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One belt one road initiative in Central Asia: implications for competitiveness of Russian economy

Author

Listed:
  • M. Královičová

    (University of Economics in Bratislava, Slovakia)

  • M. Žatko

    (University of Economics in Bratislava, Slovakia)

Abstract

At the end of 2013, the Chinese government announced its intention to create the new strategic initiative called “One Belt One Road“, which includes a significant amount of countries from the Asia, the Middle East, the Africa and the Europe, and aims at the deepening of economic and security cooperation among participating countries. Furthermore, it covers the cooperation in the infrastructure. The initiative is now gaining its real shape, with the negotiations between potential participants being held between their highest political representatives. The total number of participating countries in not yet known, however, Belarus, Kazakhstan, Turkey, Thailand, Hungary, Spain and Russia are among many other countries, which have already confirmed their participation in the initiative. If successfully carried out, the project has a huge potential to influence international business flows, not only in Asia but also within the global economy. Numerous projects that are already well under way include China's most important trading partners, namely Central Asian countries and Russia. Especially in case of Russia that is currently facing serious economic problems, it is quite uncertain whether this initiative would have positive or negative impact on its own competitiveness. While planned logistic platforms and transport corridors built in Central Asia could possibly lead to increase of mutual trade, construction of energy infrastructure projects in the same area could possibly harm Russian economy. The aim of this paper is to critically assess consequences of currently implemented projects on the Russian economy, and to look at perspectives of their further development.

Suggested Citation

  • M. Královičová & M. Žatko, 2016. "One belt one road initiative in Central Asia: implications for competitiveness of Russian economy," Working Papers 2016/9, Maastricht School of Management.
  • Handle: RePEc:msm:wpaper:2016/9
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    References listed on IDEAS

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    1. Anna, Petrenko, 2016. "Мaркування готової продукції як складова частина інформаційного забезпечення маркетингової діяльності підприємств овочепродуктового підкомплексу," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 2(1), March.
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    Cited by:

    1. Choi, Syngjoo & Kim, Byung-Yeon & Lee, Jungmin & Lee, Sokbae & Bhattacharya, Prabir C. & Hsieh, Wen-jen & Wheatcroft, S.G., 2017. "Economic Development of Eurasian Countries from Wider Perspectives: Proceedings of the International Workshop," RRC Working Paper Series 68, Russian Research Center, Institute of Economic Research, Hitotsubashi University.

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    More about this item

    Keywords

    China; competitiveness; Russia; Trade Complementarity Index; Central Asia;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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