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Regional Integration, Trade and the Belt and Road Initiative

  • John JoshuaEmail author
Chapter

Abstract

This chapter analyses the relationship between regional integration, trade and the BRI and begins with an analysis of how regional integration can deepen economic development, international trade and globalization. A distinction is made between complementarities and competition and how they may promote or hinder trade. The difference between trade creation and trade diversion is explained. The importance of the relationship between trade and technological change and the ladder of comparative advantage are emphasized and revealed comparative advantages, and the relationship to market shares between different participating countries of BRI is explained. Diversification increases with the level of technological development. To facilitate global trade, various gaps in development have to be overcome before China’s global trade relationships can prosper.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Shui Mu Shan ChengFushunChina

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