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BRI: A Solution for Global Common Development
Wang Lei (王镭）
Bureau of International Cooperation, Chinese Academy of Social Sciences (CASS), Beijing, China
Abstract:Our world is currently experiencing lackluster growth, poor governance and uneven development. The Belt and Road Initiative (BRI) launched by China in 2013 conforms with the trend of economic globalization, change in the global system of governance, and people’s expectations for a better life. This paper offers a systematic and in-depth elucidation of the BRI, in the context of economic globalization, as providing an effective solution for global development, increasing the momentum of global economic growth, improving global governance, and addressing imbalances in global development. In this new era of high-quality development, the BRI will contribute to the creation of a community of shared future for humankind by overcoming challenges in global economic development, undergirding the foundation of global economic development, and promoting balanced global economic development for win-win results.
Keywords:BRI, economic globalization and growth momentum, governance, addressing development imbalances, interconnectivity
JEL Classification Codes: F01, F02 DOI: 10.19602/j.chinaeconomist.2020.09.01
