CAN THE RED DRAGON’S BELT AND ROAD INITIATIVE (BRI) IMPROVE THE DEVELOPING WORLD?

Economics Declassified

By Saloni Gala and Diva Sheth | Edited by Aman Kayal and Ruth D’souza

The pioneering One Belt, One Road Initiative (OBOR) aims to boost intercontinental and strengthen regional cooperation among countries in Asia, Europe and Africa. In order to promote international trade and open up new markets, the OBOR policy envisions a maritime Silk Road Economic Belt and an overland Silk Road Economic Belt.

The Silk Road Economic Belt connects China to countries in Central and South Asia and then on to Europe, and on the other hand the New Maritime Silk Road connects China to countries in South East Asia, the Gulf States, North Africa, and Europe, make up the majority of the Belt Road Initiative (BRI), six additional economic corridors have been selected to incorporate connectivity with more countries.

Source: BRI Map. (n.d.). World Bank.

Proposition

“The principle of give and take is the principle of Diplomacy…

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