Inclusive globalization: unpacking China's Belt and Road Initiative. Issue 3 (3rd November 2016)

• Record Type: Journal Article
• Authors: Liu, Weidong; Dunford, Michael
• Is Part Of: Area development and policy. Volume 1:Issue 3(2016)
• Page Start: 323
• Page End: 340
• Publication Date: 2016-11-03
• Subjects: Silk Road -- inclusive globalization -- developmental state -- foreign direct investment (FDI) -- China -- Eurasia; F02 -- F5 -- F21 -- H1 L9 -- O1; 丝绸之路 -- 包容性全球化 -- 发展型国家 -- 外商直接投资 -- 中国 -- 欧亚大陆; Ruta de la Seda -- globalizació -- n integradora -- estado de desarrollo -- inversió -- n extranjera directa (IED) -- China -- Eurasia; Шелковый путь -- всеохватывающая глобализация -- государство развития -- прямые зарубежные инвестиции (ПЗИ) -- Китай -- Евразия; Regional planning -- BRIC countries -- Periodicals; Economic development -- BRIC countries -- Periodicals; Rural-urban relations -- BRIC countries -- Periodicals; Human geography -- BRIC countries -- Periodicals; Regional planning -- Developing countries -- Periodicals; Economic development -- Developing countries -- Periodicals; Rural-urban relations -- Periodicals; Human geography -- Developing countries -- Periodicals; 338.90091724
• DOI: 10.1080/23792949.2016.1232598
• Languages: English
• ISSNs: 2379-2949

Abstract

ABSTRACT: China's Belt and Road Initiative (BRI) is a call for an open and inclusive (mutually beneficial) model of cooperative economic, political and cultural exchange (globalization) that draws on the deep-seated meanings of the ancient Silk Roads. While it reflects China's rise as a global power, and its industrial redeployment, increased outward investment and need to diversify energy sources and routes, the BRI involves the establishment of a framework for open cooperation and new multilateral financial instruments designed to lay the infrastructural and industrial foundations to secure and solidify China's relations with countries along the Silk Roads and to extend the march of modernization and poverty reduction to emerging countries.