Belt and Road Initiative: A Step towards Shared Economic Growth

Authors

Afsheen Zeeshan

Lecturer, Department of Government and Public Policy, National Defence University, Islamabad, Pakistan

Dr. Shafei Moiz Hali

Assistant Professor, Department of Government and Public Policy, National Defence University, Islamabad, Pakistan

Dr. Nauman Ali Talib

Assistant Professor, Department of Government and Public Policy, National Defence University, Islamabad, Pakistan

DOI: https://doi.org/10.35484/pssr.2021(5-IV)14

Keywords

Belt Road Initiative GDP Economic Integration Shared Economic Growth

Abstract

Belt and road initiative is strategic economic program that will enhance the economic growth of countries by facilitating through infrastructures development and ease in trading procedures. The case studies discussed in this article from Pakistan, Malaysia and Kazakhstan concluded that these countries have witnessed significant positive changes due to the participation in the belt and road. The GDPs have improved and the influx of foreign direct investment has increased that signifies the growth of a country, thus it can be concluded that belt and road initiative is a step towards shared economic growth and development through economic integration. The policies under BRI would be beneficial for all the countries involved in it to create paths for the mutual growth and development that support the progress in world economy.