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Prioritizing China’s public policy options in developing logistics infrastructure under the Belt and Road Initiative

Author

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  • Ying Wang

    (Yantai University)

  • Chien-Chang Chou

    (National Kaohsiung University of Science and Technology)

Abstract

One of the aims of the Belt and Road Initiative (BRI), proposed by China in 2013, is to promote the development of logistics along corridor countries by eliminating trade barriers between countries along the corridor and by advancing the construction of port infrastructure and related facilities to improve maritime logistics. Financial integration, people-to-people bonds, policy coordination, facilities connectivity, and unimpeded trade are five major enabling factors of the BRI for enhancing logistics cooperation and service level among corridor countries. This paper aims to evaluate the importance of these factors, which allegedly influence logistics infrastructure development, from the perspective of public policy. The consistent fuzzy preference relations (CFPR) method is employed to determine the prioritization of the five logistics-enabling factors. Our results show that the factor unimpeded trade is ranked first, while the factor people-to-people bonds is ranked last. To further analyze the results, cross-sectional analysis between government officers and academics is conducted to clearly identify their preferences as well as differences of opinion. As expected, government officers prefer more of the factor policy coordination, while academics ascribe more importance to the factor unimpeded trade. Our findings can advise the Chinese government, the Asian Infrastructure Investment Bank (AIIB), and other corridor countries on how to prioritize their investments in order to develop logistics infrastructure and ensure the successful implementation of the BRI.

Suggested Citation

  • Ying Wang & Chien-Chang Chou, 2020. "Prioritizing China’s public policy options in developing logistics infrastructure under the Belt and Road Initiative," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 22(2), pages 293-307, June.
    • Handle: RePEc:pal:marecl:v:22:y:2020:i:2:d:10.1057_s41278-019-00143-5
    DOI: 10.1057/s41278-019-00143-5
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    References listed on IDEAS

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    1. Herrera-Viedma, E. & Herrera, F. & Chiclana, F. & Luque, M., 2004. "Some issues on consistency of fuzzy preference relations," European Journal of Operational Research, Elsevier, vol. 154(1), pages 98-109, April.
    2. Paul Tae-Woo Lee & Cheng-Wei Lin & Yi-Shih Chung, 2014. "Comparison analysis for subjective and objective weights of financial positions of container shipping companies," Maritime Policy & Management, Taylor & Francis Journals, vol. 41(3), pages 241-250, May.
    3. George Cornel Dumitrescu, 2015. "Central and Eastern European Countries Focus on the Silk Road Economic Belt," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 3(1), pages 186-197, May.
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    Cited by:

    1. Vishal Kashav & Chandra Prakash Garg & Rupesh Kumar, 2023. "Ranking the strategies to overcome the barriers of the maritime supply chain (MSC) of containerized freight under fuzzy environment," Annals of Operations Research, Springer, vol. 324(1), pages 1223-1268, May.
    2. Yueqi Wang & Shouming Chen & Peien Chen, 2024. "CEO political connections and OFDI of Chinese firms under the Belt and Road Initiative," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.

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