The China-Central Asia-West Asia Economic Corridor of the Belt and Road Initiative's Economic Impact on Kazakhstan

Müge Çınar

No 3a6d9, SocArXiv from Center for Open Science

Abstract: In September 2013, Chinese President Xi Jinping introduced an ambiguous, geoeconomic & geostrategic concept, “One Belt One Road,” during his visit to Kazakhstan. This global infrastructural development strategy was later defined as the Belt and Road initiative, which is an umbrella for the concepts of the Silk Road Economic Belt and the 21st Century Maritime Silk Road. the Belt and Road Initiative set out to accomplish more advanced transport connections and better economic integration of the member countries. it also aims for interconnection in finance, policies, and infrastructure. Kazakhstan, whose energy and transport infrastructure China has already invested in prior to the BRI, is essential for the SREB, the land-based section of the BRI since it occupies a crucial geostrategic position in the region. Kazakhstan, apart from its great landmass in Euroasia that makes it a linchpin for transport and trade links on the continent, holds large energy reserves. Moreover, it is the strongest economy in the region. Thus, “China considers Kazakhstan crucial for transit, a source of energy, and as a stable neighbour of its unstable Xinjiang province”. This article, It is aimed to analyze the importance of the China-Central Asia-West Asia Economic Corridor of the Belt and Road Initiative's Economic Impact on Kazakhstan.

Date: 2021-01-08
New Economics Papers: this item is included in nep-cis, nep-int, nep-tra and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:3a6d9

DOI: 10.31219/osf.io/3a6d9

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