The Belt and Road Initiative (BRI) and the Build Back Better World (B3W) initiative are two major global development strategies, with the former being associated with China and the latter led by the United States and Western partners. Both aim to uplift millions out of poverty and enhance infrastructure development worldwide. This research article provides an overview of both initiatives, drawing on secondary data from various sources such as journal articles, websites, and reports. The study suggests that the BRI, particularly its transportation corridors, could accelerate economic growth and poverty reduction in many developing nations. However, for these benefits to materialize, significant policy reforms are necessary, including measures to enhance transparency, ensure debt sustainability, and address environmental, social, and corruption risks. The research aims to assist policymakers in developing countries by offering independent, empirical analysis to help them assess the potential benefits and challenges of participating in BRI projects. It evaluates proposed transportation projects across more than 70 countries connected by BRI corridors spanning Asia, Europe, and Africa. Additionally, the study provides a set of policy recommendations aimed at helping developing countries in these corridors maximize the advantages of BRI involvement while minimizing potential risks.

B3W, BRI, cold war, geopolitics, infrastructure

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