Comparative Analysis of Debt Trap and Shared Economic Growth Perspectives for Belt Road Initiative

Abstract

BELT ROAD INITIATIVE was launched by China in 2013 to connect Asia, Africa, Europe and Russia as a part of geo-political and geo-economic strategy. Now there are two perspectives regarding this project that prevail in the world; one focuses on the shared economic growth whereas the other highlights that China is working for its national interest only. Infrastructure developments for all the participating countries emphasize upon the win-win situation for all whereas debt trap perspective indicated that China is trying to change the global order by introducing new financial institutions. The objectives of this research article is to have a clear knowledge regarding these both perspectives and to offer a study on the basis of which, researchers can plan their future research for Belt Road Initiative.