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

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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.

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