The New Silk Road, part II: implications for Europe

Stephan Barisitz () and Alice Radzyner ()
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Stephan Barisitz: Oesterreichische Nationalbank, Foreign Research Division, http://www.oenb.at
Alice Radzyner: Oesterreichische Nationalbank, https://www.oenb.at

Focus on European Economic Integration, 2017, issue Q4/17, 70-81

Abstract: Through the New Silk Road (NSR) initiative, China increasingly invests in building and modernizing overland and maritime infrastructures with a view to enhancing the overall connectivity between China and Europe. The NSR runs through a number of Eurasian emerging markets and extends to Southeastern Europe (SEE), where Chinese investments include the modernization of ports and highspeed rail and road projects to speed up the transport of goods between China and Europe (e.g. port of Piraeus, rail connection to Budapest). Participation in the NSR will probably stimulate SEE’s economic expansion and may even contribute to overcoming its traditional peripheral position in Europe. Ideally, SEE will play a role in catalyzing a deepening of China-EU economic relations, e.g. by facilitating European exports to China and other countries along NSR trajectories, which would boost growth in Europe more widely. In the long run, these developments might also influence the EU’s political and economic positioning on a global scale.

Keywords: New Silk Road; One Belt; One Road; connectivity; trade infrastructure; economic (search for similar items in EconPapers)
JEL-codes: F15 F34 N75 R12 R42 (search for similar items in EconPapers)
Date: 2017
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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