Raufhon Salahodjaev, PhD – Professor, Tashkent State Economics University, Tashkent, Uzbekistan

Series: Economic Issues, Problems and Perspectives
BISAC: BUS069000; BUS035000
DOI: https://doi.org/10.52305/APAC3578

Over the past two decades, there has been growing interest in understanding the drivers of rapid growth rates of countries in Central, East and South Asia. For example, countries such as China, Lao PDR, Vietnam, Uzbekistan and Mongolia were in the list of most rapid growing countries in the period of 2000-2020. As a result, these countries have considerably increased quality of life, standards of living and life satisfaction. For example, Uzbekistan is consistently ranked among one of the happiest developing countries in the world. The present book attempts to build up on existing empirical research to offer all-encompassing evidence on some of the drivers and correlates of economic growth and quality of life in the Belt and Road Initiative countries. It explores the relationships between renewable energy and CO2 emissions, financial development and economic growth, institutional and life satisfaction, among others.

“If one were to only read the title of the edited text, Economic Growth and Wellbeing: Evidence from the Belt and Road Initiative Countries, one could assume that the chapters in the edited text would be about BRI investments and infrastructure building and other endeavors for the particular target countries and regions. One would not expect there to just be statistical analyses of various public data at the national and regional levels to understand macro-level dynamics that promote economic development and well-being (with data from years prior to BRI’s advent). One would not expect patterned data analytics using high-level statistical analyses of particular variables, directly measured and proxied…This work does contribute insights to those working in global development, BRI or not. Perhaps this is a public conversation that needs to be had about the BRI and President Xi Jinping’s vision for an interconnected world brought together around development and trade…Read more at >>>” – Shalin Hai-Jew, Instructional Designer/Researcher, Kansas State University. Published in C2C Digital Magazine (Fall 2022 / Winter 2023)

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