China’s Belt and Road Initiative: Challenges and Opportunities for Global Trade
Keywords:
Belt and Road Initiative, Global Trade, Infrastructure DevelopmentAbstract
China’s Belt and Road Initiative (BRI) represents one of the most ambitious international development strategies of the 21st century, aiming to enhance global trade connectivity through large-scale infrastructure projects and economic partnerships. By linking Asia, Europe, Africa, and beyond, the BRI has the potential to reshape global trade patterns, reduce trade barriers, and create new economic opportunities. However, it also poses significant challenges, including debt sustainability risks, geopolitical tensions, and environmental concerns. This paper critically examines the BRI’s strategic motivations, its opportunities for global trade, and the challenges faced by participating countries and stakeholders. Through a comparative analysis with other global development initiatives, the study highlights the dual nature of the BRI as a driver of economic integration and a source of potential conflict. The paper concludes with recommendations for enhancing the BRI’s governance, transparency, and sustainability to ensure its positive contribution to global trade and development.
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