Abstract
China’s “Belt and Road” initiative is emerging as the Western-dominated world order is declining. Capitalism has intensified the rich-poor divide and power politics have led to great upheavals. Western values have caused a “value dislocation” for non-Western countries. The world is calling for new development concepts. The “Belt and Road” initiative has emerged as an answer. It embodies China’s ideas on global development. First,  it works for the “common prosperity” of every country, which will ease contradictions between the South and the North. Second, it emphasizes geo-economic integration that will heal the fragmentation of Eurasia. Third, it advocates linkages between people and inclusiveness to create a new kind of civilization. However, many difficulties and challenges lie ahead for the implementation of the “Belt and Road” initiative.
PDF (must purchase access)