The Belt and Road Initiative

Law, Economics, and Politics

This 28-chapter volume brings together academics and practitioners to provide a comprehensive legal, economic and political analysis of the Belt and Road (BRI) initiative that has emerged since 2013 as a key feature of China’s international economic policy. The contributions offer a fundamentally novel approach towards international trade, investment and global governance in an unsettled time of shifting geopolitics when many institutions developed in the West are being called into question. The book covers a broad range of BRI-related international economic law and policy issues, including trade facilitation and connectivity, economics and geopolitics of new trade routes, foreign direct investment law, bilateral investment treaties, free trade agreements, financing of infrastructure, development aid, and international dispute resolution, and regional economic integration.

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EUR €199.00USD $229.00

Biographical Note

Julien Chaisse, Ph.D. (2008), is Professor of Law at The Chinese University of Hong Kong (CUHK) and Director of the Centre for Financial Regulation and Economic Development at CUHK. His publications include International Economic Law and Governance (Oxford University Press, 2016), The Regulation of Global Water Services Market (Cambridge University Press, 2017), and International Investment Treaties and Arbitration Across Asia (Brill/Nijhoff, 2017).

Jędrzej Górski, Ph.D. (2016) is a research fellow and Ph.D. candidate in international relations at the City University of Hong Kong. Formerly research associate at UCL Australia (2017), Endeavour Research Fellow at MLS (2014) and associate at CMS (2010-2012).

Review Quotes

"This book is essential reading for anyone who wants to better understand the Belt and Road Initiative and how it will define law, economics, and politics in the years to come."
- Patrick W. Pearsall, Fmr. Chief of Investment Arbitration, United States of America "This is a big book on a very big subject. The editors have assembled informative and cogent essays on four broad aspects of the BRI. They are: the geopolitical dynamics that shape the BRI; the thrust of outward investment from China through the BRI; the facilitation of international trade in the BRI region; and the emerging mechanisms for dispute resolution and commercial mediation. Half of the chapters were published previously and deserve wider spread, and half are written new for this book.
Even discounting for inevitable hype about the BRI, this signature global initiative by China will likely be a very consequential feature of the emerging global economic system in the 21st century. If you want to get your mind around this massive project, this is the book you need to have in your hand. Highly recommend."
- Glenn Shive P.h.D, Executive Director, Hong Kong America Center

Table of contents

List of Abbreviations
List of Figures and Tables
Notes on Contributors

1 Introduction
Julien Chaisse and Jędrzej Górski

Part 1: The Foundations of the Belt and Road Initiative


2 One Belt One Road (“ obor ”) Roadmaps: The Legal and Policy Frameworks
Donald J. Lewis and Diana Moise
3 The Political Economy of obor and the Global Economic Center of Gravity
Usman W. Chohan
4 The obor Global Geopolitical Drive: The Chinese Access Security Strategy
Francisco José Leandro
5 It is Not the End of History: The Financing Institutions of the Belt and Road Initiative and the Bretton Woods System
Maria Adele Carrai
6 Northern Sea Route: An Alternative Transport Corridor within China’s Belt and Road Initiative
Vasilii Erokhin and Gao Tianming
7 The Effect of the “Belt and Road Initiative” on along Countries’ Employment
LU Yue, JIA Yingqi and TU Xinquan
8 Challenges and possible responses of the Eurasian Economic Union to the Belt and Road Initiative
Alexander Mikhaylenko

Part 2: Towards the Expansion of Chinese Outward Investment


9 What is One Belt One Road? A Surplus Recycling Mechanism Approach
Usman W. Chohan
10 The International Investment Agreement Network under the “Belt and Road” Initiative
Anna Chuwen Dai
11 Paving the Silk Road bit by bit : An Analysis of Investment Protection for Chinese Infrastructure \ Projects under the Belt & Road Initiative
LAI Huaxia and Gabriel M. Lentner
12 The Role of Chinese State-Owned Investors and obor -Related Investments in Europe: The Implication of the China-EU bit
YIN Wei
13 National Security Review of Chinese Foreign Direct Investment (‘ fdi ’) into the Cooperation Council for the Arab States of the Gulf (‘ gcc ’): Challenges and Opportunities
Bashar H. Malkawi and Joel Slawotsky
14 A Domestic National Controls a Foreign Investor in Investment Arbitration: In Light of China’s Negative Lists
ZHANG Anran

Part 3: The International Trade Issues of the bri


15 “Unimpeded Trade” in Central Asia – A Trade Facilitation Challenge
Joanne Waters
16 One Belt, One Road Initiative into a New Regional Trade Agreement: Implication to the wto Dispute Settlement System
Sungjin Kang
17 bri Initiative: A New Model of Development Aid?
Tymoteusz Chajdas
18 Turning doors – Piracy, Technology and Maritime security along the Maritime Silk Road
Helen Tung
19 Infrastructure Investments: Port, Rail, and International Economic Rules
Karlok Carlos Li and Julien Chaisse
20 Development Banks as Environmental Governance Actors: The aiib ’s Power to Promote Green Growth
Flavia Marisi
21 Stakes and Prospects of the Right to Free, Prior & Informed Consent in ‘One Belt One Road’ Projects in the Context of Transnational Investment Law and Arbitration
Anna Aseeva and YIP Ka Lok
22 Central and Eastern Europe, Group 16+1 and One Belt One Road: The Case of 2016 Sino-Polish Comprehensive Strategic Partnership
Jędrzej Górski

Part 4: bri Dispute Resolution: Directions for the Future


23 Some Considerations on the Civil, Commercial and Investment Dispute Settlement Mechanisms between China and the Other Belt and Road Countries
ZHU Weidong
24 International Commercial Mediation, an Opportunity for obor
Giovanni Matteucci
25 Energy Dispute Settlement and the One Belt One Road Initiative (‘ obor ’)
MA Sai
26 The Energy Charter Treaty and Central Asia: Setting an International Standard for Energy-Related Disputes
Maria Bun
27 Central Asian Investment Arbitration and obor – Learning from the Current Investment Climate
Mariel Dimsey
28 China’s Maritime Silk Road and the Future of African Arbitration
Aweis Osman

Index

Readership

Academics in law, Asian studies, international relations, political economy; postgraduate students; policy-makers in national bodies, international organisations and NGOs; and legal practitioners.

Index Card

Collection Information