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Connecting Asia and Europe: Opportunities and Barriers for Knowledge-Oriented Regional Development in Central Asia

In: The Clash of Entrepreneurial Cultures?

Author

Listed:
  • Justine Markisch

    (Chamber of Industry and Commerce for the Palatinate)

Abstract

Central Asia is geographically located at the center of the Eurasian continent in between strong and dynamic economies such as Russia, China, India, and the European Union. Despite being abundant on natural resources, Central Asia is not greatly integrated into the world economy due to several reasons, such as being landlocked and rural, depending on the primary sector and suffering from an insufficient absorptive capacity regarding knowledge and technology transfer. In the past decade, connecting Asia and Europe got increasingly important with the launch of China’s Belt and Road Initiative and the EU Connectivity Strategy, offering Central Asia the opportunity to become the continental land bridge and therefore integrate into global value chains and achieve knowledge-oriented regional development. The Belt and Road Initiative and the EU Connectivity Strategy can be distinguished in their political nature, objectives, and values, thus offering different potentials for Central Asia. However, knowledge-oriented regional development in Central Asia will be a lengthy process, which can only be successful if the region increases its capabilities to substantially benefit from knowledge transfer.

Suggested Citation

  • Justine Markisch, 2022. "Connecting Asia and Europe: Opportunities and Barriers for Knowledge-Oriented Regional Development in Central Asia," FGF Studies in Small Business and Entrepreneurship, in: Harald Pechlaner & Hannes Thees & Wei Manske-Wang (ed.), The Clash of Entrepreneurial Cultures?, pages 101-112, Springer.
    • Handle: RePEc:spr:fgfchp:978-3-030-97050-5_9
    DOI: 10.1007/978-3-030-97050-5_9
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