Evolution and innovation path of the «One belt – one road» project

Abstract

As we have all clearly observed from the fact, the “One Belt, One Road” project has had a profound impact on global international economic cooperation since its inception. This article systematically analyzes the evolution of the “One Belt, One Road” project and explores its innovative path. Based on the in-depth analysis of a large number of relevant literature and statistics, the article describes the three main stages of this project since its announcement and the direct construction of the project itself, namely the initial theoretical exploration, the subsequent deepening and broadening of theory and practice, and the functional trade and economic system that has been gradually formed at present. The article also analyzes in detail the innovative directions and development paths of the “One Belt, One Road” project in terms of interdisciplinary integration, application of new data and methods, differentiation of research for different countries and regions for sustainable development. In the initial stage of theoretical research, scholars mainly focused on the direct stimulating effect of the One Belt, One Road project on trade, investment, infrastructure construction, etc., and the research was based on the traditional theories of international trade and investment, which laid the foundation for subsequent research. Moreover, as the “One Belt, One Road” project progressed, the theoretical research expanded from the traditional trade and investment research to multidimensional and comprehensive analysis of other components affecting macroeconomic growth itself, industrial restructuring, regional coordinated development, etc. New theoretical proposals and analytical frameworks such as new economic geography, institutional economics, etc. have also been introduced to make further research more in-depth and comprehensive. At present, the “One Belt, One Road” project integrates the theoretical resources of multiple disciplines in the formative stages, covers the analysis of comprehensive macroeconomic growth, corporate behavior, industrial organization, international trade and investment, regional economic cooperation and other aspects, which provides a more comprehensive, systematic and dynamic understanding of the economic opportunities of the “One Belt, One Road” project, and promotes the thorough study of the relationship and synergy between the various efficiencies and synergies of the “One Belt, One Road” project. To date, these theoretical studies have made significant progress in explaining the complex economic effects of the “One Belt, One Road” project, not only revealing the positive impact of the project on economic growth, industrial structure optimization and coordinated regional development of countries along the project routes, but also providing a solid theoretical and practical basis for the development of relevant policies in practice. All this has indeed played an important role in practical guidance and management.