«One belt one road» initiative as a tool of inclusive globalization

Author(s):  A.F. Chernova, no, no, Lobachevsky state university of Nizhni Novgorod, Nizhni Novgorod, Russia, chrvann@mail.ru

Issue:  Volume 46, № 2

Rubric:  Topical issues of political science

Annotation:  The article is devoted to the analysis of modern trends of globalization. The author examines the components of this process, its positive effects and negative consequences. A brief description of the American and Chinese integration models is given, their fundamental differences are analyzed. The author also defines the term of «inclusive globalization», which implies open, balanced, beneficial economic integration for every participant of the project, and «One Belt, One Road» initiative is the main tool for its implementation. The author analyzes the evolution of the content of the new concept of China from a set of infrastructure projects to the basis of a new model of globalization. The conclusion drawn in this article is that «One Belt, One Road» can become one of the most important elements of economic integration on the Eurasian continent and contributes to the improvement of the international economic system.

Keywords:  globalization, the concept of «One Belt, One Road», inclusive globalization, American globalization, trade and economic protectionism, the concept of «three necessities», a community with a common destiny.

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