World bank analysis of BRI which shows that BRI is a net positive to the world: " BRI will potentially have a large effect on trade and welfare for many countr

World bank analysis of BRI which shows that BRI is a net positive to the world: " BRI will potentially have a large effect on trade and welfare for many countries ▪ All countries in the world experience a decrease in trade costs ▪ Not all sectors/countries will gain but potential aggregate effect is largely positive But many policy barriers still remain in place. Potential gains of BRI would be enlarged by complementary reforms ▪ Need to reduce border delays, trade barriers and FDI restrictions ▪ But also boost investor protection, open public procurement, ensure private sector participation Economic and non-economic risks associated to BRI projects need to be managed ▪ Public debt sustainability, governance, environmental and social concerns ▪ Coordination problems, lack of data, poor transparency magnify these challenges" [1]http://pubdocs.worldbank.org/en/501961539875310440/Michele-BRI-Oct4-eng.pdf http://pubdocs.worldbank.org/en/501961539875310440/Michele-B...