Dynamic synergies between China’s Belt and Road Initiative and the UN’s Sustainable Development Goals (SDG).

This study examines the dynamic evolving synergies between the UN’s Sustainable Development Goals (SDGs) and China’s Belt and Road Initiative (BRI). This is among the first studies to present an in-depth comparative treatment and evaluation of these monumental change-oriented undertakings in terms of their interlinks, complementarities, and synergistic potential to mobilize and transform public policy and managerial decision-making in the pursuit of sustainable development. In our study, we identify BRI focus areas, goals, and modalities and explore their manifold interactions with the 17 SDGs, including by reference to dozens of recent BRI and AIIB projects.

Our findings strongly suggest ongoing alignment and convergence between the SDGs and BRI, as exemplified by the recent overt inclusion of BRI within the UN’s 2030 Agenda. However, the realization of such promising synergies hinges on several variables, including the geopolitical and public health environments, the adoption of more holistic trade and investment strategies, and greater openness and inclusiveness towards non-Chinese and local businesses, particularly regarding their participation in BRI sustainable infrastructure investment projects.

Public policy efforts will be essential to steer BRI in more open, liberal, and integrative directions so that BRI can function optimally as an effective vehicle for the achievement of the SDGs.

If you find this Abstract interesting, read more: Journal of International Business Policy (2021), Academy of International Business, Springer Publishing.

Authors: Donald Lewis, Xiaohua Yang, Diana Moise, and Stephen John Roddy