Belt and Road Initiative : Azerbaijan Country Case Study
Belt and Road Initiative (BRI), announced in 2013 and formalized in 2015, is China’s long-term commitment and aims to improve connectivity within Asia as well as between Asia and other continents via transport corridors (rail, road, maritime, air)...
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| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/351671594668599927/South-Caucasus-and-Central-Asia-The-Belt-and-Road-Initiative-Azerbaijan-Country-Case-Study http://hdl.handle.net/10986/34329 |
| Summary: | Belt and Road Initiative (BRI),
announced in 2013 and formalized in 2015, is China’s
long-term commitment and aims to improve connectivity within
Asia as well as between Asia and other continents via
transport corridors (rail, road, maritime, air) and deeper
economic, political, and cultural integration between China
and the countries in Europe and Africa (National Development
and Reform Commission, 2015). This study analyzes a
potential impact of the BRI on Azerbaijan’s economy by
focusing on (1) Azerbaijan’s connectivity and trade with the
BRI economies; (2) its recent improvements in transport,
power, and ICT infrastructure as part of the China, Central
Asia, West Asia economic corridor; (3) its remaining
connectivity gaps and challenges; and (4) potential economic
effects of BRI on Azerbaijan’s trade, foreign investment,
growth and welfare. Finally, the study concludes with policy
implications that would mitigate the BRI risks and maximize
the benefits. |
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