Research Paper Current

Belt and Road Overview of Developing Countries like Nepal

  • Buddhi Prasad Sharma
  • Research Paper
Abstract: Since the formal launch of the China-led Belt and Road Initiative
(BRI), it has received both positive and negative feedbacks and responses.
Comparatively, the studies show that it gained more positive responses and
accumulative attraction. Notorious Western hegemony, in general, and conditionbased
Western cooperation model, in particular, were ignored and felt useless by
the developing world. Comparatively, they perceive BRI to be more appropriate
for strengthening connectivity, attracting investment and enhancing other necessary
cooperations. As a leading power, China needs to show more generosity,
flexibility and respect to the interests of the developing world. BRI in itself
is a global program. China cannot display comprehensive posture without the
genuine support of the developing world. In some countries, BRI projects faced
severe criticism due to the lack of proper management, lack of implementation
and issues of financial transactional irregularities. This is not a right sign for a
new global program like BRI. To resolve it, as an emerging power, China needs
to be more serious and responsible to address the issues and uphold the true
meanings of mutual trust and win–win situation. Developing countries like
Nepal expect more comprehensive and constructive cooperation through BRI to
help in their national development and increase the global connectivity and
cooperation.
Keywords: Belt and Road; developing world; Western hegemony; expectations of
developing countries; Nepal–China; issues of multiple cooperations.
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