China, Securing “Belt and Road Initiative”: Risk Management
01 Jan 2018-pp 163-177
TL;DR: The Belt and Road Initiative aims to promote economic development and exchange with China for more than 60 countries as discussed by the authors, which will further strengthen China's global influence, help secure more natural resources for China and ease the domestic overcapacity of some manufacturing segments in China such as steel and power generation.
Abstract: China’s Belt and Road Initiative aims to promote economic development and exchange with China for more than 60 countries. The initiative will further strengthen China’s global influence, help secure more natural resources for China and ease the domestic overcapacity of some manufacturing segments in China such as steel and power generation.
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TL;DR: In this paper, the authors argue that only open digital participation of all citizens, corporations and governments and the collective intelligence, collaborative innovation and co-creation will make BRI a global role model for sustainability.
Abstract: China’s New Silk Road (aka Belt and Road Initiative (BRI)) will invest a 1 trillion USD budget across Asia, Africa and Europe. As BRI wants to contribute also to sustainable development, the authors argue that only open digital participation of all citizens, corporations and governments and the collective intelligence, collaborative innovation and co-creation will make BRI a global role model for sustainability. For a highly networked, globalized, complex and digitalized world with limited resources the key ingredients for sustainable success are the following 10Cs: co-thinking, co-working, co-learning, co-creation, combinatorial innovation, co-ownership, co-ordination, co-operation, co-evolution, and collective intelligence. By linking BRI with digital infrastructures and corporate data management systems, a coordinated but distributed effort may be achieved with positive effects on social responsibility and sustainability for supply chains, data management, corporate reporting and regulatory issues.
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Cites background from "China, Securing “Belt and Road Init..."
...Predictive algorithms (Seele 2017) in addition could act as early stage indication to flag probable sustainability disasters, as an active risk management is a key ingredient to secure the New Silk Road (Zhou 2018)....
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...* Correspondence: peter.seele@usi.ch 1USI Lugano, Via Buffi 13, CH-6900 Lugano, Switzerland Full list of author information is available at the end of the article China’s New Silk Road (aka Belt and Road Initiative (BRI)) will invest a 1 trillion USD budget across Asia, Africa and Europe....
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...Even if the (normative) claims of decentralised participatory digital platforms are politically opportune and feasible, it remains an open question whether or not political will and international consensus emerges that would make the New Silk Road contribute to all three dimensions of sustainability (economic, environmental, and social)....
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TL;DR: In this paper, the main characteristics of the Chinese economy, especially focusing on export and import activities, are discussed, and procedures identified as part of Chinese bankruptcy regulatory environment in order to understand the role that bankruptcy plays in the capitalist model in assuring that decision-making will be conducted on the basis of financial data and will not based on political considerations.
Abstract: As part of its economic transformation, China has adopted several of the core elements of capitalism, and in the process, has recognized the possibility of bankruptcy for both state-owned-enterprises and private companies. Part I of this paper outlines the main characteristics of the Chinese economy, especially focusing on export and import activities. Part II of the paper outlines in detail the procedures identified as part of the Chinese bankruptcy regulatory environment in order to understand the role that bankruptcy plays in the capitalist model in assuring that decision-making will be conducted on the basis of financial data and will not based on political considerations. At the same time, however, the paper underscores that the prospect of bankruptcy must also be viewed from the prism of internal Chinese politics and traditions relating to socialism. The Chinese government must take into account the prospect of social unrest that the possible bankruptcy of an enterprise would have on Chinese workers, perhaps further weakening the role of the Communist Party in Chinese society. Information is provided regarding bankruptcies that have taken place under the new law. Finally, the paper discusses the possibility of creating a system of bankruptcy for individuals in China which was not a part of the original legislative scheme.
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