Implications for the West: A New Center of Gravity

Ben Simpfendorfer

Chapter Chapter 8 in The New Silk Road, 2011, pp 154-173 from Palgrave Macmillan

Abstract: Abstract The events related in this book are the early tremors of a historic global rebalancing. However, it is not governments and multinational corporations but rather thousands of individual Arab and Chinese traders that represent the first tremors of change. It is a change occurring at the grassroots level. The distinction is important. Who notices the activities of an Arab trader in Yiwu or a Chinese trader in Damascus? It isn’t obvious how their activities have a meaningful impact on life in America and Europe. But these traders are symbolic of more powerful tides that are reshaping the global economy. The challenge is in trying to identify the forces at work as the center of gravity starts to shift away from the West toward the East.

Keywords: Saudi Arabia; Middle East; Chinese Government; Arab World; Silk Road (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30207-5_8

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DOI: 10.1057/9780230302075_8

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