China's Belt & Road Initiative : Prospect Of Connectivity Building In Nepal

Abstract

In today's globalized world, connectivity is essential to the country like Nepal, relatively poor, small and landlocked compared to two giant countries located between China and India. China as a second largest economy in the world has introduced Belt and Road Initiative (BRI) that supposed to connect countries along the road through six economic corridors. There are five major areas in BRI that consists of promotion of policy coordination, connectivity, unimpeded trade, financial integration and people to people relations. While Nepal is a member of BRI, expects to get connected and improve or build infrastructures and steer to from least developed country to developing country. The title of the research is China's Belt & Road Initiative: Prospect of Connectivity Building in Nepal. The research try to seek connectivity aspects critically in terms of various dimensions ranging from railway, road way, cross- border transmission line to high speed internet connection. Besides that, it also includes trade, tourism, and technology transfer, socio-cultural, economic and institutional prospects. The research has been solely based on contextual secondary sources. Recently published authentic books and Journals have been used to support the topic. It also aims to answer the research questions by finding some of the research gap on the topic. The research attempts to review Chinese foreign policy and its connection with BRI. The major finding of the research is that connectivity is the only possible way to grasp the opportunities for Nepal's overall development but she should be aware of the risks it may bring along with it.