Connectivity Along Overland Corridors of the Belt and Road Initiative
The six land corridors that are the ‘Belt’ part of the Belt and Road Initiative (BRI) connect more than sixty countries. As the initiative progresses, policy makers, analysts and researchers are trying to answer a few open questions of which the mo...
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| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/264651538637972468/Connectivity-Along-Overland-Corridors-of-the-Belt-and-Road-Initiative http://hdl.handle.net/10986/30609 |
| Summary: | The six land corridors that are the
‘Belt’ part of the Belt and Road Initiative (BRI) connect
more than sixty countries. As the initiative progresses,
policy makers, analysts and researchers are trying to answer
a few open questions of which the most common are: How can a
country best benefit from the BRI? How should projects be
prioritized and sequenced? What opportunities emerge as a
result of participating in the initiative? The authors use a
network economics approach to answer some of these questions
and others. Our hypothesis is that the ability of countries
to maximize the benefits of BRI will depend on the position
of each country in the new connectivity maps that are
emerging. Ultimately, an initiative such as the BRI will
change the way economic centers, as the most productive
nodes in each country, are connected. Productivity,
competition, market opportunities, and transport and
logistics costs are all likely to be impacted. However, the
magnitude of the effects will depend on where along the Belt
corridors a city is located relative to all other countries
and economic centers. Ultimately, the difference in outcomes
will depend on whether a center intermediates trade flows in
the network or serves as an end node that generates inbound
and outbound flows. Centers that are not well connected in
the new BRI maps may not experience much positive impact.
Emphasis should therefore be on the weak links within the networks. |
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