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Enhancing Resilience and Sustainability in the Wake of the Belt and Road Initiative (BRI) in Central and Eastern Europe and the Western Balkans
Abstract
The Chinese Belt and Road Initiative (BRI) has emerged as a significant global infrastructure financing initiative, connecting Asia, Europe, and Africa through extensive transportation, energy, and telecommunications networks. While the initiative brings forth investment and trading opportunities, concerns regarding China's territorial size, population, political atmosphere, and future growth rate have raised geopolitical apprehensions among state leaders and scholars. The paper aims to highlight the potential risks associated with the initiative, particularly the debt distress that some recipient countries could face. In addition, the paper aims to address China's growing influence in the Western Balkans through investments that promote shared experiences in growth, development, and connectivity. It sheds light on both the opportunities and challenges presented by China's increasing presence in the region, offering valuable insights for policymakers, scholars, and stakeholders involved in the study of global economic and political dynamics.
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