Chinese Global and Russian Spatial Strategies: Harmonization Potential

Pavel Aleksandrovich Minakir ()
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Pavel Aleksandrovich Minakir: Economic Research Institute FEB RAS

Spatial Economics=Prostranstvennaya Ekonomika, 2017, issue 2, 7-15

Abstract: A probability of the harmonization of the Chinese sub-global strategy ‘One Belt, One Road’, proposed in 2013, and Russian integration project for the Eurasia economic cooperation are reviewed as well as the influence of this potential synchronized project on the Far Eastern segment of the Russian spatial strategy. It is noted that the problems of spatial heterogeneity gave push to the ‘One Belt, One Road’ project when China approached the point in economic development where different regional economic zones demand new infrastructural solutions for maintaining economic dynamics. The article shows that the declared co-development of countries involved is based on the rigid pragmatic financial-credit and infrastructural expansion of Central Asian model: mandatory provision of significant share in property (controlling stake, if possible), mandatory financing with construction contract and guaranteed future export of services for operating the facilities, ensuring the rights on full (or no less than 50%) export of raw materials for further processing to China, employing Chinese labor in Russian-Chinese enterprises, and using Chinese machinery and equipment

Keywords: Eurasia; Silk Road; cooperation; competition; investments; Far East; strategy (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:far:spaeco:y:2017:i:2:p:7-15

DOI: 10.14530/se.2017.2.007-015

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