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The Development of Infrastructure and Economic Growth

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The Belt and Road Initiative and the Global Economy

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Abstract

This chapter describes the development of infrastructure and their contribution towards economic growth and development. The construction of infrastructure has to consider the backward and forward linkages and bottlenecks have to be eliminated to foster regional integration. It is argued that the BRI has to go beyond the optimization of regional utility and has to work towards the optimization of connectivity between regions. The infrastructuring to enhance connectivity to improve the effectiveness of cooperation between various sub-systems has been explained in details. The BRI will also reduce China’s overcapacity in the production of cement, steel and aluminium, as well as in multiple other products. It will also reduce the surplus of capital and increase China’s exports and imports.

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Authors and Affiliations

  1. Shui Mu Shan Cheng, Fushun, Liaoning, China

    John Joshua

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  1. John Joshua
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Correspondence to John Joshua .

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Joshua, J. (2019). The Development of Infrastructure and Economic Growth. In: The Belt and Road Initiative and the Global Economy. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-28030-7_5

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  • DOI: https://doi.org/10.1007/978-3-030-28030-7_5

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-28029-1

  • Online ISBN: 978-3-030-28030-7

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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