As the largest economy, Asia will assume the role of global leadership. And to act as the leader of the 21st century, it will be essential for Asia to work for regional cooperation and integration. Infrastructure acts as a base of demand...
moreAs the largest economy, Asia will assume the role of global leadership. And to act as the leader of the 21st century, it will be essential for Asia to work for regional cooperation and integration. Infrastructure acts as a base of demand and supply chain. The development of interregional infrastructure would reduce the imbalance in Asian economies since the development of infrastructure is directly proportional to economic growth which is also directly proportional to the development of region hereby enhancing regional integration. The Belt and Road Initiative (BRI) , first defined in 2013 by the President of China, as the largest initiative towards the regional connectivity and international cooperation in recent times. According to the Chinese perspective, this initiative offers economic, cultural, political, and strategic potential to the countries besides the belt and road routes, and Central Asia is a significant territory along the One Belt route. Receiving global attention, BRI is a reinvention of the ancient Silk trade route, which may prompt the massive
