文献综述
文 献 综 述
1.Introduction
1.1 Research Background
Chinas Belt and Road Initiative (BRI), sometimes referred to as the New Silk Road, is one of the most ambitious infrastructure projects ever conceived. Although it is believed that BRI is a project aimed to strengthen and support worldwide trade, some analysts see the project as a disturbing expansion of Chinas economic and political power all around the world(Andrew Chatzky 2020). This research is going to mainly focus on what consequences might BRI have on Central Asias economic and political development.
1.2 Need for the study
Due to the hesitation of whether BRI is a risky plan for the rest of the countries or not this study explores the advantages and disadvantages of BRI. This thesis has different researches from worldwide publishments and studies. Therefore, studying the trade development of China and the rest of the world has a guiding role in exploring trade between China and Central Asia, and can provide a hint for the combination of theory and reference research.
2. Literature Review
2.1 The development of BRI
Ibold, Sebastian (2021) stated in his paper that BRI is a transcontinental long-term policy and investment program which aims at infrastructure development and acceleration of the economic integration of countries along the route of the historic Silk Road. The Initiative was unveiled in 2013 by China`s president Xi Jinping and until 2016, was known as OBOR One Belt One Road. On March 28, 2015, the official outline for the Belt and Road Initiative was issued by the National Development and Reform Commission (NDRC), the Ministry of Foreign Affairs (MOFA) and the Ministry of Commerce (MOFCOM) of the People`s Republic of China (PRC), with authorization of the State Council.
The BRI combines two initiatives:
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