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On a Revitalized, Vibrant, and Prospective Phenomenon

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  • Atanas Damyanov

    (D. A. Tsenov Academy of Economics)

Abstract

The article comprises four sections – an introductory executive summary; a discussion of the Neo-classical concept of the Great Silk Road in Part One; the response of the USA and the EU in Part Two; and a detailed conclusion. The introduction describes the tectonic shift in the global economic triad (in the past, the present and the future) underlining the dynamic trends in the economic mainstream. Part One presents an analysis of the revival of the Silk Road and its substantiation through the One Belt – One Road initiative and justifies its multi-vector diversification. Part One discusses the negative implications of the Rust Belt in The United States of America. Having failed to undermine China’s initiative, the US launched their Blue Dot Network project whi9le the EU modified the original initiative into a European Silk Road. The extended conclusion reviews the second- and third-level synthesis to define the Belt Economy as an economic trend such as the digital, entrepreneurial, partnership, narrative, etc. types of economy

Suggested Citation

  • Atanas Damyanov, 2020. "On a Revitalized, Vibrant, and Prospective Phenomenon," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 3-12.
    • Handle: RePEc:dat:earchi:y:2020:i:1:p:3-12
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    File URL: http://hdl.handle.net/10610/4208
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    More about this item

    Keywords

    globalization; belt economy;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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