One Belt One Road Project: Harmonization of Russia’s and China’s Long-tTrm Interests
The article aims at evaluating the One Belt One Road project implemented by China that will define long-term trajectories of the world trade and finance development as well as prospects of Russia’s participation in this project. It seems that the project under consideration is not a full alternative...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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MGIMO University Press
2019-07-01
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| Series: | Vestnik MGIMO-Universiteta |
| Subjects: | |
| Online Access: | https://www.vestnik.mgimo.ru/jour/article/view/964 |
| Summary: | The article aims at evaluating the One Belt One Road project implemented by China that will define long-term trajectories of the world trade and finance development as well as prospects of Russia’s participation in this project. It seems that the project under consideration is not a full alternative to the existing nowadays world system of railroad and sea shipping both from the viewpoint of the shipping cost and the scope of investment required. A possibility of full-scale refocusing of Russia’s transport systems (the Trans-Siberian Railway, the Northern Sea Route) on the One Belt One Road project is not currently obvious, thus, one cannot state with certainty Russia’s role in this project. Besides, implementing this project results in building in Eurasia a China-centric economy system that does not coincide with the structures built by Russia, i.e. the Eurasian Economic Union, the Customs Union and other ones. At the same time, the One Belt One Road project seems to have no alternatives. None of the other countries has proposed a project that can be compared with the One Belt One Road one in terms of being large-scale, having a global impact as well as long-term effects. It is believed, that after the implementation of the project is complete, the technological and social differences between Europe’s and China’s potentials, which were the reason for shipping goods from Southeast Asia to Europe over the past centuries, will be reduced to a significant extent. In terms of this the China-centric world will have to provide different noneconomic reasons for its existence, i.e. provide the world with new values and meanings of the postindustrial world. In this context Russia’s participating in the One Belt One Road project may appear to be necessary: Russia can act as a project’s security operator, a mediator between China and the countries who are participants of the Silk Road Economic Belt in cases where their interests collide. Russia can also generate values and meanings of economic processes. The safe transportation routes Russia has, i.e. the Trans-Siberian Railway, the Northern Sea Route as well as long-term friendly relations with the countries-participants of the Silk Road Economic Belt and Russia’s being experienced in harmonizing different interests can become the key aspects contributing to success of this project. |
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| ISSN: | 2071-8160 2541-9099 |