How China's Silk Road Initiative is Changing the Global Economic Landscape: 1st Edition (Hardback) book cover

How China's Silk Road Initiative is Changing the Global Economic Landscape

1st Edition

Edited by Yuan Li, Markus Taube

Routledge

304 pages

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Hardback: 9781138317451
pub: 2019-09-02
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Description

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.

Table of Contents

Introduction: The Belt & Road Initiative— Manifestations, Driving Forces and International Responses

Yuan Li & Markus Taube

Section I. The logic of the BRI and its domestic economic impacts

1. China’s rejuvenation and the Belt and Road Initiative

Justin Yifu Lin

2. Motivations, actors, and implications for the New Silk Road trains

Mario Esteban & Yuan Li

3. Can the Belt and Road Initiative promote the catching-up of China's West and South-West?

Giovanni Ferri, Li-Gang Liu, Camilla Mastromarco & Laura Serlenga

4. "The Belt and Road" Initiative will promote economic cooperation between China and Western countries

Chen Yongjun

Section II. BRI and it impact on the structure of global economic interaction

5. AIIB and the reform of international financial system

Xun Wang

6. Commodity structure of trade between China and the B&R countries and its implications for RMB internationalization

Yibing Ding, Qianwen Shen & Xiao Li

7. One Belt One Road Initiative and China’s Overseas Direct Investment

Julan Du & Yifei Zhang

8. The new dynamics of multilateral cooperation mechanisms in East Asia—China’s Belt and Road Initiative, the Asian Infrastructure Investment Bank, and Japan’s partnership for quality infrastructure

Werner Pascha

Section III. The impact of the BRI on regional cooperation

9. The Belt and Road Initiative: A hybrid model of regionalism

Andreas Grimmel & Yuan Li

10. Bridging westward to open the gates of Europe. Implementation of the Belt and Road Initiative in Central Asia and Belarus

Maria Danilovich

11. New Political cartography of Eurasia: China's Belt and Road-Initiative—The Eurasian Economic Union—India's New Silk Road

Nele Nösselt

12. "Belt and Road Initiative" and the new China-EU relations

Xieshu Wang, Joël Ruet & Xavier Richet

13. International relations and New Silk Road-BRI. European Union and China crucial roles

Giorgio Dominese

About the Editors

Yuan Li is a Professor for Business and Economic Studies of East Asia in the Mercator School of Management and Institute of East Asian Studies (IN-EAST), University of Duisburg-Essen, Germany

Markus Taube is a Professor of East Asian Economic Studies/China and Director of the IN-EAST School of Advanced Studies at the Mercator School of Management, University of Duisburg-Essen, Germany

About the Series

Routledge Studies in the Growth Economies of Asia

The aim of this series is to publish original, high-quality work by both new and established scholars on all aspects of the growth economies of Asia.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
SOC053000
SOCIAL SCIENCE / Regional Studies