TITLE:
The Impact of the Belt and Road Initiative in Boosting Local Business through Asia and Africa Satisfaction: A Study of Kenya-China Business Projects
AUTHORS:
Mister Alkhalloufi Toumert
KEYWORDS:
B & R Initiative, Impact, Boosting Local Business, Asia and Africa Satisfaction
JOURNAL NAME:
Open Journal of Business and Management,
Vol.9 No.4,
July
15,
2021
ABSTRACT: The core idea of the BRI is to create peace and cooperation between
nations, acceptance and inclusive assistance, mutual learning platform, and
mutual benefit for states actors and citizens. It is also one of its pillars to
achieve shared growth through debate and collaboration. This study wanted to
answer the questions on the economic reach of the B & R, its capacity to
fill in the gap in foreign investment towards developing nations, the
fulfillment of its economic mission, and the challenges it faces. Among the
chosen population of this study, samples were
acquired using simple random sampling, which will answer the survey
questionnaire. The survey results showed that the majority of the respondents
were from China, with International Relations studies and diplomats based in
Beijing. The results showed that the B & R initiative has proven to be a
key economic initiative with a domestic impact and an international one. It has
ignited a new economic momentum for undeveloped economies eager to have access
to funds and know-how in Infrastructure building, highways, airports, seaports,
railway linkages, and energy development have an impact on the social and local
economic fabrics of the host nations. The data and survey results all point to
the initial success of the B & R initiative. As the COVID-19 has halted the
world economic flow, the future is still undecided on how China will pursue its
globalization through the Belt and Road
while strengthening its domestic GDP to overcome the global economic
turndown.