Abstract
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.
Highlights
The ancient Silk Road was established 2100 years ago to promote trade betweenChina and Europe
The initiative’s success depends mainly on the stability and willingness to participate of Central and Eastern Europe (CEE) countries, especially the V4 countries, becoming logistics hubs in the region
Our approach was based on the hybrid review method [24,25] when an integrated framework is accompanied with a narrative analysis
Summary
There was more than one road, and in addition to silk, which was not a luxury product at all at that time, spices, silver, porcelain, and other goods were transported. Silk has been used as a means of payment in China for a very long time, which shows that it was not considered a rare and expensive product [2,3]. The more than 7000-km-long road has been a catalyst for development, facilitating the flow of goods, culture, art, history and religion between China and the West for many centuries [4,5]. From the third century BC to the fifteenth century, China was a dominant trading power [1]
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