The purpose of the current economics assignment is to make a comparison between two journal articles that emphasize on Belt & Road initiative in order to illustrate the increasing role of China in the global economy.
Innovation is the key to success in today’s competitive and ever-changing global economy. As per the study of Reddy, Chundakkadan and Sasidharan (2021) taken in the economics assignment, innovation refers to the process by which new technologies are created and further used in the economy.