Podcast

Director’s Cut: Reflections on five years of China’s Belt and Road Initiative

Bruegel fellows Alicia García-Herrero and Uri Dadush join Guntram Wolff for this Director's Cut of 'The Sound of Economics', focusing on the progress made by China's Belt and Road Initiative, how it will continue to develop, and the reactions it has stirred across the world.

By: Date: February 7, 2019 Topic: Global Economics & Governance


China’s Belt and Road Initiative (BRI) is a trade and development strategy proposed by Xi Jinping in 2013. It aims to enhance development prospects via infrastructure, trade, and investment on a trans-continental scale, and is hence often referred to as ‘the 21st century’s Silk Road’.

Five years after its launch, how well has the BRI been received and how much potential does it still hold? Two Bruegel scholars, Alicia García-Herrero and Uri Dadush sit down with Bruegel’s director Guntram Wolff to discuss their analyses of the initiative.

In a recent Policy Contribution, Uri Dadush and Michael Baltensperger reflect on the background and context of the BRI, and critically assess the project’s potential for future performance. In this podcast episode, Uri points to the worrisome aspects of the initiative, particularly the lack of transparency and due diligence concerning the issue of debt trap, as well as China’s poor regard for the possible environmental impact.

In a newly released Working Paper, Alicia García-Herrero and Jianwei Xu analyse large amounts of data to identify the trends in the global perception of the BRI. In this episode Alicia lets us in on their findings. For example, she explains why – despite the generally positive image of the initiative – it is the Central European countries, which benefited from substantial assistance from China, that have a relatively negative perception of the initiative.

For further reading, you may consider Simone Tagliapietra and Shivali Pandya’s blog post on Chinese investment in European maritime ports, as well as a piece by Alicia García-Herrero and Jianwei Xu discussing what the Belt and Road Initiative means for EU trade.

Read article More by this author
 

Opinion

Why China should fear the EU's carbon border tax

Expect Beijing to soon start lobbying against the proposal.

By: Alicia García-Herrero Topic: Energy & Climate, Global Economics & Governance Date: July 26, 2021
Read article More on this topic More by this author
 

Podcast

Podcast

Are robots taking our jobs?

What will be the impact of automation on the economy? Bruegel's own Giuseppe Porcaro discusses with Aaron Benanav, Laura Nurski, and Alexis Moraitis.

By: The Sound of Economics Topic: Innovation & Competition Policy Date: July 20, 2021
Read article More on this topic
 

Blog Post

A world divided: global vaccine trade and production

COVID-19 has reinforced traditional vaccine production patterns, but the global vaccine trade has changed considerably.

By: Lionel Guetta-Jeanrenaud, Niclas Poitiers and Reinhilde Veugelers Topic: Global Economics & Governance Date: July 20, 2021
Read article More by this author
 

Blog Post

The European Union’s carbon border mechanism and the WTO

To avoid any backlash, the European Union should work with other World Trade Organisation members to define basic principles of carbon border adjustment mechanisms.

By: André Sapir Topic: Energy & Climate, Global Economics & Governance Date: July 19, 2021
Read about event More on this topic
 

Upcoming Event

Sep
3
09:00

The role of the EU's trade strategy for an inclusive and sustainable recovery

Bruegel Annual Meetings, Day 3 - We are delighted to welcome Valdis Dombrovskis, Executive Vice President of the European Commission for An Economy that Works for People to talk about Europe's trade strategy.

Speakers: Valdis Dombrovskis, Alicia García-Herrero and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Palais des Academies, Rue Ducale 1
Read article More on this topic More by this author
 

Podcast

Podcast

A fitting plan for the European Green Deal?

How does the world's first roadmap for meeting climate goals stack up?

By: The Sound of Economics Topic: Energy & Climate Date: July 15, 2021
Read article More on this topic More by this author
 

Opinion

Could the RMB dislodge the dollar as a reserve currency?

The dollar remains the world’s largest reserve currency, but it is facing both domestic and external risks.

By: Alicia García-Herrero Topic: Global Economics & Governance Date: July 14, 2021
Read article More on this topic More by this author
 

Podcast

Podcast

What should public spending look like?

What should we do about the increase in public spending due to COVID-19? Bruegel Director Guntram Wolff and Former Deputy Secretary-General of OECD Ludger Schuknecht discuss.

By: The Sound of Economics Topic: Global Economics & Governance Date: July 14, 2021
Read about event More on this topic
 

Past Event

Past Event

Strengthening the weak links: future of supply chains

What new supply chains trends will we see in the post-pandemic era?

Speakers: Ebru Özdemir, André Sapir and Guntram B. Wolff Topic: Global Economics & Governance Date: July 7, 2021
Read article More on this topic More by this author
 

Podcast

Podcast

CCP's 100th Anniversary: Reflecting and looking forward

As the Chinese Communist Party celebrates its 100th anniversary, we looked into the past, future and present of the country's economic development.

By: The Sound of Economics Topic: Global Economics & Governance Date: July 7, 2021
Read article Download PDF More on this topic
 

Policy Contribution

Commercialisation contracts: European support for low-carbon technology deployment

To cut the cost of decarbonisation significantly, the best solution would be to provide investors with a predictable carbon price that corresponds to the envisaged decarbonisation pathway.

By: Ben McWilliams and Georg Zachmann Topic: Energy & Climate Date: July 1, 2021
Read article More on this topic More by this author
 

Podcast

Podcast

Restarting the economy?

While the end of the pandemic is still far, the economy will have to restart.

By: The Sound of Economics Topic: European Macroeconomics & Governance Date: June 30, 2021
Load more posts