Published on: 2017-09-27
HKSAR Government to Fund IEMS Research on One Belt One Road
The HKUST Institute for Emerging Market Studies is leading an interdisciplinary research project on “Trade and Investment under One Belt One Road (OBOR) and Implications for Hong Kong”. The 3-year project was recently awarded a grant of more than HKD 3 million from the Hong Kong SAR Government under the Strategic Public Policy Research (SPPR) Scheme after a competitive review.
Led by Albert Park, Director of the Institute and a Professor in the Economics Department, the research team also includes three other faculty members from the School of Business and Management–Edwin Lai and Alicia Garcia Herrero from the Department of Economics, and Abhiroop Mukherjee from the Department of Finance; as well as Naubahar Sharif and Barry Sautman from the Division of Social Science.
The project is composed of five inter-related studies addressing the following topics:
- how OBOR will affect international trade flows, especially for China, Hong Kong, and OBOR countries;
- how increased trade from OBOR may increase the use of the Renminbi in trade settlement, contributing to its internationalization;
- how OBOR investments are implemented and their development impacts based on country case studies (including Pakistan, Kenya, Ethiopia, Sri Lanka, and Russia);
- the development impacts of infrastructure projects as revealed by a road building project in India;
- and the potential for Hong Kong financial institutions to provide capital and financial services for OBOR investments.
The researchers hope that their studies will provide valuable evidence-based insights that can help the Hong Kong SAR government to design optimal trade and investment policies to bolster Hong Kong’s future development.
The Program includes 6 IEMS Faculty Associates and a dedicated team of researchers:
[Faculty Assocites] Albert Park, Edwin Lai, Alicia Garcia Herrero, Abhiroop Mukherijee, Naubahar Sharif and Barry Sautman
The Institute has published several policy briefs and working papers on the Belt and Road, with a focus on trade and investment.
[Report] Report on Geo-Economics of the Eurasian Heartland in collaboration with SKOLKVO Institute for Emerging Market Studies
[Thought Leadership Brief] China Cannot Finance the Belt and Road Alone by Alicia Garcia Herrero
[Thought Leadership Brief] China’s Belt and Road: Can Europe Expect Trade Gains? authored by Alicia Garcia Herrero
[Thought Leadership Brief] Localizing Chinese Enterprises in Africa: from Myths to Policies authored by Barry Sautman
[Policy and Business Talk] Opportunities from the Belt and Road, an executive education program co-organized with the Institute for Public Policy
[Online Discussion Panel] CHINA IN AFRICA: China’s Impact on African Employment — World Bank Jobs Group Google Hangout
[Academic Seminar] Localization of Chinese Enterprises in Africa presented by Barry Sautman
[External] EY – Navigating the Belt and Road on ey.com