Paths International Ltd

Abstract:

What links does the Belt and Road Initiative have with world economic growth? This article tries to testify that the effective implementation of the Belt and Road Initiative is expected to push for remarkable growth of the world economy from the perspective of infrastructure investment. The logic of such a conclusion is as follows: there exists extensive infrastructure investment demands worldwide, and the expansion of infrastructure investment is expected to serve as an important means to extricate the world economy from a lingering growth slowdown. In the emerging-market and developing countries, there exists a wide funding gap for infrastructure investment, and depending on their own financial markets alone or on extant multilateral development agencies cannot meet such enormous funding demands. In this sense, the Belt and Road Initiative advocated and advanced by the Chinese government is expected to obviously help them fill up the infrastructure investment funding gap that plaguing the involved countries and then promote regional and even world economic growth through bolstering their infrastructure investment.