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China’s Belt and Road Initiative: Potential Transformation of Central Asia and the South Caucasus - Softcover
Inhaltsangabe
China’s Belt and Road Initiative (BRI) is a potential gamechanger for the Central Asia and South Caucasus (CASC) region. CASC countries naturally view this massive development program as a unique opportunity to accelerate their economic development through increased foreign investment, upgraded physical infrastructure, and tighter economic relationships with their neighbors.
Yet embracing the BRI is not without risks. Some BRI investments may prove to be fiscally unsustainable, economically and financially unviable, and socially and environmentally harmful. Inadequate cross-border coordination and infrastructure maintenance could render some BRI investments wasteful or redundant. If not proactively addressed, these risks have the potential to leave countries worse off for having participated in the BRI.
Policymakers in the CASC region and their development partners, thus, face a daunting question: how to realize the promise of the BRI for their countries while avoiding the pitfalls that lie along the way?
This book attempts to answer this question by leveraging the unique insights of development experts in the CASC region. Drawing on the most comprehensive review of BRI investment data conducted to date, this book presents a dynamic policy agenda that is relevant to any country in which China is building the Belt and Road.
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Über die Autorinnen und Autoren
Harinder S. Kohli is the Founding Director and Chief Executive of the Emerging Markets Forum as well as Founding Director, President, and CEO of Centennial Group International, both based in Washington, DC. He is the Editor of Global Journal of Emerging Markets Economies. Prior to starting his current ventures, he served over 25 years in various senior managerial positions at the World Bank. He has written extensively on the emergence of Asia, Latin America, Africa, and other emerging market economies, financial development, private capital flows, and infrastructure. He is an author and co-editor of India 2039: An Affluent Society in One Generation (2010), (2010), A Resilient Asia amidst Global Financial Crisis (2010), Islamic Finance (2011), Asia 2050: Realizing the Asian Century (2011), and A New Vision for Mexico 2042: Achieving Prosperity for All (2012). He led Centennial Group teams that helped ADB and CAF develop their long term corporate strategies. Mr. Kohli is currently leading a year-long EMF study on the long term prospects and challenges faced by emerging market economies worldwide.
Please contact Prof Harinder Kohli at
Centennial Group
2600 Virginia Ave NW
Suite 201. Washington D.C. 20037
Email: harinder@centennial-group.com
Please contact Prof Harinder Kohli at
Centennial Group
2600 Virginia Ave NW
Suite 201. Washington D.C. 20037
Email: harinder@centennial-group.com
Johannes F. Linn is a Distinguished Resident Scholar at Emerging Markets Forum, Non-resident Senior Fellow at the Brookings Institution, and Senior Fellow at the Results for Development Institute (R4D). In 2019, he served as the Global Facilitator for the First Replenishment of the Green Climate Fund. From 2005 to 2010, Mr Linn was Director of the Wolfensohn Center for Development at Brookings. In 2004, he was the lead author of the United Nations Development Program’s Central Asia Human Development Report, 2005. Prior to joining Brookings in 2003, he worked for three decades at the World Bank. From 1996 to 2003, Mr Linn was the Bank’s Vice President for Europe and Central Asia. Mr Linn has published extensively on development and global governance issues. His current research is in the areas of scaling up successful development interventions, global governance reform, and regional cooperation and integration (with a special focus on Central Asia and greater Eurasia).
Leo M. Zucker has served as a Project & Research Associate of Emerging Markets Forum and Centennial Group International since July 2017. In this role, he has contributed to numerous research projects on topics such as infrastructure development, fiscal management, climate change, health care access, and international organizations. He holds a BSFS (hons.) in international political economy and French from Georgetown University’s Edmund A. Walsh School of Foreign Service. His honors thesis measured how the effect of a corporate manager’s gender on firm performance varies across levels of economic development. Mr Zucker is currently working on an inside-out analysis of lending and investment by non-Paris Club countries, including China, in six African countries.
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