When I tried to explain to my mom the topic of my PhD research project, she thought that I would literally deal with silk trade. However, the One Belt One Road Initiative or as it is also called predominantly in the Western media - the New Silk Road - will lead to more than just boosting… Continue reading What is One Belt One Road (OBOR or 一带一路) aka Belt and Road aka New Silk Road?
China’s most recent challenge is, arguably, its transformation from a manufacturing-driven and export-led economy to one sustained by services and domestic consumption under the “New Normal”, namely China’s slowing economic growth. According to the economic theory, growth in the long run depends on changes in capital, labor and technology/productivity. The “New Normal”, therefore, has been… Continue reading Origins of the Belt and Road Initiative: China’s economic slowdown, Clinton’s New Silk Road, TPP?