China’s High-Quality Development and ”Belt and Road Economics”: Economic Solutions for World Development

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The world is moving very rapidly to embrace a new global paradigm. This is evident both from the growing interest in joining the BRICS, as well as the increasing moves of the global majority to cooperate with the Belt and Road Initiative, which now includes over 150 nations. The most recent China Arab States Cooperation Forum 10th Ministerial Meeting in Beijing confirmed this growing trend. This indicates that the trade between China and this growing market in Southwest Asia could soon surpass the total volume of European trade with China. This expansion is becoming an unstoppable train for a “New World Order” based upon multipolarity, and respect for the sovereignty of all nations.

What attracts nations in the Global South to China and the Belt and Road is the success of China in rising from a poor nation to the most advanced industrial nation within four decades. All this was achieved peacefully, which is unique in world history. China’s economic development strategy has struck the world with amazement. The move from high-quantity, low-end production of consumer goods for the world markets to high-quality industrialization based on scientific and technological progress and innovation is a matter worth studying by every serious economic expert, strategist, and policy maker. Moreover, managing to achieve this in a world plagued by political and military conflicts, financial crises and epidemics is another aspect worth studying. It is for these reasons that China has gained the respect and trust of many nations in the Global South, and is leading the transformation towards a new, multilateral world order.

It is, nonetheless, an inclusive order, whereby all nations, including those from the Global North, are welcome to join and cooperate in the spirit of “a community for a shared future for mankind.” The old order, the so-called “Rules-Based Order”, will no longer function. It is based on dominance, whereby an exclusive club of privileged nations attempts to impose its own ideas and values upon all the others, whether they like it or not. Many nations are raising their voice that this is not the right path to achieving equitable development and peaceful global governance.

The world is entering a new era of great change. The great challenge is the ability to understand and adapt to it, not attempting to stop it with coercion and force. The solutions that can help guide humanity to resolve this challenge are embedded in the economic criteria which will be presented in this webinar. You are welcome to join us and participate in this webinar.

Participation in the webinar is free of charge, but registration is required!


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