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China’s Belt and Road Initiative

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

First Edition
Edited by:

November 2019 | 300 pages | SAGE India

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.

Harinder S. Kohli, Johannes F. Linn, and Leo M. Zucker
Harinder S. Kohli and Leo M. Zucker
An economic perspective on the Belt and Road Initiative: Six years after its launch
Johannes F. Linn and Leo M. Zucker
An “inside-out” perspective on the impact of the BRI in Central Asia and the South Caucasus: Overview
Aktoty Aitzhanova
The Belt and Road Initiative: The case of Kazakhstan
Roman Mogilevskii
The Kyrgyz Republic and the Belt and Road Initiative
Rustam Aminjonov and Matin Kholmatov
The Belt and Road Initiative in Central Asia and the South Caucasus: A view from Tajikistan
Bahodir Ganiev
The Belt and Road Initiative in Uzbekistan
Giorgi Khishtovani, Mariam Zabakhidze, Irakli Gabriadze, and Rezo Beradze
The Belt and Road Initiative in the South Caucasus region
Biliang Hu
Building the Belt and Road: The impact on China and Central Asia
Michael Emerson
European perspectives on the Chinese Belt and Road Initiative
Rajat M. Nag
An Indian perspective on the Belt and Road Initiative in Central Asia and the South Caucasus
Kiyoshi Kodera
China’s Belt and Road Initiative and Japan, and its impact on Japan–Central Asia relations
Evgeny Vinokurov
The Belt and Road Initiative: A Russian perspective
S. Frederick Starr
US perspectives on China’s Belt and Road Initiative in the South Caucasus and Central Asia
Harinder S. Kohli, Johannes F. Linn, and Leo M. Zucker
Conclusion and recommendations
References and notes
Photo credits

“This book, edited by Harinder S. Kohli, Johannes F. Linn and Leo M. Zucker, is perhaps the first attempt to carry out a comprehensive review of BRI in recent years …. (it) is an important addition to the BRI literature and a must read for scholars, practitioners and students.”

Journal of Asian and Economic Integration, Vol. 2 Issue 1

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Harinder S. Kohli

Harinder S. Kohli is the Founding Director and Chief Executive of the Emerging Markets Forum as well as Founding Director, President, and CEO of Centennial Group International, both based in Washington, DC. He is the Editor of Global Journal of Emerging Markets Economies. Prior to starting his current ventures, he served over 25 years in various senior managerial positions at the World Bank. He has written extensively on the emergence of Asia, Latin America, Africa, and other emerging market economies, financial development, private capital flows, and infrastructure. He is an author and co-editor of India 2039: An Affluent Society in One... More About Author

Johannes F. Linn

Johannes F. Linn is a Distinguished Resident Scholar at Emerging Markets Forum, Non-resident Senior Fellow at the Brookings Institution, and Senior Fellow at the Results for Development Institute (R4D). In 2019, he served as the Global Facilitator for the First Replenishment of the Green Climate Fund. From 2005 to 2010, Mr Linn was Director of the Wolfensohn Center for Development at Brookings. In 2004, he was the lead author of the United Nations Development Program’s Central Asia Human Development Report, 2005. Prior to joining Brookings in 2003, he worked for three decades at the World Bank. From 1996 to 2003, Mr Linn was the Bank’s... More About 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... More About Author

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ISBN: 9789353880255