BANGLADESH INSTITUTE OF INTERNATIONAL AND STRATEGIC STUDIES


CHINA’S BELT AND ROAD INITIATIVE AND ECONOMIC IMPLICATIONS FOR BANGLADESH

Author: Rashed Al Mahmud Titumir, Md. Zahidur Rahman

DOI Link: https://www.doi.org/10.56888/BIISSj2019v40n1a1

ABSTRACT

The article provides a unique analytical framework to identify the compulsions and contradictions arising out of China’s Belt and Road Initiative (BRI) and offers feasible sets of solutions amidst burgeoning growth of literature on BRI which is either marred in assertive dogmatization, or excessive apprehensions, or non-feasible utopian (lack of) solutions. The proposed analytical framework, combining necessary and sufficient conditions for deriving gains from new form of cooperation under BRI, suggests integration of production network, transfer of technology and risk-sharing of capital for achieving mutual stability and growth outcomes. The article also deals with alignment of domestic political settlement and normative legitimacy by proposing an equiangular balanced pathway for development for the participating countries with particular emphasis on Bangladesh.