The Overall Development of the Belt and Road Countries: Measurement and Assessment

Q2 Economics, Econometrics and Finance

Global Journal of Emerging Market Economies Pub Date : 2023-05-01 DOI:10.1177/09749101231167449

Biliang Hu, Kunling Zhang

{"title":"The Overall Development of the Belt and Road Countries: Measurement and Assessment","authors":"Biliang Hu, Kunling Zhang","doi":"10.1177/09749101231167449","DOIUrl":null,"url":null,"abstract":"Based on a multidimensional assessment indicators system and a two-layer assessment model, this article measures and evaluates the overall development of China and the 148 countries that signed cooperation agreements with China to jointly build the Belt and Road (we refer to this group of countries as the Belt and Road Countries or simply BRCs henceforth) from 2015 to 2019 using panel normalization method. This research shows that the overall development of BRCs is generally on track, and most countries are showing an upward development trend, mainly Asian and African countries. Second, some features of the overall development of BRCs are clearly evident, such as (a) the economic development is not high enough but relatively stable; (b) the resource endowments are not excellent, but rich fossil fuels are concentrated in a few countries of BRCs; (c) the environment protection of the countries is reasonably well managed; (d) social development indicators of these countries are slightly lagging behind the world average. Third, certain challenges face this group of countries, for example, good governance, economic structural transformation, and industrialization need improvement. Finally, there is enormous potential for strengthening cooperation between BRCs, particularly in energy, manufacturing, green development, social development linking with the people’s livelihood improvement, and so on.","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Global Journal of Emerging Market Economies","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/09749101231167449","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}

引用次数: 0

Abstract

Based on a multidimensional assessment indicators system and a two-layer assessment model, this article measures and evaluates the overall development of China and the 148 countries that signed cooperation agreements with China to jointly build the Belt and Road (we refer to this group of countries as the Belt and Road Countries or simply BRCs henceforth) from 2015 to 2019 using panel normalization method. This research shows that the overall development of BRCs is generally on track, and most countries are showing an upward development trend, mainly Asian and African countries. Second, some features of the overall development of BRCs are clearly evident, such as (a) the economic development is not high enough but relatively stable; (b) the resource endowments are not excellent, but rich fossil fuels are concentrated in a few countries of BRCs; (c) the environment protection of the countries is reasonably well managed; (d) social development indicators of these countries are slightly lagging behind the world average. Third, certain challenges face this group of countries, for example, good governance, economic structural transformation, and industrialization need improvement. Finally, there is enormous potential for strengthening cooperation between BRCs, particularly in energy, manufacturing, green development, social development linking with the people’s livelihood improvement, and so on.

查看原文本刊更多论文

一带一路国家总体发展的测度与评价

基于多维评价指标体系和双层评价模型，本文采用面板规范化方法，对2015年至2019年中国与148个与中国签署共建一带一路合作协议的国家（以下简称“一带一路国家”或简称“一带一路国家”）的总体发展进行了测算和评价。这项研究表明，BRC的总体发展总体上步入正轨，大多数国家都呈现出上升的发展趋势，主要是亚洲和非洲国家。第二，BRC总体发展的一些特征明显，如（a）经济发展水平不够高，但相对稳定；（b）资源禀赋并不优秀，但丰富的化石燃料集中在BRC的少数国家；（c）各国的环境保护管理得相当好；（d）这些国家的社会发展指标略落后于世界平均水平。第三，这群国家面临某些挑战，例如，善政、经济结构转型和工业化需要改进。最后，BRC之间加强合作的潜力巨大，特别是在能源、制造业、绿色发展、社会发展与民生改善等方面。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Global Journal of Emerging Market Economies Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)

CiteScore

2.70

自引率

0.00%

发文量

期刊介绍： Global Journal of Emerging Market Economies is a peer-reviewed journal. The aim of the journal is to provide an international platform for knowledge sharing, discussion and networking on the various aspects related to emerging market economies through publications of original research. It aims to make available basic reference material for policy-makers, business executives and researchers interested in issues of fundamental importance to the economic prospects and performance of emerging market economies. The topics for discussion are related to the following general categories: D. Microeconomics E. Macroeconomics and Monetary Economics F. International Economics G. Financial Economics H. Public Economics I. Health, Education, and Welfare J. Labor and Demographic Economics L. Industrial Organization O. Economic Development, Innovation, Technological Change, and Growth Q. Agricultural and Natural Resource Economics • Environmental and Ecological Economics R. Urban, Rural, Regional, Real Estate, and Transportation Economics Additionally, the journal would be most interested to publish topics related to Global Financial Crisis and the Impact on Emerging Market Economies Economic Development and Inclusive Growth Climate Change and Energy Infrastructure Development and Public Private Partnerships Capital Flows to and from Emerging Market Economies Regional Cooperation Trade and Investment and Development of National and Regional Financial Markets The Belt and Road Initiative.