The Eurasian Land Bridge: linking regional value chains along the New Silk Road

Richard Pomfret

Cambridge Journal of Regions, Economy and Society, 2019, vol. 12, issue 1, 45-56

Abstract: This article argues that the establishment of the China–Europe Land Bridge predated the announcement of China’s One Belt One Road (Belt and Road Initiative) and has been market-driven, as service providers identified and responded to demand for efficient freight services along pre-existing railway lines. Governments’ role was trade facilitating, that is reducing delays and costs at border crossing points, rather than investing in hard infrastructure. Service providers responded by linking European and Asian value chains (for example in automobiles and electronic goods) and reducing costs for traders shipping between China and Europe. In sum, market forces were the catalyst for the rail links between China and Europe that are often analysed in the context of China’s economic rise and Chinese international relations.

Keywords: Belt and Road Initiative; trade costs (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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