Scientific understanding of the Belt and Road Initiative of China and related research themes

Liu Wei-don

2015 · 105 citations · 0 references

Concepts

TL;DR

The Belt and Road Initiative is China’s proposal for new regional economic cooperation under globalization, aiming to promote free flow of economic factors, efficient resource allocation, deep market integration, policy coordination, and to build an open, inclusive, balanced regional architecture embodying peace, cooperation, openness, inclusiveness, mutual learning, and win‑win. The article analyzes BRI’s background relative to economic globalization and world configuration changes, discusses its spatial connotation through multi‑scalar and trans‑scalar characteristics, and proposes geographic research themes such as geopolitical studies, regional cooperation, FDI theories,.

Abstract

The and Initiative—where the Belt stands for the Silk Economic and the Road stands for the 21 st Century Maritime Silk Road—is a call of China for new modes of regional economic cooperation under the trend of development of economic globalization. It targets at promoting orderly and free flow of economic factors, efficient allocation of resources, and deep integration of markets; enabling the countries along the and to achieve economic policy coordination and carry out broader, deeper, and more efficient economic cooperation; and jointly building an open, inclusive, and balanced regional economic cooperation architecture. Thus the and Initiative is an alternative road to further economic globalization, but contains ideas that are different from the past, that is, the spirit of the Silk Road— peace and cooperation, openness and inclusiveness, mutual learning and win-win. Based on such an understanding, this article first analyzes the general background of the and Initiative against economic globalization and the changing configurations of the world, and then discusses the Initiative's spatial connotation by revealing its multi-scalar and transscalar characteristics. The article points out that the and Initiative is a national strategy, rather than a regional strategy, to coordinate all-around opening of China to the world and promote further integration of the country into the global economy. Last, the article suggests several research themes in geography that are brought about by the and Initiative, including geopolitical studies, geography of countries of the region to explore cooperation opportunities, foreign direct investment theories advanced by the and Initiative, and optimization of transcontinental transportation.