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moderated by contexts, whereas more recent constitutive approaches view entrepreneurial innovation as a process wherein actors and contexts are co-created, and narratives play a key role ( Garud et al. 2014 ). Overall, despite the scholarly progress made

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Chinese infrastructural projects like the “Belt & Road Initiative” or the “Chinese 16 + 1 Initiative” are trapped in geopolitical narratives. Geopolitical concepts dressed in scientific robes make the logic of warfare begin to prevail over the logic of cooperation. As a consequence, something that was to be an opportunity for less developed countries, becomes the axis of conflict between the great powers. In this paper, I identify the logic of warfare as an underlining characteristic of geopolitical reasoning and show why it is incompatible with economic approach. I also argue that geopolitical concepts are not scientific theories, but rather self-fulfilling prophecies. This theoretical background allows to detect the biggest obstacles related to many Chinese initiatives, and also indicates some necessary means to neutralize geopolitical narratives.

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Paper, No. 152. Rodrik , D. (editor and contributor) ( 2003 ): In Search of Prosperity: Analytic Narratives on Economic Growth . Princeton, NJ: Princeton University Press

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. and Langley , A. ( 2011 ). Strategy as practice and the narrative turn . Organization Studies , 32 ( 9 ), 1171 – 1196 . Hung , W.H. , McQueen , R.J. , Ku , C.Y. and Chang

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Acta Oeconomica
Authors: Balázs H. Váradi, Tímea Várnai, and Barnabás Virág

Eurozone: Step 1 –Agreeing a Crisis Narrative . VOX, CEPR’s Policy Portal, November. Bell , B. – Machin , S. ( 2016 ): Brexit and Wage Inequality . In: Baldwin , R. (ed.): Brexit

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): 151 – 167 . Botterill , K. ( 2014 ): Family and Mobility in Second Modernity: Polish Migrant Narratives of Individualization and Family Life . Sociology , 48 ( 2

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): Reforming Land Tenure in Ethiopia: Historical Narratives, Political, Ideologies and Multiple Practices . Review of African Political Economy , 35 : 203 – 220 . Deininger , K

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. Paris . OECD ( 2017b ): New Approaches to Economic Challenges. Towards a New Narrative . OECD Forum 2017 . Paris

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the quintessence of pragmatism that has informed Chinese market reforms of the past four decades. A yet shorter timeline starts with the change of narrative during the rule of Xi Jinping, the party's current leader since the end of 2012, and the

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impressionistic or narrative way, in the next section. 2 Factors that contributed to China's growth “Economic miracles” happen when a series of factors jointly play a positive role on economies. These factors increase the productivity of the available factors of

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