China proposed the Belt and Road Initiative in 2013 to improve
connectivity and cooperation on a transcontinental scale. This
study, by a team of World Bank Group economists led by Michele
Ruta, analyzes the economics of the initiative. It assesses the
connectivity gaps between economies along the initiative's
corridors, examines the costs and economic effects of the
infrastructure improvements proposed under the initiative, and
identifies complementary policy reforms and institutions that will
support welfare maximization and mitigation of risks for
participating economies.
General
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