Proceedings of the 4th International Conference on Public Management and Intelligent Society, PMIS 2024, 15–17 March 2024, Changsha, China

Research Article

Belt and Road Initiative and the Supply of International Public Goods

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  • @INPROCEEDINGS{10.4108/eai.15-3-2024.2346394,
        author={Yu  Xi},
        title={Belt and Road Initiative and the Supply of International Public Goods},
        proceedings={Proceedings of the 4th International Conference on Public Management and Intelligent Society, PMIS 2024, 15--17 March 2024, Changsha, China},
        publisher={EAI},
        proceedings_a={PMIS},
        year={2024},
        month={6},
        keywords={belt and road initiative; international public goods; international trade},
        doi={10.4108/eai.15-3-2024.2346394}
    }
    
  • Yu Xi
    Year: 2024
    Belt and Road Initiative and the Supply of International Public Goods
    PMIS
    EAI
    DOI: 10.4108/eai.15-3-2024.2346394
Yu Xi1,*
  • 1: Beijing Jiaotong University
*Contact email: 22120581@bjtu.edu.cn

Abstract

In the era of deepening multi-polarization and globalization,the supply and demand of public goods in the world show an unbalanced situation. The question of how to deal with the international supply of public goods is one that we all face. This article starts from the connotation and significance of international public goods to explain the necessity of the Belt and Road Initiative. Illustrate the investment environment of the countries along the Belt and Road with data, and explain the contribution of the initiative to the international public goods market. Most of the countries along the Belt and Road are emerging countries, which have great potential and space for development. But at the same time, there is a big gap in infrastructure construction in those countries. The Belt and Road Initiative brings talent and financial support to the countries along the route, and prioritizes the effective supply of infrastructure based on the large demand for public needs. In addition to the aid of infrastructure construction, China's investment in the Belt and Road countries has shown a rising trend year by year, and the scope of investment covers almost every industry of the national economy. The initiative has effectively alleviated the problem of insufficient supply of international public goods, and has become an important platform for international public goods connectivity.