The Impact of the Belt and Silk Road to the Development of the Countries along the Project

Abstract

The world is advancing technologically and digitalizing. Therefore, to move with the trend and partake in the recovery that is taking place all over the world, the Belt and Silk Road Initiative was launched so as to link with economic globalization and immense Information Technology. It is aimed at enhancing global trade and this is to be done in an orderly way to see a smooth economic flow, since there will be adequate allocation of resources. It helps promote the economic prosperity of other countries, thus, encouraging trade routes and understanding from one country to the other. This in turn results in world development and world peace. With reference to the above assertion, the presentation serves to discuss the achievements that can be met, the demerit, and recommendations.

Keywords: Belt Silk Road Initiative, Development, Countries

DOI: 10.7176/JESD/11-16-05

Publication date:August 31^st 2020