This paper examines the impacts of the Belt and Road Initiative (BRI) on the information and communication technology (ICT) development of participating economies. ICT development is measured with i.
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How Is the Belt and Road Initiative Advancing China's Interests? The Belt and Road Initiative (BRI) is Chinese president Xi Jinping's signature foreign policy project aimed at strengthening China's connectivity with the world.
Financial integration among participating nations stands as another core objective of the Belt and Road Initiative. It endeavors to nurture the growth of financial infrastructure, including banks, investment funds, and insurance firms, with a view to facilitating the financing of infrastructure projects and other economic endeavors.
China, a major global economic power in recent years, spearheads the Belt and Road Initiative. This has raised concerns that the BRI could undermine the established regional governance frameworks, such as the Association of Southeast Asian Nations (ASEAN) and the Eurasian Economic Union (EEU) (Gong, 2019).
Why do some countries have specialized courts for Belt & Road Initiative projects?
Additionally, certain countries have established specialized courts designated to adjudicate disputes related to Belt and Road Initiative projects, a move intended to offer greater clarity and assurance to companies and investors (Ghossein et al., 2018).
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