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The Impact of the New Silk Road Project on the Global System as an Economic and Political Instrument

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  • Osman TEKİR
  • Nesrin DEMİR

Abstract

The world is witnessing the rise of China, which started at the end of the 1970s, accelerated in the early 2000s and continues today. This rise is of interest to all countries in terms of world economypolitics, with the emphasis on economy as well as the idea that powerful economies will bring about political influence. The animation project of the former Silk Road, which was announced in 2013 in particular, is a project with enormous dimensions to be influential on a global scale, with apparently economic purposes but also with political, social and cultural dimensions. The rise of China and the “New Silk Road Initiative” are also a threat to the global hegemony of the United States, which won the Second World War and the Cold War afterwards. So much so that today’s intense diplomacy, conflict and terrorist incidents in the region and countries on the Pacific, Central Asia and Silk Road routes, especially in the Middle East, and even allegations that the United States has been allied with terrorist organizations in recent times, China-US is described as an element of global sovereignty struggle. In this study, the rise of China, the economic and strategic dimensions of the New Silk Road project, and the relationship between China and the United States were discussed.

Suggested Citation

  • Osman TEKİR & Nesrin DEMİR, 2018. "The Impact of the New Silk Road Project on the Global System as an Economic and Political Instrument," Sosyoekonomi Journal, Sosyoekonomi Society, issue 26(38).
    • Handle: RePEc:sos:sosjrn:180411
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    References listed on IDEAS

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    6. Mike Callaghan & Paul Hubbard, 2016. "The Asian Infrastructure Investment Bank : Multilateralism on the Silk Road," Macroeconomics Working Papers 25355, East Asian Bureau of Economic Research.
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    More about this item

    Keywords

    China; New Silk Road; Sino-US Relations.;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F15 - International Economics - - Trade - - - Economic Integration

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