China's Belt and Road Initiative: Changing the Rules of Globalization (Palgrave Studies of Internationalization in Emerging Markets)

Since the introduction of the One Belt, One Road initiative (OBOR), first proposed in late 2013, international scholars have begun to study this new policy and its implications in the global age. While OBOR provides new opportunities for China in terms of regional cooperation and global development, many also raise concerns about China’s intentions of using economic means to achieve strategic and foreign policy objectives. Hailing from the West and the East, the authors reflect on the wide-ranging impacts of OBOR on specific countries, regions, economic policies, and geopolitical considerations. Including both theoretical research and empirical studies that explore opportunities and challenges related to OBOR, this edited volume will allow readers to gain a more comprehensive understanding of this ambitious undertaking and its long-term impact on the rest of the world. Front Matter ....Pages i-xxviii Introduction (Ilan Alon, Wenxian Zhang, Christoph Lattemann)....Pages 1-13 Front Matter ....Pages 15-15 China and the Twenty-First-Century Silk Roads: A New Era of Global Economic Leadership? (Francis Schortgen)....Pages 17-33 The Global Strategic Environment of the BRI: Deep Interdependence and Structural Power (Thomas D. Lairson)....Pages 35-53 One Belt, One Road, One World: Where is US Business Connectivity? (Xiaohua Yang, Donald J. Lewis, Stephen Roddy, Diana Moise)....Pages 55-72 Front Matter ....Pages 73-73 Free Trade Agreements as BRI’s Stepping-Stone to Multilateralism: Is the Sino–Swiss FTA the Gold Standard? (Tomas Casas i Klett, Omar Ramon Serrano Oswald)....Pages 75-93 Belt, Road, and Circle: The Arctic and Northern Europe in China’s Belt and Road Initiative (Camilla T. N. Sørensen)....Pages 95-113 China’s Strategy Toward Central and Eastern Europe Within the Framework of 16 + 1 Group: The Case of Poland (Jędrzej Górski)....Pages 115-134 The Impact of the Belt and Road Initiative on Central Asia: Building New Relations in a Reshaped Geopolitical Scenario (Fabio Indeo)....Pages 135-153 Live and Let Live: Africa’s Response Options to China’s BRI (Emmanuel Kodzi)....Pages 155-178 Small State, Smart Influence: China’s Belt and Road Extended to New Zealand (Jake Lin)....Pages 179-197 Front Matter ....Pages 199-199 The Overall Development of the Belt and Road Countries: Measurement, Ranking, and Assessment (Biliang Hu, Qingzhong Pan, Shuyu Wu)....Pages 201-225 Effects of Trade Facilitation Measures on Trade Between China and Countries Along the Belt and Road Initiative (Juan Zhang, Zhouhong Wu)....Pages 227-241 How the Belt and Road Initiative Affects China’s Outward FDI: Comparing Chinese Independent Firms and Business Group Affiliates (Ping Lv, Chenxi Guo, Xuchang Chen)....Pages 243-263 Competitive Advantages of China’s Agricultural Exports in the Outward-Looking Belt and Road Initiative (Vasilii Erokhin, Gao Tianming)....Pages 265-285 Front Matter ....Pages 287-287 The Role of China’s Sovereign Wealth Funds in President Xi Jinping’s Ambitious Belt and Road Initiative (Stephen Thomas, Ji Chen)....Pages 289-303 The Changing Rules of International Dispute Resolution in China’s Belt and Road Initiative (Jingzhou Tao, Mariana Zhong)....Pages 305-320 Globalization 5.0 Led by China: Powered by Positive Frames for BRI (May Hongmei Gao)....Pages 321-335 Final Reflections (Christoph Lattemann, Ilan Alon, Wenxian Zhang)....Pages 337-342 Back Matter ....Pages 343-358 Since the introduction of the Belt & Road Initiative (BRI) or One Belt One Road (OBOR), proposed in late 2013, international scholars have begun to study this new policy and its implications in the global age. While BRI provides new opportunities for China in terms of regional cooperation and global development, many also raise concerns about China's intentions of using economic means to achieve strategic and foreign policy objectives. Hailing from the West and the East, the authors reflect on the wide-ranging impacts of BRI on specific countries, regions, economic policies, and geopolitical considerations. Including both theoretical research and empirical studies that explore opportunities and challenges related to BRI, this edited volume allows readers to gain a more comprehensive understanding of this ambitious undertaking and its long-term global impact -- back cover Annotation Since the introduction of the One Belt, One Road initiative (OBOR), first proposed in late 2013, international scholars have begun to study this new policy and its implications in the global age. While OBOR provides new opportunities for China in terms of regional cooperation and global development, many also raise concerns about China's intentions of using economic means to achieve strategic and foreign policy objectives. Hailing from the West and the East, the authors of this book reflect on the wide-ranging impacts of OBOR on specific countries, regions, economic policies, and geopolitical considerations