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Central and Eastern European Countries Focus on the Silk Road Economic Belt

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  • GEORGE CORNEL DUMITRESCU

    (Regional Development and International Trade, The Institute for World Economy, Calea 13 Septembrie, no. 13, Bucharest, ROMANIA)

Abstract

The Silk Road Economic Belt, a strategic priority of the Chinese foreign policy in 2015, draws the attention to the countries of Central and Eastern Europe through the multiple benefits that it displays (investments, economic growth, trade between the countries along its corridors, job creation, infrastructure development, the strategic importance of being part of a grandiose multi-continental project). Among these benefits an important one is represented by the opportunities of Chinese investments in infrastructure, since the EU is suffering from a credit restraint. Also, The Silk Road Economic Belt could lead to a potential increase in the bilateral trade. Analyzing the literature in the field and the various official information available online, this paper aims to depict the Chinese project form the Eastern European perspective, identifying local priorities, conflicting interests, possible infrastructure projects, routes, focusing on two strategic countries in the region: Romania and Serbia, both displaying advantages and disadvantages.

Suggested Citation

  • George Cornel Dumitrescu, 2015. "Central and Eastern European Countries Focus on the Silk Road Economic Belt," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 3(1), pages 186-197, May.
    • Handle: RePEc:ntu:ntugeo:vol3-iss1-15-186
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    Cited by:

    1. Joanna Malecka & Teresa Luczka, 2017. "The Private Equity Market in Poland and in Central and Eastern Europe: Selected Aspects," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 15(65), pages 69-85.
    2. Ying Wang & Chien-Chang Chou, 2020. "Prioritizing China’s public policy options in developing logistics infrastructure under the Belt and Road Initiative," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 22(2), pages 293-307, June.
    3. Efimova Elena & Vroblevskaya Svetlana, 2019. "Are Eastern Baltic Ports the drivers of Eurasian trade?," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 55(3), pages 268-281, September.
    4. Yahui Chen & Changsheng Xu & Ming Yi, 2019. "Does the Belt and Road Initiative Reduce the R&D Investment of OFDI Enterprises? Evidence from China’s A-Share Listed Companies," Sustainability, MDPI, vol. 11(5), pages 1-14, March.

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