STORY HIGHLIGHTS


US economist on Belt and Road Initiative

CNC
Added On May 17, 2017

Laurence Brahm, an American author and economist, said the Belt and Road Initiative could provide a fresh solution to countries which have been neglected over the years.
 
SOUNDBITE (ENGLISH): LAURENCE BRAHM, US economist
"Right now the western media and critics say, ok there is lots of risk in the areas of the OBOR will be going, the old silk road to center Asia, South Asia, Medium East, Africa, there are many volatile regions, so the question is there a risk. And the answer is there is more risk not to do it. Because if you do not have infrastructure and investment, you will not be able to resolve the economic disparity in these regions; if you do not have economic growth, you will not have economic empowerment, and therefore, the likelihood of more crisis, more violence, more conflict will arise. If you want to reduce conflict, violence and even terror, we have to give people the power of economics over their own lives, and give them something to live for. You have violence and conflict when people have no hope and nothing to live for. And that what One Belt One Road is about to change."
 
According to Brahm, China's economic ascent proves that infrastructure development is an effective way to boost growth.
 
Countries on the Belt and Road could experience a boost in trade flow and benefit from infrastructure development, and clean technology.
 
SOUNDBITE (ENGLISH): LAURENCE BRAHM, US economist
"And with the combination of China's experience with infrastructure investment in its own internal regions which have now allow those regions to economically develop. And also with the negative experience of destruction of the environment through over-building. And now adopting new policy of ecological civilization with smart, green and blue cities that is the idea of using solar power, wind power, geotherm, and developing all kinds of technologies for the environment. We can see a growth pattern that will emerge along the One Belt One Road of sustainable investment and an architecture of infrastructure which is sensitive to environment. And with this we are going to have a major change of economic empowerment and identity recognition of people along regions which previously have been neglected."