Abstract

This article aims to provide a historical ground for future research on geopolitical and economic transformations in Asia. It is devoted to the current situation around two Central Asian megaprojects: The U.S.'s New Silk Road and China's Belt One Road (OBOR). Authors compare perspectives of these two initiatives and their impact on the economy and political landscape in Asia to evaluate the future of the region. Considering strategies of both countries, the authors conclude that New Silk Road is unable to compete with OBOR in Central Asia and, in fact, the U.S. had to concede the region to China. Even the Trans-Pacific Partnership (TPP) that was considered overweight for OBOR has failed after Donald Trump's arrival to power. The current situation is favoured for China, and the only issue left for future discussions is whether Beijing possesses enough resources to do the projects in both Central and South Asia.

Highlights

  • For many centuries the "Great Silk Road" had been one of the largest, the most famous and successful projects of the Middle Ages

  • We study and compare both projects, considering geopolitical concepts, resources and efforts put by the U.S and China on Central Asia development and what results they have achieved at the present moment

  • Authors from the U.S, China, Kazakhstan, Russia and India have laid out their views on the “New Silk Road” and “One Belt One Road” (OBOR)”, often speaking in favour of one of them

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Summary

Introduction

For many centuries the "Great Silk Road" had been one of the largest, the most famous and successful projects of the Middle Ages. Great caravans transferred rare goods from Eastern Asia to the Mediterranean by this proven and challenging route. The idea of creating a fast and safe route to transfer millions of containers to the West becomes relevant especially with evolving technologies and China transforming into a world factory. The Americans, who announced the beginning of their work back in 2011, had already taken the name “New Silk Road”. The authorities of China had to come up with a new name for their future project – “One Belt One Road” (OBOR). Despite the difference of the names, the action takes place in the same area and has one stated goal — to transport goods from Asia to Europe

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