The Belt and Road Initiative and the Transformation of Globalization
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Abstract
Globalisation contributed to the economic, social, political and cultural development of the deve- loped and developing countries. At the same time, it had an adverse effect, which is in-creasing disparity of income between various social groups and countries. The continuation of such process will lead to the weakening of globalisation, so there is a need to transform globalisation. According to the Author, the initiative of China, entitled: New Belt and New Road is an example of such actions and will contribute to giving new impetus to the process of globalisation in the future.
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