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

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  • Richard Pomfret

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.

Suggested Citation

  • Richard Pomfret, 2019. "The Eurasian Land Bridge: linking regional value chains along the New Silk Road," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 12(1), pages 45-56.
    • Handle: RePEc:oup:cjrecs:v:12:y:2019:i:1:p:45-56.
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    File URL: http://hdl.handle.net/10.1093/cjres/rsy030
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    Cited by:

    1. Nicholas Jepson, 2021. "Hidden in Plain Sight: Chinese Development Finance in Central and Eastern Europe," Development and Change, International Institute of Social Studies, vol. 52(5), pages 1222-1250, September.
    2. Hannes Thees, 2020. "Towards Local Sustainability of Mega Infrastructure: Reviewing Research on the New Silk Road," Sustainability, MDPI, vol. 12(24), pages 1-35, December.

    More about this item

    Keywords

    Belt and Road Initiative; trade costs;

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