Optimize the allocation of international resource under “the Belt and Road” framework strategy research

Authors

  • Wang Yongshun Jiuquan Vocational and Technical College, Jiuquan, China
  • Roman Zvarych West Ukrainian National University

DOI:

https://doi.org/10.35774/visnyk2024.02.042

Keywords:

international resource, allocation efficiency, the Belt and Road, initiative international cooperation

Abstract

Introduction. This study focuses on the imbalance of international resource allocation in the context of globalization and the role of the “the Belt and Road” initiative in promoting the rational and efficient allocation of global resources. The study discussed the current situation of imbalanced global resource allocation, delved into the phenomena and reasons that lead to unreasonable resource allocation, and combined with recent global trade data to confirm the direct impact of globalization on resource allocation. Further analyze the positive role of “the Belt and Road” initiative in labor mobility, international overcapacity absorption and international capital investment, reveal how “the Belt and Road” initiative shapes new potential for international cooperation, and provide strategies to promote the improvement of global resource allocation from multiple perspectives, including improving the flexibility of the global supply chain, optimizing international capacity cooperation, and improving the global big data industry system. Using both qualitative and quantitative research methods, this study not only has sufficient theoretical depth, but also takes “the Belt and Road” initiative as a case to demonstrate its importance in promoting the efficiency of global resource allocation.

Purpose. By discussing the current situation of global resource allocation in dilemma, significant imbalance in global resource allocation, counter current in globalization development, and geopolitical instability in the world, and analyzing the role of the “the Belt and Road” initiative in solving these problems, the paper proposes the next step of measures and suggestions for “the Belt and Road” initiative model to solve these problems. Research methods. When writing the article, general scientific and special approaches and methods were used, such as systemic and structural-logical approaches, analysis and synthesis, deduction and induction, Case analysis, comparative analysis and others.

Results. “The Belt and Road” initiative is an ideal strategy for optimizing international resources. From multiple perspectives, we aim to improve the rational and efficient allocation of global resources. Specifically, we are committed to maintaining global supply chain resilience, strengthening international capacity cooperation and development, improving the big data industry system that connects with the world, and adhering to the basic requirements of sustainable development.

Discussion. The proposed innovative measures will help to activate academic mobility and publishing activities, and will have an impact on the international community’s understanding of the “the Belt and Road” initiative, which will greatly encourage economists in relevant fields of science and technology to conduct further research in this direction using empirical analysis and economic mathematical methods.

Author Biographies

  • Wang Yongshun, Jiuquan Vocational and Technical College, Jiuquan, China

    Lecturer, PhD student, West Ukrainian National University

  • Roman Zvarych, West Ukrainian National University

    Sc. (Economics), Professor, Head of International Economic Relations Department

References

Xi Jinping (2019). The Belt and Road Initiative. Foreign language press. Bei Jing [in Chinese].

Georgescu, A. (2023). Expert at the National Institute for Research and Development in Informaticsin Romania, PhD in Risk Engineering for Critical Infrastructure Systems, “The Belt and Road” Initiative: Supply chain flexibility is a prerequisite for sustainable development. Collect in The past, present and future of “the Belt and Road” initiative. Gao Xiang, Costas GAuliamos, editor in chief-Beijing: China Social Sciences Publishing House, March 2023. [in Chinese].

LI Xiaohua (2023). “The Belt and Road” International Capacity Cooperation and Development Prospects. Collect inThe past, present and future of “The Belt and Road” initiative. Gao Xiang, (Sepp) Costas Guliamos, editor in chief-Beijing: China Social Sciences Publishing House. [in Chinese].

Gao Xiang, Kostas Gouliamos (2023). “The Belt and Road” Initiative-Pas, Present and Future. China Social Science Press, August 2023. [in Chinese].

Costa, E., Fahey J., Brsakoska Bazerkoska (2022). Social and Legal Relevance of Sincere Cooperati-on in EU External Relations Law in an Era ofExpanding Trade The Belt and Road Initiative in Context [J], City Research Onlin-eCity, University of London Institutional Repository. Retrieved from http://openaccess.city.ac.uk/. [in English].

IK, A. (2019). Research on the Present Situation and Countermeasures of Chinese Companies Investment in Djibouti under “One Belt and Road” [D]. [in English].

Parag Khanna (2020). Super map Global supply chain, super city and the rise of new commercial civilization. CITIC Publishing House Press, BeiJing. [in Chinese].

Chaboyer W., Latimer S., Priyadarshani U., et al. (2024). The effect of pressure injury prevention care bundles on pressure injuries in hospital patients: Acomplex intervention systematic review and meta-analysis [J]. International Journal of Nursi Studies, 155. DOI: 10.1016/j.ijnurstu.2024.104768. [in English].

The past, present and future of “the Belt and Road” initiative (2023). Gao Xiang, (Sepp) Costas Guliamos, editor in chief-Beijing: China Social Sciences Publishing House, March 2023. [in Chinese].

Parkyn, Andrew K. (2014). Multi-sensor platforms for the geophysical evaluation of sensitive archaeological landscapes: evaluation of, and improvement of, the MSP40 mobile sensor device for rapid multi-technique and low impact measurements on archaeological sites with vulnerable s [D]. University of Bradford. [in English].

Fang Cai Peter Nolan Linggui WANG Yuyan ZHANG, THE HANDBOOK OF THE BELT AND ROAD. China social sciences press. [in Chinese].

International Bank for Reconstruction and Development (2019). The World Bank, “Belt and Road Eco-nomics: Opportunities and Risks of Transport Corridors”. Retrieved from https://openknowledge.worldbank.org/bitstream/hand le/10986/31878/9781464813924.pdf.[in English].

Su J., Hu H. (2022). Observation and Policy Recommendations forIndustrial Relocation under the Belt and Road Initiative – From the perspectiveof international industrial- capacity cooperation [J]. DOI: 10.1007/978-981-19-2133-9_2. [in English].

Acquah M P, Bonsu M O A, Atampokah R. Global ValueChain:The Effects of Trade Mechanism on Energy Efficiency using Simultaneous Equation: Evidence from Asian Countries within Belt and Road[J]. Business and Economic Research, 2021, 11. DOI: 10.5296/BER.V11I3.18877. [in English].

Baum, M., Dibbelt, J.,Wagner, D.et al. (2020). Modeling andEngineering Constrained Shortest Path Algorithms for Battery Electric Vehicles [D]. Transportation Science. [in English].

HANDBOOK OF STATISTICS 2023. UN trade and development. [in English].

“The Belt and Road” National Industrial and Information Development Index Report and “the Belt and Road” (2022). Industrial and Information Development Index Report, issued by Huaxin Research Institute. [in Chinese].

Agreement between the European Union and the Government of the People’s Republic of China on cooperation on, and protection of, geographical indications (2020). Council of the European Union. OJ L 408I/3. [in English].

Fahey, E & Brsakoska Bazerkoska (2022). Critical perspectives on socialand legal relevance of sincere cooperation in EU external relations law in the era ofexpanding trade: thebelt & road initiative in context, 24 February 2022. Bloomsbury Publishing. Retrieved from https://openaccess.city.ac.uk/id/eprint/27881. [in English].

Downloads

Published

2024-08-04

How to Cite

Yongshun, Wang, and Roman Zvarych. “Optimize the Allocation of International Resource under ‘the Belt and Road’ Framework Strategy Research”. Herald of Economics, no. 2, Aug. 2024, pp. 42-57, https://doi.org/10.35774/visnyk2024.02.042.

Most read articles by the same author(s)

Similar Articles

1-10 of 258

You may also start an advanced similarity search for this article.