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China’s Belt and Road Initiative: Potential Transformation of Central Asia and the South Caucasus

 
Leo M. Zucker (Editor)
Synopsis

China’s Belt and Road Initiative (BRI) is a potential gamechanger for the Central Asia and South Caucasus (CASC) region. CASC countries naturally view this massive development program as a unique opportunity to accelerate their economic development through increased foreign investment, upgraded physical infrastructure, and tighter economic relationships with their neighbors. Yet embracing the BRI is not without risks. Some BRI investments may prove to be fiscally unsustainable, economically and financially unviable, and socially and environmentally harmful. Inadequate cross-border coordination and infrastructure maintenance could render some BRI investments wasteful or redundant. If not proactively addressed, these risks have the potential to leave countries worse off for having participated in the BRI. Policymakers in the CASC region and their development partners, thus, face a daunting question: how to realize the promise of the BRI for their countries while avoiding the pitfalls that lie along the way? This book attempts to answer this question by leveraging the unique insights of development experts in the CASC region. Drawing on the most comprehensive review of BRI investment data conducted to date, this book presents a dynamic policy agenda that is relevant to any country in which China is building the Belt and Road. 

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About the author

Leo M. Zucker

Leo M. Zucker has served as a Project & Research Associate of Emerging Markets Forum and Centennial Group International since July 2017. In this role, he has contributed to numerous research projects on topics such as infrastructure development, fiscal management, climate change, health care access, and international organizations. He holds a BSFS (hons.) in international political economy and French from Georgetown University’s Edmund A. Walsh School of Foreign Service. His honors thesis measured how the effect of a corporate manager’s gender on firm performance varies across levels of economic development. Mr Zucker is currently working on an inside-out analysis of lending and investment by non-Paris Club countries, including China, in six African countries. 

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Bibliographic information

Title China’s Belt and Road Initiative: Potential Transformation of Central Asia and the South Caucasus
Author Leo M. Zucker
Format Softcover
Date published: 23.10.2019
Edition 1st ed.
Language: English
isbn 9789353880255
length 300p.