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Public Procurement, Regional Integration, and the Belt and Road Initiative

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dc.contributor.authorGhossein, Tania
dc.contributor.authorHoekman, Bernard
dc.date.accessioned2023-07-19T18:23:10Z
dc.date.available2023-07-19T18:23:10Z
dc.date.issued2021-05-21
dc.description.abstractChina's Belt and Road Initiative (BRI) is a mechanism through which countries can upgrade connectivity-related infrastructure, including through cross-border projects, complementing traditional sources of finance. An overarching goal of the BRI is to reduce trade costs between China and partner countries, in part by helping to integrate regional markets. The large-scale borrowing associated with BRI projects has given rise to potential debt servicing and sustainability concerns. The rate of return of BRI regional infrastructure projects depends in part on the integrity of public procurement processes and realizing value-for-money objectives. To date BRI projects financed by Chinese institutions have been largely awarded to Chinese companies. Enhancing transparency of BRI procurement processes and international cooperation among countries participating in the BRI would help achieve value for money goals and support the integration of BRI countries.en
dc.identifier.citationWorld Bank Research Observer
dc.identifier.doi10.1596/40041
dc.identifier.issn0257-3032 (print)
dc.identifier.issn1564-6971 (online)
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40041
dc.language.isoen_US
dc.publisherPublished by Oxford University Press on behalf of the World Bank
dc.relation.ispartofseriesWorld Bank Research Observer
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subjectBELT AND ROAD INITIATIVE
dc.subjectCHINA
dc.subjectPUBLIC PROCUREMENT
dc.subjectREGIONAL INTEGRATION
dc.subjectINTERNATIONAL COOPERATION
dc.titlePublic Procurement, Regional Integration, and the Belt and Road Initiativeen
dc.typeJournal Article
dspace.entity.typePublication
okr.associatedcontenthttps://academic.oup.com/wbro/article/36/2/131/6280090 Journal website (version of record)
okr.crossref.titlePublic Procurement, Regional Integration, and the Belt and Road Initiative
okr.date.disclosure2023-07-19
okr.doctypePublications & Research::Journal Article
okr.identifier.doi10.1093/wbro/lkab004
okr.identifier.doihttp://dx.doi.org/10.1596/40041
okr.journal.nbpages131-163
okr.language.supporteden
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.topicInternational Economics and Trade::Government Procurement
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.volume36 (2)
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