hegemony or to make it more difficult to execute. interests first prompted China to marshal its resources to revamp and reconstruct the world order in an attempt to contain U.S. But hallmarks of shared globalization are emerging in Asia. In some quarters, globalization is viewed as an antithesis to sustainability, in light of growing populism and of trade protectionism in the West. Their commitments to the free flow of trade have pivoted toward self-serving impulses in the form of trade protectionism. and the European Union trade and political preferences. Meanwhile, China’s worldviews on the free flow of commerce remain unencumbered, but the status quo is no longer consistent with U.S. Therefore, Western powers, particularly the United States, are erecting more tariffs to protect their domestic industries with the result that “international trade is in its worst period in 30 years”. Many Western countries increasingly acknowledge that the standard practices associated with globalization have lost traction in the wake of the GFC. Globalization has reached its zenith and is in the process of moving toward reverse globalization. Some argue that globalization is heading toward extinction. Political developments in the United Kingdom that led to Brexit and those from President Donald Trump’s antiglobalization rhetoric, “America First”, are evidence that globalization is being overrun by nationalism, protectionism, and isolationism in the West. Arguably, after the Cold War era, the global financial crisis (GFC) led to the resurgence of nationalism and protectionism in global politics. The political values and economic norms of the international system are in flux. It also highlights BRI programs and projects that have emerged as an internal and external policy framework for an openly inclusive “win–win” cooperation model based on shared development and on communities of shared interests. This article provides theoretical perspectives on BRI as a beachhead for sustainable regional development. In essence, BRI is a critical tool for peaceful development that is resulting in massive investments in infrastructure, that is facilitating economic development, and that is promoting shared governance. This article argues that the forces of globalization are so pivotal to Eurasia, where development opportunities can propel the region toward a more comprehensive socioeconomic integration, that governments in that region need to provide more support that ensures the continuing success of BRI. The initiative focuses on restoring global balance and on expanding universally beneficial and inclusive relationships. BRI is providing new drivers of sustainable economic growth in China and of cross-border trade, along with the reimagined land and “Maritime Silk Road”. China’s Belt and Road Initiative (BRI) is a cornucopia of international projects that offer mammoth opportunities for more economic cooperation and deeper regional integration primarily among emerging economies.
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