Belt And Road Initiative: A Literature Review

 
PIIS032150750005159-6-1
DOI10.31857/S032150750005159-6
Publication type Review
Status Published
Authors
Affiliation:
Professor, Fukui Prefectural University, Japan
Chief Research Fellow, SaintPetersburg State University, Russia
Address: Russian Federation, Saint-Petersburg
Journal nameAsia and Africa Today
EditionIssue 6
Pages12-18
Abstract

In the dynamics of East Asia international tiers, the Pacific vector prevailed, until a series of recent setbacks shifted the attention to Eurasia. The most important milestone in this regard was the Belt and Road Initiative (BRI) announced by China in 2013. Scientific literature analysis shows that the issues of BRI are attracting growing attention in academia. The search of Econlit and Web of Sciences databases returns more than 500 hits on this topic. About 95% of the works are published in the period after 2016 in English. A semantic search in this pool of literature allows us to determine the following most common lines of research: the relationship between BRI and development, the economic aspects of the BRI’s implementation, the role of government policies, and the issues of international trade, finances and labour migration. A qualitative and quantitative review shows that BRI is generally positively perceived in the academic community. The reason for this is considered to be that an appropriate balance of opportunities and risks is emerging in the method of implementing the initiated projects. Chinese scientists are mostly optimistic about BRI’s prospects, while researchers from other countries tend to give a comprehensive assessment of both positive and negative factors. Economic consequences, as a rule, are evaluated positively, but ecological, geographical and ethnographic issues are considered growing problems. The analysis allows promising areas for future research to be defined regarding Russia’s participation in Asian integration. Such areas include infrastructure provision in the framework of major regional development initiatives, factors relating to mobility of commodities, capital and labour in the vast Eurasian economic space, and the multilateral and bilateral collaboration within a large circle of interested countries.

KeywordsBelt and Road Initiative, integration, China, Russia, Eurasia
Publication date31.05.2019
Number of characters21363
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