Abstract
Since it was launched in 2013, the Belt and Road Initiative (BRI) has become a catalyst of globalization, growth, and investment in many regions. Belt and Road projects have created nearly 300,000 jobs. The World Bank estimates that host countries have reduced shipping times by up to 3.2%, and trade costs by up to 2.8%. In addition, the initiative has helped build up so-called soft infrastructure such as education, healthcare, and other services.
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Wang, H. (2022). Evolution of the Belt and Road. In: The Ebb and Flow of Globalization. China and Globalization. Springer, Singapore. https://doi.org/10.1007/978-981-16-9253-6_11
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DOI: https://doi.org/10.1007/978-981-16-9253-6_11
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Online ISBN: 978-981-16-9253-6
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