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Research Article

EEO. 2021; 20(6): 209-219


Comparative Analysis of Debt Trap and Shared Economic Growth Perspectives for Belt Road Initiative

Ms. Afsheen Zeeshan Dr. Shafei Moiz Hali Dr. Nauman Ali Talib.




Abstract

BELT ROAD INITIATIVE was launched by China in 2013 to connect Asia, Africa, Europe and
Russia as a part of geo-political and geo-economic strategy. Now there are two perspectives
regarding this project that prevail in the world; one focuses on the shared economic growth
whereas the other highlights that China is working for its national interest only. Infrastructure
developments for all the participating countries emphasize upon the win-win situation for all
whereas debt trap perspective indicated that China is trying to change the global order by
introducing new financial institutions. The objectives of this research article is to have a clear
knowledge regarding these both perspectives and to offer a study on the basis of which,
researchers can plan their future research for Belt Road Initiative.

Key words: Belt Road Initiative, Debt, Economic Growth, Infrastructure






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