International Political and Economic Analysis of “One Belt and One Road” Initiative
Abstract The “One Belt and One
Road” Initiative is a great strategy for China to encounter the complicated
international political and economic situations, promote domestic economic
growth, enlarge the room for opening-up policy, and achieve breakthroughs in
its foreign relations. However, this initiative may not be easy because of the
challenges that are related to the coordination and sharing of interests
between different domestic organizations involved, to the various levels of development
and acceptance among different countries, to different countries’ credit risk
and past ability to implement projects, to the competition this initiative may
have with influential local countries, and to the intervention of western
countries. As a result, China needs to better coordinate its domestic
interests, evaluate the risks of different commercial projects, strengthen
bilateral economic and trade agreements and rules, promote and replicate
successful cooperative models, construct key pioneering projects, and take
initiative to cater to local countries and regions’ developmental strategies.
Only in this way can the “One Belt and One Road” Initiative become a powerful
strategy to help with China’s rise.
This paper is published in Nankai Journal (Philosophy, Literature and
Social Science Edition), No1, 2016.