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| The Institutional (Cultural) Constraints to Implementation of “One Belt and One Road” Initiative |
| TAO Yi-tao |
| Research Center of China’s Special Economic Zones, Shenzhen University, Shenzhen, Guangdong, 518060 |
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Abstract Basically, the implementation of “One Belt and One Road” initiative is not only an economic issue for both China and the countries along the route but a non-pure economic issue in which culture outweighs capital and institution outweighs technology. In comparison to capital and technology, the constraints from institutions (cultures) are both the softest and the hardest. The so-called institutional (cultural) constraints refer to the barriers in mutual understanding of the internal institutional arrangements caused by cultural elements such as different customs and values, and the impact of the internal institutional arrangements of different cultural traits upon the establishment of formal institution and the formation of the institutional environment in broader regions or within the community. The key to transcend the institutional (cultural) constraints is to establish an operable institution of mutual understanding and tolerance——a common cultural cognition system——on the basis of common prosperity. This should be the first strategy and consideration to ensure the implementation of “One Belt and One Road” initiative in both logical and real sense.
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Received: 25 October 2016
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2016, Vol. 33 
