The six land corridors that are the “Belt” part of the Belt and Road Initiative (BRI) connect more than sixty countries, a number that keeps growing as more and more countries join.
However, even as the initiative progresses, there are still open questions as to what each participating country will gain from the initiative.
How can a country best benefit from the BRI? How should projects be prioritized and sequenced?
What opportunities emerge as a result of participating? A new World Bank research paper explores these recurring questions.
Our analysis is based on exploring the position of each country’s economic centers along the BRI network of corridors.
Ultimately, an initiative such as the BRI will change the way economic centers are connected. Productivity, competition, market opportunities, and transport and logistics costs could all be impacted.
Participating countries and cities within them will all certainly be affected by the implementation of the BRI.
However, the extent of the impact will depend on where along the corridors a country or city is located relative to other economic centers.
The difference matters, and is comparable to a storefront being located in a cul-de-sac or a thoroughfare.
Countries and cities on the “thoroughfare” may see more opportunities to add value and intermediate trade, whereas countries in the “cul-de-sac” serve as an end node only.
Subscribe via Email
The Impact of COVID-19 on Thailand’s economy
Thailand’s economy is expected to be impacted severely by the COVID-19 pandemic, shrinking by at least 5 percent in 2020...
Bangkok cost of living : not as cheap as you may think
Thai and Vietnamese cities have once again moved up the rankings, with Bangkok rising 64 places in five years and...
Investment flows to developing Asian countries to fall 30% to 45% due to COVID-19
Foreign direct investment (FDI) to developing economies in Asia, hit hard by the economic downturn caused by the coronavirus pandemic,...
Hong Kong : no journalist in the world is free from China’s violent retribution
The new national security legislation China is imposing on Hong Kong could be used not only against journalists operating in...
Coronavirus will cost global tourism at least $1.2 trillion
UNCTAD estimates that for every $1 million lost in international tourism revenue, a country’s national income could drop by up...
Living in Thailand, a Guide for Expats
Many expats whose companies have transferred them to Thailand often live near their workplaces. But, if you are planning to...
- Economics5 days ago
8.3 million Thai workers will lose employment or income in 2020 says World Bank
- Travel6 days ago
Thailand to lift ban on some international flights
- National1 week ago
Thailand finalizes Phase 5 restrictions easing plan
- Travel1 week ago
IATA urges governments to avoid quarantine measures