China’s Belt and Road Initiative and Agricultural Development in Southeast Asia

Author:

Hung Wing Lok1,Chang Chak Yan2

Affiliation:

1. China Economic Research Programme, Lingnan University, 8 Castle Peak Road, Tuen Mun, New Territories, Hong Kong SAR

2. Department of Government and Public Administration, The Chinese University of Hong Kong, Shatin, New Territories, Hong Kong SAR

Abstract

This paper discusses how China’s “Belt and Road Initiative” (BRI) can shed light on the issue of urbanization and agricultural development in Southeast Asia. The BRI is often understood to mean infrastructure projects, such as the building of high-speed railways and modern ports. This inter-pretation does not fully take into account the potential economic prospects between China and the BRI-participating countries. By revisiting Harvard-trained Economist Chang Pei-kang’s pioneering theory on Agriculture and Industrialization, we argue that agriculture rather than urbanization needs to be considered as the foundation for sustainable economic development in Southeast Asia. Advancements in agricultural development through BRI projects will improve not only the livelihoods of rural farmers in Southeast Asia, but also our global ecosystems. Turning the focus to agriculture can assist Southeast Asian countries in exploring their own development paths and avoiding repeated setbacks from fresh financial and global crises.

Publisher

World Scientific Pub Co Pte Ltd

Subject

General Medicine

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