IDEAS home Printed from https://ideas.repec.org/a/ntu/ntugeo/vol12-iss1-75-86.html
   My bibliography  Save this article

How Many Plus One And For How Long? A Brief Critical Assessment Of China-Cee Cooperation

Author

Listed:
  • Sarmiza Pencea

    (Economic Development Models Dept. Institute for World Economy)

Abstract

This paper looks at the meteoric rise and downfall of the 16+1 platform, created by China in 2012 for its “win-win” cooperation with sixteen Central and Eastern European (CEE) countries. The format has never managed to become as globally well known as China’s Belt and Road Initiative (BRI), which it was meant to serve as an implementation tool in Europe from 2013 on. The 16+1 platform’s decade-long under-performance in terms of investments and trade has created deep disappointment among its European participants, leading to their growing criticism and disengagement. The paper analyzes these developments, the modest accomplishments of the format as perceived from the CEE standpoint, exemplified with relevant case studies of some of its most notorious projects, trying to discern winners from losers and spot the potentially hidden interests that China might actually have had when initiating the platform.

Suggested Citation

  • Sarmiza Pencea, 2024. "How Many Plus One And For How Long? A Brief Critical Assessment Of China-Cee Cooperation," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 12(1), pages 75-86, June.
    • Handle: RePEc:ntu:ntugeo:vol12-iss1-75-86
    as

    Download full text from publisher

    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_12_no_1/geo_2024_vol12_no1_art_007.pdf
    File Function: First version, 2024
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    16+1; 14+1; China-CEE relations; China-CEE trade; Chinese investments; Chinese loans;
    All these keywords.

    JEL classification:

    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F02 - International Economics - - General - - - International Economic Order and Integration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ntu:ntugeo:vol12-iss1-75-86. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefan Ciucu The email address of this maintainer does not seem to be valid anymore. Please ask Stefan Ciucu to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/feuntro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.