U.S. consultants hailed the China-proposed Belt and Road Initiative (BRI) because it facilitates people-to-people connectivity and presents sustainable growth and green cooperation alternatives.
The BRI is an incredible concept given China’s geographic location and growth stage, and is “the best factor to do”, stated Jeffrey Sachs, senior UN advisor and director of the Center for Sustainable Development at Columbia University in a keynote speech at a seminar collectively held by China General Chamber of Commerce and the Standard Chartered Bank.
Sachs, who declared himself “an enormous fan of the BRI,” additionally famous the necessity for China’s integration with close to neighbors in addition to distant continents, resembling Europe, East Africa, and Latin America,
Sachs’s reward of the BRI was echoed by Alexis Crow, who leads the geopolitical investing observe at PwC (PricewaterhouseCoopers).
Crow attributed the attraction of the initiative to people-to-people bond and believes the BRI “is completely different from previous infrastructure improvement initiatives, notably from the West,” because it “depends on the bonds from individuals to people.”
“I feel the BRI is an important idea, one which could be very complementary to the West,” she stated at a seminar entitled “China’s New 21st Century Silk Road to Europe” held by the European-American Business Organization.
The BRI “needs to be a green initiative” because the world “wants China’s management to decarbonize the power system,” famous Sachs.
“China ought to use the BRI to point out how the truly sustainable growth within the 21st century must be completed — transparently, clear and cooperatively. This would be the means for the entire world to get collectively,” he mentioned.
Sarwar A. Kashmeri, adjunct professor of Political Science at Norwich University, in contrast, the BRI to the Moon Shots Program proposed by former U.S. president John F. Kennedy within the ’60s, saying it requires the identical visionary increase because of the U.S. program.
The BRI is aimed toward constructing a commerce and infrastructure community connecting Asia with Europe and past alongside the traditional Silk Road commerce routes for constant growth and prosperity.