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Impacts of the Belt and Road in the Eurasian Heartland

Author

Listed:
  • Alexey Kalinin

    (Academic Director
    The SKOLKOVO Institute for Emerging Market Studies)

  • Albert Park

    (Director, HKUST Institute for Emerging Market Studies, Chair Professor, Department of Economics, Division of Social Science and Division of Public Policy
    The Hong Kong University of Science and Technology)

Abstract

Belt and Road projects in the Eurasian Heartland (Central Asia and the Caucasus, Russia, and Belarus) have predominately focused on the exploitation of the region’s natural resources rather than on developing infrastructure, building industrial facilities, or partnering in innovations. However, there is a visible positive impact of the BRI on host countries in the Eurasian Heartland, as evidenced by rising investment, increasing trade, institutional improvements, and growing humanitarian connections and awareness. At the same time, there are also unintended consequences of Chinese BRI activity, including negative social, environmental, and economic impacts that could undermine the future development of the Initiative due to public opposition and politicization.

Suggested Citation

  • Alexey Kalinin & Albert Park, 2020. "Impacts of the Belt and Road in the Eurasian Heartland," HKUST IEMS Thought Leadership Brief Series 2020-38, HKUST Institute for Emerging Market Studies, revised Apr 2020.
    • Handle: RePEc:hku:briefs:202038
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    File URL: https://iems.ust.hk/assets/publications/thought-leadership-briefs/2020/tlb38/kalinin-park-belt-road-eurasian-heartland-iems-tlb38.pdf
    File Function: First version, 2020
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    More about this item

    Keywords

    Belt and Road; China; Financial Development; Firms; Jobs;
    All these keywords.

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