• 제목/요약/키워드: Belt and Road

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'일대일로' 연선국가의 국가 리스크가 중국 해외직접투자에 미치는 영향 (Impact of Country Risks in Countries along the 'One Belt and One Road' on China's Overseas Direct Investment)

  • 이충배;이종철;서용강
    • 무역학회지
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    • 제46권3호
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    • pp.119-133
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    • 2021
  • After 'Zhou Chuchu (走出去, Go global)' in the early 2000s, and with the 'One-to-One Road' initiative in 2012, China's Overseas Foreign Direct Investment (OFDI) has increased significantly, resulting in high academic interest. The purpose of this study is to analyze the impact of national risks of home country on China's OFDI by using data from 49 countries along the 'One-to-One Road' between 2007 and 2018, and to compare the factors of national risks that attract investment from the world. As a result of the study, market economy companies' perceptions of national risks are mostly negative, so risk acts as a deterrent to investment. On the other hand, national risks of home countries have had positive effects on China's OFDI, which would mean that Chinese investors, mostly state-owned enterprises have a high tendency to invest in regions or countries with high national risks. Other economic factors, such as the size of the investment partner country's market, GNI per capita, and trade openness, had a positive (+) effect, and natural resources had a negative (-) effect on China's OFDI. As dummy variables, FTA, which is an economic and diplomatic factor, SCO, which is a political and diplomatic factor, and bordering which is a geographical factor, were also found to have a positive (+) effect. This study implies the investment pattern of China's OFDI is due to the characteristics of China's unique geopolitical and economic system, and it is judged to be influenced by political and strategic factors, especially the aspects led by state-owned enterprises.

Framing advocacy event: Comparing news coverage and Facebook comments of the Belt and Road Forum in Pakistan and the USA

  • Xu, Yi
    • Journal of Contemporary Eastern Asia
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    • 제20권1호
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    • pp.1-23
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    • 2021
  • With regard to the recent developments in public diplomacy, the increasing fusion of strategic communication appears necessary. China engages in public diplomacy with a strategic purpose to shape its national image abroad. Hosting diplomatic advocacy event is regarded as an instrument with expectations to present reliable and responsible image and promote international collaborations. The present research focuses on the Belt and Road Forum (BRF) in May 2017 with the objective to analyze its outcomes and influence on the international news agenda, news frames, and foreign citizens' comments online. The quantitative content analyses are used to compare the media reports (N=364) and Facebook users' comments on the selected news (N=957) between the US and Pakistan. Results reveal that Pakistani media provided more diverse frames and attributed more positive evaluations to the BRF than the US media. However, Facebook comments expressed more unfavorable opinions toward the BRF and China's image with rare differences between two countries. In conclusion, the BRF has served as an eye-catching advocacy of Chinese foreign policy, as it influenced the news agenda in two selected countries. However, news frames vary due to the differences in media system and the involvement in the BRF. China's public diplomacy practices follow a traditional top-down communication which needs meticulous subdivision of target stakeholders, delicate messaging strategies, and integrated tactics.

International Trade and Logistics of Kazakhstan and Its Trading Partners: Contribution to Economic Growth and Distribution of Trade Flows

  • Zhanarys RAIMBEKOV;Zhibek RAKHMETULINA;Tana ABYLAIKHANOVA;Bakyt SYZDYKBAYEVA;Aigerim RAKHMETULINA
    • 유통과학연구
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    • 제21권9호
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    • pp.67-79
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    • 2023
  • Purpose: To investigate the intensity of bilateral international trade of the Silk Road Economic Belt (SREB) countries with Kazakhstan, its relationship with logistics (LPI), to assess their contribution to economic growth and distribution of commodity flows. Research design, data, and methodology: The method of analyzing the bilateral trade flow was applied by using the trade intensity index (TII) and a multidimensional regression model describing the relationship between LPI and its components, TII, the volume of exports and imports, GDP. Results: The nature and directions of the relationship between TII and the key components of logistics, the positive impact of LPI on the intensity of trade are established. It is revealed that the intensity of trade between the countries in the direction of the EAEU-Kazakhstan has a greater impact on the growth of LPI than in the opposite direction. At the same time, the higher the level of trade integration and the volume of GDP, the stronger their impact on the efficiency of logistics and distribution of commodity flows. Conclusions: Effective distribution of commodity flows will require the development of logistics components based on the direction of bilateral trade and the size of countries, the intensification of state reforms in the field of international trade and distribution logistics.

중국의 "일대일로" 창의와 두만강 지역 주요 항만의 협력방안에 관한 연구 (A Study on China's "the Belt and Road" Initiative and the Collaboration Scheme for the Main Ports in Tumen River Region)

  • 이종석;이설
    • 대한안전경영과학회지
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    • 제23권1호
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    • pp.31-38
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    • 2021
  • port is the intersection of highway, railway, waterway and other transportation modes, and is the key to realizing integrated transportation. There are many excellent ports around the Tumen River Region. With the obvious location advantages, Tumen River Region is an important part of Tumen River regional cooperation and development, and is the key to realizing the "borrow port to sea", which is raised in "China Tumen River regional cooperation and development planning outline -- regard Changjitu area as the development and opening leading area" (referred to as "planning outline"). This paper focus on the main ports in the Tumen River region, taking them as the research object. Furthermore, the paper makes the strategic plan for the port cluster in the Tumen River region as well as puts a collaboration scheme is proposed by analyzing the research reviews of the Tumen River region and the present situations of the main ports.

The path analysis of carbon emission reduction: A case study of the Silk Road Economic Belt

  • Kong, Yang;He, Weijun
    • Environmental Engineering Research
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    • 제25권1호
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    • pp.71-79
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    • 2020
  • This paper uses super-efficiency DEA model and Malmquist index to evaluate the carbon emission efficiency (CEE) values of the nine western provinces along the "Silk Road Economic Belt" for the period from 2000 to 2015, and analyses the influencing factors of the CEE. The major findings of this study are the following: (1) the overall CEE of the nine western provinces is not high, and there are significant inter-provincial differences in the CEE. Meanwhile, the provinces with higher levels of economic development generally have higher CEE. (2) The annual total factor productivity (TFP) of the nine western provinces, which is mainly determined by technological change, is greater than 1. Moreover, the total average growth rate of the TFP is 15.5%. (3) The CEE of the nine western provinces is not spatially dependent. In addition, the urbanization, openness, use of energy-saving technologies and research and development (R&D) investment have a significant positive impact on the CEE values, while the industrial structure, foreign direct investment, fixed asset investment, government expenditure levels and energy structure have a significant negative impact on the CEE. Among them, R&D investment is the primary factor in promoting the development of CEE, and the government expenditure has the greatest negative impact on the CEE.

Infrastructure Integration, Poverty, and Inequality in Developing Countries: A Case Study of BRI Transport in the Lao PDR

  • Vanxay Sayavong
    • East Asian Economic Review
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    • 제26권4호
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    • pp.305-336
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    • 2022
  • This study applied the macro-micro simulation model (i.e., what-if analysis) to investigate the impact of transport related to the Belt and Road Initiative (BRI) on poverty and income inequality in Laos. We selected Laos as a case study of a developing country. We used the standard GTAP model with the GTAP database (version 10) for the macrosimulation, whereas we used the household model with the latest Lao household data from 2019 for the microsimulation. Our findings revealed that the output of the Lao economy was anticipated to increase by up to 0.3%, while the poverty rate was anticipated to decline from 17.0% to 15.7%. However, there would be winners and losers in industries and groups of households in different areas. In particular, rich households with a comparative socioeconomic advantage, such as in education, engagement in nonfarm business, and infrastructure access, would mostly gain benefits; consequently, this would lead to higher inequality in Laos. Therefore, the inequality index (i.e., the Gini coefficient) would increase from 41.2 to 60.1. After a simulation of BRI transport, we also found that some nonpoor households, which are mainly associated with farm activities and lower educational levels, would fall into poverty.

Polo: A Cultural Code for Understanding the Silk Road

  • KIM, TSCHUNG-SUN
    • Acta Via Serica
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    • 제4권1호
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    • pp.125-146
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    • 2019
  • This paper deals with the question of the origin of polo. Although it is a sport that has been mainly active in the West since the nineteenthcentury, it is well known that British troops in the northern part of Pakistan learned about the sport from the local people there. Most agree that the origin of polo is Iran. However, in this paper, rather than specifying a specific area as the birthplace of polo, it is argued that polo was a cultural phenomenon commonly found on the Silk Road. This is based on the fact that polo has been known for centuries in China, the Korean Peninsula, and Japan, as well as throughout Iran, northern India, Tibet, Central Asia, and the Uighur Autonomous Region. Yet, the transmission of polo cannot be traced chronologically according to the supposed propagation route. This cultural phenomenon has changed over a long period of time according to the local environment, and the change was caused by mutual exchanges, not by one party. Therefore, there are limitations to interpreting cultural phenomena linearly. Thus, the origin of polo could also be identified with another area, namely Baltistan in modern day Pakistan, instead of Iran. These results support the argument that to understand Silk Road civilization, a process-centric approach based on 'exchanges', not a method of exploring archetypes to find 'the place of origin', should be utilized. Polo is undoubtedly an important cultural artifact with which to read the Silk Road as a cultural belt complex, as well as an example of the common culture created by the whole Silk Road.

Relationship Between Dry Ports and Regional Economy: Evidence from Yangtze River Economic Belt

  • LIU, Yan Feng;LEE, Chong Bae;QI, Guan Qiu;YUEN, Kum Fai;SU, Miao
    • The Journal of Asian Finance, Economics and Business
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    • 제8권5호
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    • pp.345-354
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    • 2021
  • With the evolution of containerization and globalization of supply chains, aspects of port functions have made the transition from the sea to the inland region that forms the dry port. To explore the relationship between dry ports and regional economic development, this study uses a gravity model and forecast model to analyze 1,040 observations in 104 cities (22 dry port cities) along the Yangtze River Economic Belt (YREB) from 2008 to 2017. The model includes economic variables, logistics variables, foreign relations variables, and human capital variables. It was found that the dry port is positively correlated with trade volume. Compared with a city without a dry port, the trade volume of a city with a dry port will increase 0.099 times. It can be concluded that a dry port is crucial for the economic development of the YREB. It was also found that per capita GDP as an economic variable, road area and rail number as logistics variables, and foreign relation variables are positively correlated with trade volume, while the human capital variable has no significant effect on trade volume. In addition, governmental policy implications are addressed from the aspects of dry port and industry cluster caused by foreign investment.

China's Digital Silk Road in Southeast Asia and Vietnam's Responses from 2015 to 2021

  • Dao D. Nguyen
    • 수완나부미
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    • 제15권2호
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    • pp.57-90
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    • 2023
  • China launched the Digital Silk Road (DSR) in 2015 as part of the existing Belt and Road Initiative (BRI) to expand its influence in digital and technological development across Asia, Europe, and Africa. Southeast Asia is one of the key targets of the Digital Silk Road due to its geographical proximity to China and the rapid growth of the digital sphere. Although the DSR opens several potential opportunities for the Association of Southeast Asian Nations (ASEAN) member states to foster the digitalization process in the region, how each country reacts to projects under the DSR is varied. Secondly, Vietnam is the only ASEAN member state that has not signed any official agreement under the BRI framework, and thirdly, Vietnam opted out of Huawei technology. This paper aims to understand the perspective of Vietnam and how Vietnam has responded to the growing technological presence of China in Southeast Asia until 2021. By using qualitative methods, the author argues that the DSR has allowed Beijing to overcome the limitations of the original strategy, BRI, and strengthen its influence in the field of information and communication technologies, particularly fifth-generation (5G) telecommunications. Furthermore, the paper examines Vietnam's digital development and digital diplomacy and how the Vietnamese government has responded to DSR projects. In light of both the potential threats and economic benefits that the DSR has brought to Vietnam and Southeast Asian countries, in the last section, the policy implications for cooperation are discussed.

개발제한구역 해제지역내 집단취락 개발잠재력 평가분석 (Assessment Analysis on Development Potential of the Clustered Settlements in the Released Green-Belt)

  • 최임주;안준홍
    • 한국지리정보학회지
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    • 제11권4호
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    • pp.112-121
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    • 2008
  • 본 연구에서는 부산광역시 기장군 개발제한구역 해제지내 집단취락지를 대상으로 순수개발지표 및 향후 개발여건들을 고려한 표준화 점수 도출로 우선순위를 결정하여 집단취락의 개발 잠재력을 도출하고자 하였다. 본 연구는 부산광역시 GIS Data를 사용하여 객관적이고 과학적인 분석을 위해 자연적, 물리적, 개발적, 접근성 측면의 4개 부문에서 개별지표를 선정하여 분석하였다. 분석 결과 해안변에 입지한 대규모 취락들은 개별지표 값들이 높은 지역으로 개발 잠재력이 높은 것으로 평가되었으며, 국도 14호선 서측의 내륙에 입지한 소규모 취락들은 개별지표 값들이 낮게 나타나 개발 잠재력이 낮은 것으로 평가되었다.

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