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International Journal of Frontiers in Sociology, 2024, 6(4); doi: 10.25236/IJFS.2024.060411.

Opportunities and Challenges of East Asian Economic Cooperation from a Cross-cultural Perspective—Taking the Implementation of the Belt and Road as an Example

Author(s)

Yalei Lyu, Haosen Zhang

Corresponding Author:
Yalei Lyu
Affiliation(s)

Yonsei University, Seoul, 03722, South Korea

Abstract

The Belt and Road (B&R) initiative is undoubtedly a milestone in China's foreign exchanges and economic cooperation between countries. This strategic concept not only deepens China's economic ties with countries along B&R, but also injects new vitality into international regional economic cooperation. However, in the process of promoting cooperation, there are also many opportunities and challenges. The implementation of the B&R initiative has promoted deep cooperation between China and countries along B&R in areas such as infrastructure, resource growth, and capacity cooperation, opening up new space and channels for China's economic growth. At the same time, by strengthening cultural exchanges, enhancing mutual understanding and friendship, a solid foundation has been laid for economic cooperation. However, due to significant differences in social culture, investment environment, and policies among countries along the route, this has brought new challenges to China's economic growth. In cross-cultural cooperation, it is necessary to overcome language barriers, cultural differences, and other issues to ensure smooth cooperation. In addition, the complexity of the investment environment and the uncertainty of policies may also bring risks to collaborative projects. This article explores the opportunities and challenges of East Asian economic cooperation from a cross-cultural perspective.

Keywords

Cross cultural perspective; East Asian Economic Cooperation; Opportunities and challenges; The Belt and Road Initiative

Cite This Paper

Yalei Lyu, Haosen Zhang. Opportunities and Challenges of East Asian Economic Cooperation from a Cross-cultural Perspective—Taking the Implementation of the Belt and Road as an Example. International Journal of Frontiers in Sociology (2024), Vol. 6, Issue 4: 61-65. https://doi.org/10.25236/IJFS.2024.060411.

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