One Belt One Road: will it increase the gravity between China and Eurasia

Author:Nida Rahman, Mohd Nayyer Rahman
Position:Department of Economics, Aligarh Muslim University, Aligarh, India
Pages:152-164
SUMMARY

Purpose Globalisation has remained a subjective term as the magnitude unfolded. Every new decade witnesses new opportunities for global integration of the economies. One among such initiatives, it is argued, is the One Belt One Road initiative of the People’s Republic of China. It is assumed to be beneficial for the world and at least for the region, if not to say more. The world has witnessed efforts and trends of... (see full summary)

 
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One Belt One Road: will it
increase the gravity between
China and Eurasia
Nida Rahman
Department of Economics, Aligarh Muslim University, Aligarh, India, and
Mohd Nayyer Rahman
Department of Commerce, Aligarh Muslim University, Aligarh, India
Abstract
Purpose Globalisation has remained a subjective term as the magnitude unfolded. Every new decade
witnesses new opportunities for global integration of the economies. One among such initiatives, it is argued, is
the One Belt One Road initiative of the Peoples Republic of China. It is assumed to be benecialfor the world and
at least for the region, if not to say more. The world has witnessed efforts and trends of protectionism as well, but
China comes up with new vigour. One Belt One Road has entered into consistent talks and deliberations at the
world level. It is therefore imperative to identify the emerging linkages between the participant countries in One
Belt One Road. This study aims to take up the task of enquiring about the effect of One Belt One Road on the
gravity between China and the nations of Eurasia. This study looks for the realisation of the expected economic
ties and internationalisation emerging from One Belt One Road and the evidence for the same. This will be
identied in the present study. The paper also attempts to theorise a model for One Belt One Road.
Design/methodology/approach This study takesup the task of enquiring about the effect of One Belt
One Road on the gravity between China and the nations of Eurasia. The hypothesised economic ties and
internationalisationwill be a reality or not. And what are the evidences for the same. This will be identied in
the proposedstudy. An attempt to theorise the model for One Belt One Road is also taken.
Findings It is perceived that the mega project would ll the wedge between China and Eurasia and
convergencewill follow with the start of the One Belt One Road.
Originality/value The emergence of China in the global world orderas the initiator of mega deals and
projects and its dominionin every realm of economic activity is a topic of scrutiny for the entire world. In this
context, the One Belt One Road initiativeoffers huge potential for exploration. As the project is in its early
stages of planning andexecution, its prospects of tying entire Europe and Russiawith China through two of
the revived ancientroutes are essential to the entire world.
Keywords Internationalisation, Economic Integration, Gravity, One Belt One Road
Paper type Research paper
1. Introduction
The globalisation process that gradually swept the world economy since the closing of the
1980s and at the start of 1990s has its hand in bringing economies together for realising
mutual goals and objectives. Driven by competitive advantages and internationalisation
motives, almost every major player of the world economy joined the globalisation process.
With each successive print, the world economies witnessed greater cooperation attempts
and willingness of countries to reach an expanded level of integration ameliorated. This
assertion is apparent in the myriadblocs that have emerged since globalisation took hold of
economic operations worldwide. One such unison that has taken to news stories, on its
relevance of late, is the One Belt One Road initiative.Taking into perspective the latest trend
among some western countriesto move to a protectionist policy stance, the decided One Belt
JITLP
18,3
152
Received30 June 2019
Revised30 August 2019
10September 2019
16September 2019
24September 2019
Accepted25 September 2019
Journalof International Trade
Lawand Policy
Vol.18 No. 3, 2019
pp. 152-164
© Emerald Publishing Limited
1477-0024
DOI 10.1108/JITLP-06-2019-0037
The current issue and full text archive of this journal is available on Emerald Insight at:
www.emeraldinsight.com/1477-0024.htm

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