Journal
SUSTAINABILITY
Volume 14, Issue 3, Pages -Publisher
MDPI
DOI: 10.3390/su14031801
Keywords
Central and Eastern Europe; China; New Silk Road; One Belt; One Road Initiative; Visegrad Group
Funding
- New National Excellence Program of the Ministry for Innovation and Technology from the National Research, Development and Innovation Fund [UNKP-19-2-I-BCE-43]
Ask authors/readers for more resources
This study presents the New Silk Road Initiative launched by China and its potential impacts on Central and Eastern European countries, highlighting the potential benefits of increased product availability and affordability. However, the success of the initiative relies on the stability and willingness of these countries to participate.
The ancient Silk Road was created to promote trade between China and Europe; however, at the end of the fifteenth century, the Silk Road and China's dominant role began to decline, mostly due to the geographical discoveries. At the same time, today's globalization and the development of rail technologies have once again put the creation of a New Silk Road (NSR) in the crosshairs of China. The aim of this study is twofold: on the one hand, to present the NSR Initiative launched by China and its various important elements. On the other hand, it seeks to map Central and Eastern Europe (CEE), focusing on the 17+1 Mechanism and the Visegrad Group (V4 countries), for the potential impacts of this initiative on these countries. To achieve a wide-ranging overview of the New Silk Road concepts, a comprehensive systematic literature review was conducted. The NSR could benefit most CEE countries and result in more and cheaper products due to the increase in delivery speed and the decrease in delivery time. The initiative's success depends mainly on the stability and willingness to participate of CEE countries, especially the V4 countries, thus becoming logistics hubs in the region.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available