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Building Infrastructure Requires Building Trust: The Belt and Road Initiative in a Long-Run Historical Perspective
October 18, 2019 (Friday)
Venue: Asia Society Hong Kong Center, 9 Justice Drive, Admiralty

Asia Society members : HK$ 200
Non-members : HK$ 350
Discount Tickets :
TSE Alumni : HK$ 200
Registration at : 18:30
Event starts at : 18:30

The Belt and Road Initiative (BRI) is a global development strategy that aims to connect Asia, Europe and Africa via the Silk Road Economic Belt and 21st Century Maritime Silk Road, with the intention to further market integration and economic cooperation among the countries along the routes. Prof. Paul Seabright examines the BRI in the perspective of two long-run developments: the first looks at the long history of China\'s engagement through trade and investment with the world outside its borders, while the second is the history of financing economic development in countries that could not afford to pay for the necessary investments themselves. A persistent theme in both cases has been the link between two ways of building trust between the parties vis-à-vis economic cooperation: one relies on political relationships and projection of soft power, while the other relies on the more impersonal rules of international markets for goods, services and capital. How does BRI fit into this framework and what does that imply about its future sustainability?

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