerging Market Economies Economic Development and Inclusive Growth Climate Change and Energy Infrastructure Development and Public Private Partnerships Capital Flows to and from Emerging Market Economies Regional Cooperation Trade and Investment and Development of National and Regional Financial Markets The Belt and Road Initiative.
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