Has the Belt and Road Initiative Brought New Opportunities to Countries Along the Routes to Participate in Global Value Chains?

Zhi-heng, WU; Hou, Guisheng; Xin, Baogui

doi:10.1177/2158244020902088

Cited by 24 publications

(20 citation statements)

References 70 publications

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“…Innovation and globalisation encourage an inclination towards cooperative alliance and strategic connections among countries (Rauf et al, 2018;. However, the long-standing economic development factors like innovation in science and technology as well as investment in staff training have been overlooked, and the long-standing economic development of participating nations is influenced (Sun et al, 2019;Wu et al, 2020). Thirdly, maintaining closer economic ties, and deepening political acceptance; enhancing cultural bonds; encouraging civilizations to learn from one another and develop together; and promoting "mutual understanding, peace and friendship among people of all countries" are the official objectives of the BRI (S. I.…”

Section: Silk Road: Green Development Innovation Peace and Health Cooperationmentioning

confidence: 99%

“…Trade facilitation, technical standards, improving customs regimes, and harmonization of regional trade agreements (Broadman, 2007) are main contributors for unimpeded trade (Yilmaz and Changming, 2019). Trade and investment cooperation is a "major task" in building the Belt and Road (Cheng, 2016), as well as driving force of the economy of the Silk Road countries (Wu et al, 2020). The institution of unimpeded trade along the Belt and Road is an important issue in the framework of aiding trade relationships; it was ranked the most important factor for logistics advancement under the BRI (Ying Wang and Chou, 2020).…”

Section: Unimpeded Tradementioning

confidence: 99%

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Defining the Building Blocks and the Priority Areas for Cooperation Under the Belt and Road Initiative

2021

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The Belt and Road Initiative (BRI) is a China’s endeavour to globally connect the countries along two major routes. This paper examines the keywords defining the building blocks and priority areas under the BRI and their relationship in order to foster a practical understanding of the BRI for enhancing regional cooperation and connectivity along the routes. The methodology employed was a systematic literature review involving four stages. Firstly, a broad search in the Scopus database (2016-2020) using BRI or similar terms returned n=1,710 articles which were further limited using the keywords: building blocks, priority areas, policy coordination, infrastructure connectivity, unimpeded trade, financial integration and people-to-people exchange. Other keywords considered were community and Silk Road. The articles were then screened and assessed resulting in 155 articles reviewed in this study. The review reveals that while the building blocks are the aim motivating the BRI, hence the spirit behind it, the five priority areas provide practical methods through which China and other countries along the Belt and Road routes will focus their collective development. The relationship between the two aspects owes to the fact that people are involved at all spheres of the initiative bringing about emphasis on the people-to-people exchange which is a core part of social dimension in sustainable development. In contribution, this paper presents a unique perspective for looking at the BRI for a focused discussion of its cooperative framework which could serve as a foundation for further research in various sectors

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Section: Silk Road: Green Development Innovation Peace and Health Cooperationmentioning

confidence: 99%

Section: Unimpeded Tradementioning

confidence: 99%

Defining the Building Blocks and the Priority Areas for Cooperation Under the Belt and Road Initiative

2021

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“…Unleashing system dividend is a vital strategic choice for China to move up on the global value chain [ 13 ]. In particular, the improvement of economic system significantly propels economic growth in BRI countries and affects their participation and status in division of labor on the global value chain [ 14 ]. Dai (2020) investigates the relation between business environment and division of labor on the global value chain [ 15 ].…”

Section: Introductionmentioning

confidence: 99%

Direct and Indirect Effects of Business Environment on BRI Countries’ Global Value Chain Upgrading

Yao

2021

IJERPH

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This study incorporates business environment, foreign direct investment (FDI), and the global value chain upgrading into a unified analysis framework to unravel the effects of business environment and FDI on the Belt and Road Initiative (BRI) countries’ status elevation on the global value chain. The panel data of 112 BRI countries from 2007 to 2017 are employed for empirical tests on the trilateral relationship through the panel data regression model. The results show: (1) business environment improvement and FDI inflow significantly promote BRI countries’ status elevation on the global value chain. Business environment not only elevates BRI countries’ status on the global value chain directly, but indirectly lifts their status through the intermediate effects of FDI; (2) business environment and FDI significantly promote the status elevation on the global value chain for industries that are intensive on varied factors, especially for labor-intensive industry; (3) the test results of the panel threshold model further verify the positive effect of the business environment and FDI inflows on BRI countries’ status elevation on the global value chain.

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“…According to Ibeh et al (2012), African firms face greater challenges toward international expansion than firms in other developing or advanced countries. These challenges according to Al-Kwifi et al (2019) and Wu et al (2020) ranges from a lack of infrastructure, inadequate innovation and technological capacity to an imperfect business environment and poor regional integration. Despite these challenges, many African firms have demonstrated the eagerness to compete on a global scale through the adoption of different internationalization approaches.…”

Section: Introductionmentioning

confidence: 99%

The Belt and Road Initiative and East African small and medium-sized enterprises: benefits, drivers and particular sectors

Gyamerah

Ampaw

et al. 2021

IJOEM

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PurposeDrawing upon the institutional theory, the present study investigated whether or not small and medium-sized enterprises (SMEs) in East Africa benefit from the Belt and Road Initiative (BRI), and how the latter influences the internationalization of the former.Design/methodology/approachAn in-depth interview was conducted by using 26 SME managers/owners who are engaged in international activities in the “Belt and Road” countries. The sample was chosen from four East African countries across three industries. The theoretical framework emerged from the grounded theory analysis of the primary data.FindingsThe authors found that the BRI as a formal institutional force generates both direct and indirect influences on SMEs' internationalization. Three key driving forces, namely partnerships, specialized services and innovativeness underpin the internationalization of SMEs. Additionally, sectoral analysis of the similarities and differences in responses reveals no remarkable differences in the drivers and impact of the BRI on SMEs in all the three industries investigated.Research limitations/implicationsThe internationalization process of East African SMEs could be augmented through formal institutions like the BRI, and the internationalization of SMEs along the “Belt and Road” countries mimic an integrative approach. The theoretical framework demonstrates significant potential for further benefits that SMEs may obtain through the BRI by taking advantage of certain BRI opportunities and adopting crucial strategies to internationalize rapidly.Originality/valueThis is the first study to employ a qualitative approach to study the influence of the BRI at the firm-level. Specifically, the paper covered the hub of BRI countries in East Africa. Hence, the study makes substantial theoretical and policy contributions to the literature.

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Has the Belt and Road Initiative Brought New Opportunities to Countries Along the Routes to Participate in Global Value Chains?

Cited by 24 publications

References 70 publications

Defining the Building Blocks and the Priority Areas for Cooperation Under the Belt and Road Initiative

Defining the Building Blocks and the Priority Areas for Cooperation Under the Belt and Road Initiative

Direct and Indirect Effects of Business Environment on BRI Countries’ Global Value Chain Upgrading

The Belt and Road Initiative and East African small and medium-sized enterprises: benefits, drivers and particular sectors

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