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

First Edition
Edited by:


December 2019 | 300 pages | SAGE Publications Pvt. Ltd

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.


 
Foreword
 
Acknowledgments
Harinder S. Kohli, Johannes F. Linn, and Leo M. Zucker
Introduction
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

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ISBN: 9789353880255
$43.00