ABSTRACT
The Belt and Road Initiative (BRI) is a contemporary phenomenon of ongoing Chinese outbound investment since the new millennium. It represents a Chinese response to or a story line of modern globalization. Given its extensive and evolving scope and huge investment contemplated for global economic infrastructures, it has attracted enormous academic research and business interests globally. This research intends to apply new institutional economic theories and a case-study approach to investigate five infrastructure projects in three countries and interpret the BRI in the host context.
