ABSTRACT

China’s New Silk Road initiative constitutes one of the most ambitious projects in recent decades designed to change the pattern of the global economic division of labour as well as the geostrategic balance of power. It has the potential to create a new fabric of industrial value creation that links China and East Asia via Central and South Asia with Europe, and to forge new regional and multilateral institutions that complement or compete with existing regional and global governance systems. First proposed in 2013, the new initiative is only now starting to be rolled-out, with trade relations gradually intensifying, and the first investment projects and infrastructure clusters becoming manifest. However, the full impact of the evolving new regional value chains on global goods flows, investment activity, supra-national institution building, as well as their wider international implications, remains undetermined. This book brings together leading scholars from economics, political science and area studies, who present the latest cutting-edge knowledge and the latest state-of-the-art economic and political analysis on how the new initiative is developing and likely to develop.

chapter |18 pages

Introduction

The Belt & Road Initiative—manifestations, driving forces, and international responses

part Section III|98 pages

The impact of the BRI on regional cooperation

chapter 9|20 pages

The Belt and Road Initiative

A hybrid model of regionalism

chapter 10|21 pages

Bridging westward to open the gates of Europe

Implementation of the Belt and Road Initiative in Central Asia and Belarus

chapter 11|18 pages

New political cartography of Eurasia

China’s Belt and Road Initiative—The Eurasian Economic Union—India’s New Silk Road

chapter 13|18 pages

International relations and New Silk Road-BRI

European Union and China crucial roles