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Building Scenarios on the Regional Integration in Eurasia along the New Silk Road

Author

Listed:
  • Thees, Hannes

    (Catholic University of Eichstätt-Ingolstadt, Germany)

  • Erschbamer, Greta

    (Eurac Research, Italy)

Abstract

Regions are gaining importance as globalization struggles with local sustainable implementation. Thus, regional integration assumes economic development based on transnational cooperation, including regionalization and regionalism. The New Silk Road (NSR) offers a set of policies (including the Belt and Road Initiative) for regional integration that faces challenges in geopolitics and geoeconomics with problems at the local and regional scale, especially along its core corridor, namely, the Eurasian Land Bridge. Therefore, we focus on the NSR implementation by examining the scenarios for future regional integration along the NSR in Eurasia. Using a stepwise scenario building method, including a literature review and qualitative interviews, four scenarios are outlined to explore regional cooperation and the impacts: from (1) withdrawal/reduction of the NSR towards (2) solo efforts by Chinese shareholders, (3) corridorintegration and finally, (4) deep regional integration. This study examines the interface between economic geography and international relations.

Suggested Citation

  • Thees, Hannes & Erschbamer, Greta, 2022. "Building Scenarios on the Regional Integration in Eurasia along the New Silk Road," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 37(3), pages 423-457.
    • Handle: RePEc:ris:integr:0855
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    More about this item

    Keywords

    New Silk Road; Belt and Road; Regional Integration; Regional Effects; Regional Cooperation; Scenario Building;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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