Future of Belt & Route Initiative in the post COVID-19 world
Institute, Sustainable Development Policy | June 2020
Abstract
China’s Belt and Route Initiative has challenged the traditional concepts of development. The COVID-19 pandemic has altered the prospects for the projects launched in recent years in various ways, making some of their key features irrelevant for the times to come and paving ways for leading the world through innovative ways in the fields of health and technology. China has successfully utilized its industrial might to cater to the needs of the health sector across the world providing essential support to the pandemic-hit countries. Provision of digital technology that is fast necessitated by the changing world is another sector the country is taking a lead in. Pakistan being a key player in the BRI is facing its own dilemmas in the fast-changing world around it and need to increase its pace not only to catch up anymore but also to revive. This policy review highlights the situation and the challenges and proposes steps that can help maintain Pakistan’s stakes in the project that many in the world are looking up to.
Citation
Institute, Sustainable Development Policy. 2020. Future of Belt & Route Initiative in the post COVID-19 world. © Sustainable Development Policy Institute. http://hdl.handle.net/11540/12172.Keywords
Development
Trade
Development Goals
Skills Development
Sustainable Development
Trade Flows
Trade And Development
Food Security And Trade
Trade Volume
Trade Potential
Trade Flows
External Trade
Industrial policy
New technology
Innovations
Industry
Export policy
Import policy
Trade Unions
Services Trade
SMEs
E-commerce
Development assistance
ADB
Curriculum development
Development assistance
Development aid
Development indicators
Development potential
Development models
Project appraisal
Performance appraisal
Regional development bank
Trade development
Import volume
Export volume
Service industry
Career development
Vocational training
Contract Labor
Capital
Business
Communication in rural development
Social participation
Occupational training
Partnership
Joint venture
System analysis
Labor and globalization
Labor policy
Regional trading blocs
Foreign trade and employment
Developing countries
Industrial priorities
Technological innovation
Technology transfer
Foreign trade regulation
Industrial relations
Trade-unions
Digital
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