Theoretical and practical analysis of the “Belt and Road” initiative from a global perspective
Shiwen Zhou
Changsha Mingde Huaxing High School
DOI: https://doi.org/10.59429/bam.v7i1.9579
Keywords: Belt and Road Initiative; Globalization; Regional cooperation; Economic growth; Multilateral coordination
Abstract
The Belt and Road Initiative, proposed by China as a global cooperation framework, plays a significant role in global economic cooperation and regional coordinated development. It aims to promote infrastructure connectivity, trade, financial integration, and cultural exchanges. Based on the principles of globalization and regional cooperation theory, the initiative has been promoting economic growth and social integration of countries along the route by building a multi-level practical framework. This has significantly improved regional economic competitiveness and international cooperation. However, the implementation process faces challenges such as complex political environments, differences in legal systems, and unbalanced economic development. It requires continuous improvement in multilateral coordination and cooperation mechanisms. This paper comprehensively explores the theoretical basis, practical path, impact, and challenges of the Belt and Road Initiative, summarizes its important role in international economic cooperation and potential to promote global governance innovation, and provides a useful reference for theoretical research and policy formulation in related fields.
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