Author(s)

Yunfeng Luo

Corresponding Author

Yunfeng Luo

Abstract

As an important concept of international cooperation put forward by China in the context of globalization, the "B&R" (The Belt and Road) initiative aims to reshape the international political and economic order by strengthening the interconnection and economic cooperation among countries along the route. This article theoretically discusses the role of this initiative in promoting the democratization of international relations, promoting regional peace and stability, building a diversified economic cooperation model and narrowing the economic gap between North and South. At the same time, it analyzes its challenges in geopolitical games, regional political instability, economic development differences and financial risks. This article systematically sorts out the relevant theoretical basis, and puts forward some countermeasures combined with specific strategies. Research shows that "B&R" initiative not only provides more development opportunities for developing countries, but also provides new ideas for global governance. However, in the process of promotion, it is still necessary to overcome complex external interference and internal coordination problems. To this end, this article suggests strengthening communication and diplomatic coordination, establishing flexible cooperation mechanisms, improving the financial risk prevention and control system and other measures to promote the initiative to be stable and far-reaching, and inject new impetus into the sound development of international political and economic order.

Keywords

"The Belt and Road" Initiative; International Political and Economic Order; Remodeling; Challenge