Economics and trade impact of the silk road economic belt initiative the belt and road initiative bri is a project proposed by china to foster and enhance connectivity between asia, europe, and africa. Inclusive global platform for economic cooperation during his state visit to kazakhstan in september 20 and to indonesia a month later, president xi jinping proposed jointly building a silk road economic belt and a 21st century maritime silk road, now officially known as the belt and road initiative bri. As china implements its th 5year plan for national economic and social development, one might ask how efforts being proposed will affect global health through the socalled belt and road initiative. In 20, president xi jinping raised the important initiative of jointly building a silk road economic belt and a 21 st century maritime silk road, known today as the belt and road initiative bri.
Russia is uniquely positioned to benefit from and contribute to the signature initiative of chinese president xi jinping, known as one belt, one road, political analyst irina alksnis wrote for vzglyad, commenting on the international forum on the silk road economic belt and the 21stcentury maritime silk road development strategy. Bri emerged after two major events, one economic and the other. The belt and road initiative aims to connect the asianpacific economic. Central asia occupies the centrepiece of chinas silk road economic belt sreb initiative. The initiative aims to promote economic prosperity, development, and regional economic cooperation. Download the report china unveiled the concept for the twentyfirst century maritime silk road msr in 20 as a development strategy to boost infrastructure connectivity throughout southeast asia, oceania, the indian ocean, and east africa.
During his visit to beijing, president uhuru and the chinese president xi jinping signed a cooperation agreement within the framework of the silk road economic belt and the 21st century maritime silk road initiative. To build a new and sustainable silk road economic belt, advancing. Among other objectives, the belt intends to promote infrastructural development and connectivity, and stimulate economic integration across the eurasian. The idea of central asia as a regional grouping in political and security terms is almost non.
Compiled by the fung business intelligence centre based on the framework chapter of the vision and actions on jointly building silk road economic belt and 21st entury maritime silk road. The revival of the ancient silk road economic belt, combined with the 21st century sea lanes of communication known as the road, is intended to enhance global connectivity and increase commercial activity. Obor comprises a landbased silk road economic beltlargely analogous to the historical silk roadand an oceangoing maritime silk road linking. Introduction the belt and road initiative, namely the silk road economic belt and 21stcentury maritime silk road, is chinas major move to expand and deepen the openingup policies to the outside world, arousing wide concern in the international community. The silk belt and road initiative will connect asian. Chinas silk road economic belt is the largest and most ambitious undertaking yet proposed by beijin. This article explores the dual security challenges faced by the one belt, one road initiative. In this regard, the beijingled one belt, one road initiative offers an excellent opportunity for the central asian leadership to practice evidencebased decision. Pdf building a new and sustainable silk road economic belt.
This oneyear desk and field study has examined the silk road economic belt from a security perspective. Three opportunities and three risks of the belt and road. It sheds light on what has motivated china to initiate it, and how it fits into chinas own evolving. Slide 3, obor political map labeled with one belt, one road. The new silk road economic belt promises to connect europe and asia overland through a large network of highways, railways, pipelines, trade corridors, and digital infrastructure. Integrating afghanistan into the belt and road initiative. Full text of the vision for maritime cooperation under the. Can the health silk road intervention save chinas belt road initiative. The study, out now in a report entitled from silk road to silicon road, how the belt and road initiative will transform the global economy, looks at the economic impact on the global economy, on each of the ten regions of the world and on more than 20 leading economies. One road one belt, silk road economic belt, china, central asiathe author would like to thank mr. Economic policy implications of the belt and road initiative for cesee and austria i. Pdf the silk road economic belt security implications.
The one belt, one road initiative global trade analysis project. A stated goal of chinas belt and road initiative is to strengthen economic integration and policy coordination in the broad eurasia region. Geographic coverage of the silk road economic belt and the 21st century maritime silk road source. Since then, the bri has attracted widespread attention from the world, especially from global and regional powers, and has become the focus of the geocompetition between china and the us.
Vision for maritime cooperation under the belt and road initiative. New report on the chinese belt and road initiative. Promote friendship between our people and work together to build a bright future. The impact of the belt and road initiative investment in. Arthur guschin for his help and comments on the paper. As a major challenge in building a new and sustainable silk road economic belt, threats induced by poor groundwater management have raised stress on the groundwater resources in the yinchuan plain. The study area is part of the guanzhong basin, located at the starting point of the silk road economic belt, and occupies an important position in chinas regional economic pattern li et al. Chinas belt and road initiative from a global health. In 20, president xi jinping raised the initiative of jointly building the silk road economic belt and the 21st century maritime silk road hereinafter referred to as the belt and road initiative. This report addresses some of the existing gaps in discourse on the security implications of chinas silk road economic belt the belt. The belt and road initiative bri is an ambitious effort to deepen regional cooperation and improve connectivity on a transcontinental scale. We must build the silk road economic belt and 21st century maritime silk road, creating a new regional economic order. Carolijn van noort1 abstract in 20, china launched the belt and road initiative bri resulting in infrastructural projects that have highlighted new political and economic opportunities along the new silk road. Silk road economic belt has origins in previous diplomatic adventures.
One road one belt, silk road economic belt, china, central asia the author would like to thank mr. The silk road economic belt the belt component of the belt and road initiative proposed by china in 20 is an ambitious vision that has evoked enthusiasm among many stakeholders. Actions on jointly building silk road economic belt and 21stcentury maritime silk road document released on 28 march 2015, even though it is only vaguely defined and the geographical scope is not precisely delimited. Map of central asia illustrating silk road economic belt. The bri is geared towards encouraging greater policy coordination, infrastructure connectivity, investment and trade cooperation, financial integration, cultural. New eurasian land bridge economic corridor nelbec 2. The belt and road initiative in cesee in 20 chinas president xi jinping announced the belt and road initiative bri, also known as the new silk road, which has been. Building a new and sustainable silk road economic belt. However, intensive human activities to be induced by it may double the water crisis in central asia, deteriorate the vulnerable environment, and accelerate energy consumption in this area. In 20, chinese president xi jinping announced plans to build a silk road economic belt and a 21st century maritime silk road, now known as the belt and road initiative bri.
This paper argues that that initiatives disregard for the economic viability of projects and the domestic limitations of countries like sri lanka and pakistan have both external and internal ramifications for the recipient countries. The bri is geared towards encouraging greater connectivity, economic flow, the growth of job opportunities, investment, consumption, cultural exchange and the spirit of regional cooperation between asia, europe and africa by creating jointly. Can the health silk road intervention save chinas belt road. Slide 1, obor political map labeled with silk road economic belt. The one was dropped to better reflect the multitude of belts and roads that the initiative comprises.
The silk road economic belt the silk road economic belt is a longterm vision for the infrastructural development, connectivity and economic cooperation of eurasia and is spanning six development corridors, namely. A study of ict connectivity for the belt and road initiative bri. The belt and road initiative aims to connect the asianpacific economic area with the european economic area by building up two maritime routes, referred to as the 21st century silk road. The belt and road, china, agricultural products trade, competition, complementarity 1.
Today, the development of the eurasian land mass as described by china as part of the silk road economic belt could also be described as a similar venture. According to bri, the belt refers to silk road economic belt which is the land routes among. The map of one belt, one road template includes three slides. Yet, reviving the silk road in central asia will not be easy and the geopolitical challenges will be the biggest hurdle to building the sreb in the region. Ministry of commerce prc vision and actions on jointly building silk road economic belt. In this study, chinas eurasian pivot is approached as a creativity strategy from the perspective of social identity theory. The economic and humanitarian impact of the coronavirus around the. The silk road economic belt the belt component of the belt and road initiative, announced by xi jinping over four years ago, represents an ambitious chinese vision to promote infrastructural development and connectivity, and stimulate economic integration across the eurasian continent.
Chinas belt and road initiative from a global health perspective as china implements its th 5year plan for national economic and social development, one might ask how efforts being proposed will affect global health through the socalled belt and road initiative. Coordination of the eurasian economic union and the silk. The silk road economic belt friedrich ebert foundation. Following sri lanka, pakistan is rapidly accumulating billions of dollars of chinese debt under the belt and road initiative. After china proposed the initiative, countries within the new silk road economic belt, especially the five central asian countries, responded enthusiastically and positively, while southeast and south asian countries, on the other hand, expressed more concerns and reservations about the initiative. The silk road economic belt the belt component of the belt and road initiative, announced by xi jinping over four. The initiative includes a series of transportation infrastructure projects, which are proposed along two pillars. The belt and road initiative and the us indopacific. Pdf silk road economic belt as chinas eurasian dream. Central asia and the silk road economic belt university of central. In march 2015, with state council authorisation, the national development and reform commission, ministry of foreign affairs. The silk road economic belt is the key component of chinas eurasian pivot strategy.
The silk road economic belt and the 21st century maritime. The silk road economic belt and the 21 st century maritime silk road initiatives one belt, one road are of significance in enhancing chinas open economy. Vision and actions on jointly building silk road economic belt and 21stcentury maritime silk road. Specifically, the elt links hina to entral and south asia and onward to europe, while the road links. This unique and currently only available study into the proposed silk road economic belt examines the institutional, financial and infrastructure projects that are currently underway and in the planning stage across the entire region.