Prof. Yu Honqyuan on Belt and Road Initiative

Topics: INFRASTRUKTURENTWICKLUNG

Professor and Director of Institute of Comparative Politics and Public Policy, Shanghai Institutes for International Studies.

At a time when the world is rethinking globalization, when more and more countries are adopting inward-looking policies, China’s The Belt and Road Initiative (BRI) cannot pass unnoticed by global policy makers. This ambitious initiative aims to establish a new transnational infrastructure network linking Asia, Africa, and Europe to form an interconnected economic space for more than 60 countries, which will make the BRI the core global economic activity for decades to come. The BRI’s budget is estimated at $890 billion, and will be primary allocated to infrastructure development projects. As such, it has the power to create opportunities for reducing economic disparity, poverty, and deprivation across the globe.

 

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