The Economic and Geopolitical Rationale of the Belt and Road Initiative

In 2013, the People’s Republic of China adopted the Belt and Road Initiative (BRI), a global infrastructure investment project involving 71 countries that are projected to boost global annual GDP by US$ 7 Trillion by 2040. Through the BRI, China aims to connect Asia, Europe, and Africa via railway lines and ports, forming six economic corridors as seen in the map above. During this article, we will explore the financial and strategic rationale behind the implementation of the BRI.

Implications of the Japan–Korea Trade Dispute

Japan and South Korea are among the largest economies in Asia. Post World War II, both economies grew at rapid pace, becoming the economic powerhouses we know today. Unfortunately, things are not as rosy as they seem; both countries are undergoing a trade dispute on top of rising military and geopolitical tensions.