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| China’s Belt and Road Initiative: Exploring Potential Gains and Losses |
| Caroline Freund* |
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| China’s Belt and Road Initiative (BRI) is an ambitious effort to improve connectivity between China and more than 65 countries through infrastructure investment and regional cooperation. The initiative has the potential to significantly accelerate the rate of economic integration and development in the region, as trade costs decline. But, like any large undertaking, there are significant policy and economic challenges. The presentation will analyse ongoing work at the World Bank aimed at analysing the potential gains from better connectivity in terms of trade, foreign investment, and regional development. It will also seek to identify potential risks of the initiative and policies and institutions that participating countries can implement to manage them.
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Dr Caroline Freund is Director of trade, competition and investment climate at the World Bank. Her research examines international trade, trade policy, and economic growth. She is the author of Rich People Poor Countries: The Rise of Emerging Market Tycoons and their Mega Firms (2016).
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