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What is Belt Road Initiative

Strategic Cooperation and Partnerships Between Australia and South Asia: Economic Development, Trade, and Investment Opportunities Post COVID-19
The BRI is an ambitious plan to develop two new trade routes connecting China with the rest of the world. But the initiative is about far more than infrastructure. It is an effort to develop an expanded, interdependent market for China, grow China’s economic and political power, and create the right conditions for China to build a high technology economy.
Published in Chapter:
Strategic Partnership of Bangladesh With Australia to Protect From Possible Debt Trap and Diseconomies of Scale of One-Belt One-Road: Lessons for SAARC Nations
S. Jobayear Ahmed (Bangladesh Rural Advancement Committee (BRAC), Bangladesh)
DOI: 10.4018/978-1-7998-8657-0.ch008
Abstract
Bangladesh is a developing nation that is about to complete its Golden Jubilee partnership by 2022 with Australia, a country that has been supporting Bangladesh through aid, assistance, grant, loan, trade, scholarship, etc. Recently, the regional and global superpower China has increased its influence in the Indian Ocean region both through its military and through the OBOR or BRI where it has also shown interest to work with Bangladesh in both fronts. Bangladesh is a very small country but strategically very important, with access to the Indian Ocean. Therefore, it is important to check whether the OBOR initiatives put any negative impact on the neighboring SAARC nations and partner states. The study therefore attempted to identify the potential diseconomies of scale and the solutions Australia-Bangladesh relations might offer.
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