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Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
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JOURNAL OF APPLIED BUSINESS AND ECONOMICS


The Belt and Road Initiative and Reconstruction of the World Order: Strategic Reflections Basing on a China-led New Era


Author(s): Liu Hong-Fei, David K. Tian, Liu Yu

Citation: Liu Hong-Fei, David K. Tian, Liu Yu, (2018) "The Belt and Road Initiative and Reconstruction of the World Order: Strategic Reflections Basing on a China-led New Era"," Journal of Applied Business and Economics, Vol. 20, Iss.5,  pp. 46-60

Article Type: Research paper

Publisher: North American Business Press

Abstract:

As a platform for international cooperation, the Belt and Road Initiative serves as a bond for peace with
peaceful development and win-win cooperation as its fundamental target. Based on economic and trade
collaboration, the Initiative also aims to promote political diplomacy and cultural exchanges.
Construction of the Belt and Road Initiative is a demonstration of Chinese cultural value featured by
openness, inclusiveness, peace and amicability. The paper makes comparative study on the Belt and Road Initiative and the Marshall Plan which is launched by United States for revival of post-war Europe. We find out that the two are intrinsically different in contexts, contents and participants despite a few similarities. Then the paper further analyses achievements and problems along the process as well as its impact on world strategic pattern. In all, the Belt and Road Initiative is a sign showing that Chinese opening-up has upgraded and entered a new phase of growth. This will, therefore, bring about profound influence on common prosperity of the world. What is more, China should make a voice in cooperation when carrying out the Initiative. Also, China ought to propose cooperation between countries and regions which is conducive to world peace and strategic partnership featured by mutual help, benefits and common prosperity.