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China's Belt and Road Initiative, the Eurasian Landbridge, and the New Mega-Regionalism

China's Belt and Road Initiative, the Eurasian Landbridge, and the New Mega-Regionalism

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Key Metrics

  • Richard Pomfret
  • World Scientific Publishing Company
  • Hardcover
  • 9789811208720
  • 9 X 6 X 0.5 inches
  • 0.96 pounds
  • Political Science > International Relations - Trade & Tariffs
  • English
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Book Description

This contribution to the World Scientific series on the Belt and Road Initiative focuses on the overland connections west from China, the Silk Road Economic Belt component of the BRI. It emphasizes the economic underpinning of the Belt in the market-driven creation of the Eurasian Landbridge and the linking of regional value chains. A fundamental economic driver behind this is the twenty-first century evolution of international value chains, in which China plays a major role, and their transformation by new trade technologies. Finer fragmentation of production and wider scanning for participants in value chains underlie the need for common, preferably global, regulation of new trade technologies and the emergence of mega-regional trade agreements (and China's response to such agreements).Thus, the Eurasian part of the Belt and Road Initiative must be seen in conjunction with China's growing role in the twenty-first-century global economy. Especially since the 2016 US presidential election, these connections have become entwined with China's reactions to criticisms of the Belt and Road Initiative and China's recognition of the benefits of more nuanced economic diplomacy to find common ground with other economic powers, notably the European Union and signatories of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
China's Belt and Road Initiative, the Eurasian Landbridge, and the New Mega-Regionalism

Author Bio

Dr. Richard Pomfret has been Professor of Economics at the University of Adelaide since 1992. Before coming to Adelaide, he was Professor of Economics at the Johns Hopkins University School of Advanced International Studies in Washington DC, Bologna (Italy) and Nanjing (China). 

He previously worked at Concordia University in Montréal and the Institut für Weltwirtschaft at the University of Kiel in Germany. He has also held visiting positions at universities in Australia, Canada, China, France, Italy and the USA, and is an honorary Fellow of the Centre for Euro-Asian Studies at the University of Reading, UK, of Monash University European Centre, of the Centre for Social and Economic Research (CASE) in Warsaw, and of the research centre ROSES-CNRS at Université-Paris I.

Richard Pomfret has acted as adviser to the Australian government and to international organizations such as the World Bank, Asian Development Bank and United Nations Development Programme.  In 1993 he was seconded to the United Nations for a year, acting as adviser on macroeconomic policy to the Asian republics of the former Soviet Union.  He has also worked at the Organisation for Economic Co-operation and Development in Paris on several occasions while on leave from Adelaide.

His research interests centre on economic development and international economics, and he has published over a hundred papers in these fields. He has written seventeen books, including Investing in China 1979-1989; Ten Years of the Open Door Policy (1991), The Economics of Regional Trading Arrangements (1997; paperback edition 2001), Constructing a Market Economy: Diverse Paths from Central Planning in Asia and Europe (2002), 

The Central Asian Economies since Independence (2006), Regionalism in East Asia (2011),The Age of Equality: The twentieth century in economic perspective, published by Harvard University Press (2011) and Trade Facilitation, co-authored with Patricia Sourdin and published by Edward Elgar (2012).  He has also written  textbooks on international trade and on development economics, and edited a textbook on Australian trade policies.  

 

Source: The University of Adelaide 

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