Building Scenarios on the Regional Integration in Eurasia along the New Silk Road

Hannes Thees () and Greta Erschbamer ()
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Hannes Thees: Catholic University of Eichstätt-Ingolstadt, Germany, Postal: Chair of Tourism/ Center for Entrepreneurship, Catholic University of Eichstätt-Ingolstadt, Germany
Greta Erschbamer: Eurac Research, Italy, Postal: Center for Advanced Studies, Eurac Research, Italy

Journal of Economic Integration, 2022, vol. 37, issue 3, 423-457

Abstract: Regions are gaining importance as globalization struggles with local sustainable implementation. Thus, regional integration assumes economic development based on transnational cooperation, including regionalization and regionalism. The New Silk Road (NSR) offers a set of policies (including the Belt and Road Initiative) for regional integration that faces challenges in geopolitics and geoeconomics with problems at the local and regional scale, especially along its core corridor, namely, the Eurasian Land Bridge. Therefore, we focus on the NSR implementation by examining the scenarios for future regional integration along the NSR in Eurasia. Using a stepwise scenario building method, including a literature review and qualitative interviews, four scenarios are outlined to explore regional cooperation and the impacts: from (1) withdrawal/reduction of the NSR towards (2) solo efforts by Chinese shareholders, (3) corridorintegration and finally, (4) deep regional integration. This study examines the interface between economic geography and international relations.

Keywords: New Silk Road; Belt and Road; Regional Integration; Regional Effects; Regional Cooperation; Scenario Building (search for similar items in EconPapers)
JEL-codes: F02 F15 O18 O19 O24 O47 P25 P45 R11 R58 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0855

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