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The Belt and Road Initiative: a new engine for global development and prosperity
- 1 Huanghua Middle School, Cangzhou, China
* Author to whom correspondence should be addressed.
Abstract
In an era of accelerating globalization, the international community faces numerous challenges. Against this backdrop, the Chinese government proposed the Belt and Road Initiative (BRI) in 2013. This initiative aims to provide more development opportunities for all parties involved through consultation, joint construction, and shared benefits, promoting economic cooperation, cultural exchanges, and political trust among them. It also injects new vitality into the regional international economic development. This paper analyzes the achievements of the BRI since its implementation based on relevant professional literature. It also examines the problems encountered during its implementation and elaborate on its significance as a national development strategy in light of current international realities. The trend towards international integration is inevitable, and the concept of a community with a shared future for mankind is based on the profound reality of global development. During the low tide of economic development, some countries set up trade barriers and promote economic protectionism to divert public attention and shift the economic crisis. Amid the prevalence of economic protectionism, the consultation, joint construction, and shared benefits philosophy advocated by the Belt and Road initiative has shown vigorous vitality. The active participation, deepening cooperation, and joint development of countries along the route demonstrate that the trend of global integration has taken root in people's hearts.
Keywords
the Belt and Road Initiative, silk road, global integration
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Cite this article
Wang,W. (2025). The Belt and Road Initiative: a new engine for global development and prosperity. Journal of Applied Economics and Policy Studies,18(3),55-58.
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Journal：Journal of Applied Economics and Policy Studies
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