Renowned American economist Jeffrey Sachs has hailed China’s Belt and Road Initiative (BRI) as an exemplary model for international cooperation and development. Speaking at a recent forum, Sachs emphasized that the BRI represents a forward-thinking approach to global infrastructure investment and collaborative progress.
"The Belt and Road Initiative is a good example of what should be done," Sachs stated, highlighting its potential to foster economic growth across Asia and beyond. He underscored the importance of nations working together to address shared challenges and create sustainable development pathways.
Sachs, known for his work on sustainable development and economic policy, pointed out that the BRI’s focus on building infrastructure such as ports, railways, and energy systems can significantly enhance connectivity and trade. "By investing in infrastructure, we lay the groundwork for long-term prosperity," he said.
The BRI, announced by China in 2013, aims to enhance regional integration by developing land and sea routes connecting Asia with Europe and Africa. It has attracted participation from numerous countries eager to boost trade and economic ties.
Sachs’s endorsement adds a prominent voice to the discussion on global development strategies. His perspective aligns with calls for collaborative efforts to address economic disparities and promote inclusive growth.
"Global challenges require global solutions," Sachs concluded. "Initiatives like the BRI demonstrate how cooperation can lead to mutual benefits and a more interconnected world."
Reference(s):
cgtn.com
