Published on: 2016-09-29
This talk is a part of the HKUST IEMS – EY Hong Kong Emerging Market Insights Series. It is presented by HKUST IEMS with support by EY. Check out the next event in the series at http://iems.ust.hk/insights and past events in the series here.
Alicia Garcia-Herrero: One Belt One Road – Impacts on Trade and Investment
Barry Sautman: Localization of Chinese Investments in Africa
The Chinese government’s One Belt One Road (OBOR) initiative supports the building of infrastructure and the establishment of stronger ties with over 60 countries. In this panel discussion, two leading scholars offer insights into the following questions:
- Who will be the winners and losers in international trade under different scenarios?
- How will OBOR impact Hong Kong’s trade and financial system?
- Will OBOR-related investment diminish or build industrial capacity in African and other countries?
About the Event
The Belt and Road Initiative (OBOR) which China has embarked on aims at improving cross-border infrastructure so as to reduce transportation costs in a massive geographical area. One of the key questions is whether there will be trade gains to be made thanks to the reduction in transportation costs. Recent empirical literature will be reviewed estimating the impact on trade at a global scale identifying winners and losers for a number of different scenarios. The first focuses on upgrading infrastructure only while a second and third scenario explore the idea of creating a Free Trade Area within the Belt and Road region.
Meanwhile, the OBOR targets several score countries for increased economic and other interaction. It includes several important African states and coincides with Chinese
leaders’ late 2015 pledge to now focus China’s interaction with Africa on contributions to the continent’s industrialization. The question then becomes whether Chinese investment is diminishing African industrial capacity or instead building it. If it is the latter, in what ways does China contribute and to what effect? Are further steps envisaged? How, moreover, does China’s industrialization-related activity impinge on the commonplace negative discourse that emanates from the West about “China-in-Africa.”
About the Speakers
Admission is free of charge with limited seats. Refreshments and non-alcoholic beverage will be served before the panel discussion starts.
HKUST IEMS – EY Hong Kong Emerging Market Insights Series
China as the World’s Technology Leader in the 21st Century: Dream or Reality? featuring Naubahar Sharif
The Greek Crisis and the Future of the Eurozone featuring Nobel Prize Winner Sir Christopher Pissarides
Political and Economic Consequences of Demographic Change in Emerging Markets featuring Jack Goldstone and Albert Park
As Goes Russia, So Goes Europe? featuring Christopher Hartwell
[Bio] Alicia Herrero Garcia
[Bio] Barry Sautman
Blog post on What does China’s ‘belt and road initiative’ mean for EU trade? by Alicia Garcia Herrero and Jianwei Xu for Bruegel
[IEMS Academic Seminar] The Belt and Road from the Other End: A European Perspective by Alicia Herrero Garcia
[IEMS Thought Leadership Brief] Localizing Chinese Enterprises in Africa: from Myths to Policies authored by Barry Sautman