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China’s Belt and Road Initiative: Reducing or Increasing the World Uncertainties?
Ricardo C. S. Siu
2019-03
Source PublicationJournal of Economic Issues
ABS Journal Level2
ISSN0021-3624
Volume53Issue:2Pages:571-578
Abstract

Although worldwide poverty, a basic concern of John Kenneth Galbraith, is reducing on average, I argue that poverty remains a critical issue in many countries. This led the Chinese government to propose the Belt and Road Initiative (BRI) in 2013. Broadly, the BRI constructs a cross-continental nexus between countries to reduce their development uncertainties by increasing their connectivity. As a result, the Chinese government has invested trillions of infrastructure dollars in projects that have been introduced to the involved countries as sovereign debt along with the participation of Chinese multinational corporations. Although evidence has shown that this initiative is gaining increasingly more support from the less-developed countries, signs of uncertainty in various forms have clearly emerged. In light of such, I propose that possible in-country political instability, political conflicts among the participating countries, national debt defaults, and competition between China and the United States of America in regional influence may have added to the underlying uncertainties that have challenged the world.

KeywordBelt And Road Initiative (Bri) China Multinational Corporations Planned System Poverty Uncertainty
DOI10.1080/00213624.2019.1603774
Indexed BySSCI
Language英語English
WOS Research AreaBusiness & Economics
WOS SubjectEconomics
WOS IDWOS:000467950700034
Scopus ID2-s2.0-85065772014
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Citation statistics
Document TypeJournal article
CollectionDEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
Affiliationbusiness economics at the University of Macau (China)
First Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Ricardo C. S. Siu. China’s Belt and Road Initiative: Reducing or Increasing the World Uncertainties?[J]. Journal of Economic Issues, 2019, 53(2), 571-578.
APA Ricardo C. S. Siu.(2019). China’s Belt and Road Initiative: Reducing or Increasing the World Uncertainties?. Journal of Economic Issues, 53(2), 571-578.
MLA Ricardo C. S. Siu."China’s Belt and Road Initiative: Reducing or Increasing the World Uncertainties?".Journal of Economic Issues 53.2(2019):571-578.
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