Since China proposed the “One Belt, One Road” initiative in 2013，The Belt and Road Initiative has been implemented for more than ten years。current，Understanding the Belt and Road Initiative from a development-oriented perspective is of special significance in promoting global governance reform。

The development orientation is a transcendence of the rule orientation of the current global governance system，has the following main characteristics。First, emphasize not taking rules as the threshold。Free Trade Agreement (FTA) in the current global governance system、Multilateral mechanisms such as the World Trade Organization (WTO) all use rules as their threshold，Bet365 app download The joint construction of the “Belt and Road” initiative does not rely on rules as a premise。Second, the development orientation of the joint construction of the “Belt and Road” initiative is based on interconnection and interoperability。Third, the development orientation of the joint construction of the “Belt and Road” initiative aims to solve the imbalance of development bet365 best casino games between regions or between different countries。

The development orientation of “One Belt, One Road” is of outstanding significance in promoting the reform of global governance。First，Development orientation reflects the true sense of openness。Current regional economic integration or multilateralism both emphasize openness，But because rules are used as the threshold，Developing countries, especially the least developed countries, cannot truly participate。For example，High degree of EU integration，But its entry threshold is also high，Many Central and Eastern European countries cannot participate，It is even more difficult for African countries to participate in relevant cooperation under the EU framework。Even multilateral trading mechanisms such as the World Trade Organization have higher rule thresholds。However，The development orientation of Bet365 app download The joint construction of the “Belt and Road” initiative does not take rules as a premise，Provides opportunities and platforms for developing countries and least developed countries to participate in international cooperation。

Secondly，A development orientation can help alleviate global market failures。Global market failure is highlighted in the field of infrastructure。Long time，Infrastructure is under-provisioned globally bet365 best casino games and regionally。The outstanding feature of the infrastructure field is the long investment cycle、Large scale，But the investment income is slow to bear fruit，Therefore, private companies are unwilling to invest or lack the motivation to invest。This is a typical market failure。Such a failure can easily be solved within a country through central government intervention。For example，China has solved the problem of insufficient infrastructure investment in poor western areas through the development of the western region。However, there has long been a problem of insufficient investment in infrastructure on an international scale。Joining the Belt and Road Initiative can solve the problem of insufficient investment in infrastructure，Thereby mitigating market failure。Government cooperation under the “Belt and Road” initiative，Government cooperation, especially between big countries, is crucial to solving market failures。The “One Belt, One Road” initiative proposed by China，Triggering an increase in investment in infrastructure in developed countries。For example，G7、Regional cooperation mechanisms such as the European Union have increased investment in infrastructure。From this perspective，Bet365 app download The joint construction of the “Belt and Road” initiative has exerted the “catfish effect”，China’s increased investment in infrastructure has attracted other countries’ attention to investment in infrastructure，Objectively helpful in alleviating global market failures。

Finally，Development orientation requires the development and utilization of existing comparative advantages，We need to create new comparative advantages。According to international economic theory，The main goal of multilateral cooperation mechanisms and regional economic integration is to develop and utilize the comparative advantages among member states、Comparative advantage of labor force、Market comparative advantages, etc.。Due to the lack of basic comparative advantages to participate in global competition，The least developed countries have weak ability to participate in regional economic integration and multilateral cooperation mechanisms。Co-building the “Belt and Road” initiative requires both developing and utilizing comparative advantages，It can also create new comparative advantages for the least developed countries。The important carrier of “One Belt and One Road” is the economic corridor。Different from free trade Bet365 lotto review agreement，The main goal of the economic corridor is to eliminate development differences among member countries。Economic cooperation under the “One Belt, One Road” framework is neither purely commercial cooperation，It is not foreign aid that is misunderstood by many countries。China has put forward the correct concept of justice and benefit。Under the guidance of the correct view of justice and benefit，Cooperation under the framework of “One Belt, One Road” is diversified cooperation，Existing business cooperation、Profit-sharing cooperation that gives more but takes less，There is also foreign aid that only gives but does not take，This kind of diversified cooperation provides prerequisites for the least developed countries to create new comparative advantages。

In addition，What needs to be emphasized is，Although the “Belt and Road” mechanism does not take rules as a premise，But it doesn’t mean we don’t need rules。At the 3rd “Belt and Road” International Cooperation Summit Forum to be held in 2023，China formally proposes to improve the “Belt and Road” international cooperation mechanism。Mechanization construction is actually the construction of rules and systems，Bet365 app download The joint construction of the “Belt and Road” initiative bet365 Play online games does not set rules as the threshold，It does not mean that we don’t need rules and mechanisms。Future，We should build rules and mechanisms based on the needs of trade and investment cooperation，In other words，Rules are natural demands that develop as cooperation deepens and expands。

(The author is the dean of the Institute of Asia-Pacific and Global Strategy, Chinese Academy of Social Sciences)