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This book provides deep insight into the emergent Chinese innovation economy, as we head towards the Fourth Industrial Revolution. It describes, discusses and analyzes the period from China’s opening up to foreign investment in the 1980s until the New Silk Road project, from 2013 onwards. The developments are assessed from a systemic thinking and evolutionary economic standpoint. The book ...
- Paperback
- 1
Sep 30, 2021 · It uses systems theory and evolutionary economics as a theoretical point of departure and explains why the focal point of the geopolitical stage is moving away from the alliance between the United States and Europe, and towards an alliance between China, the 14 Regional Comprehensive Economic Partnership countries, the countries along the new silk road, and Europe.
- Jon-Arild Johannessen
- London
- 2021
The author asserts that the phenomenon of the New Silk Road as an innovation generator can be understood and explained through the effects of various social mechanisms. He labels these five social mechanisms as: the locomotive force; the explosive force of the butterfly effect; the force of co-creation; the force of expectation; and the force of competence.
- London
- 1st Edition
Sep 30, 2021 · Artificial Intelligence and the New Silk Road By Jon-Arild Johannessen. Edition 1st Edition. First Published 2021. eBook Published 30 September 2021. Pub. Location ...
- The Belt and Road Initiative Debt Trap
- Why Democracies Are Turning Against The Belt and Road Initiative
- Who Is Funding The Belt and Road Initiative?
- How Much Does The Belt and Road Initiative Cost?
- What Is The Belt and Road Initiative’s Infrastructure?
- The Future of The Belt and Road Initiative
‘Debt trap diplomacy’ is the accusation that China uses Belt and Road as part of a manipulative global strategy, funding major infrastructure projects in developing nations with unsustainable loans, then using the debt to gain leverage over those governments. The accusation was sparked by projects such as the Hambantota Port Development in Sri Lank...
The initiative is largely treated with suspicion in the US and its major allies, characterized largely in terms of debt trap diplomacy, as a predatory, opaque enterprise, and as a threat to Western interests. However, democracies have been slow and uncoordinated in their response to the BRI. A unified proposal only came in the aftermath of the COVI...
The Chinese state is the underwriter for the initiative, via its four state-owned banks lending to state owned enterprises. Other governments have criticized the Belt and Road for the lack of private sector participation but there is little enthusiasm for the initiative from even the Chinese private sector due to the lack of return on investment.
It is difficult to estimate the cost of the BRI due to the lack of transparency around its funding but notably Beijing has not pledged any new state capital to the initiative since 2019. Worsening relations with the US have caused Beijing to rethink its approach to the initiative and the risk involved. Ambitions have been scaled back to China’s imm...
There are many projects in the Belt and Road but two leading prestige projects stand out. The China-Pakistan Economic Corridor consists of bridges, railways, energy installations, a redeveloped highway, and expansion of the Pakistani port of Gwadar. It is considered the leading part of the Belt element. The China-Europe express railway is another p...
Following the COVID-19 pandemic Chinese state banks directed more support to projects at home, echoing the behaviour of much of the rest of the world. Internationally, China has drawn in the scope of its ambitions to projects along its enormous border and in Southeast Asia. Investments abroad have declined considerably since a peak in 2015. In Sept...
Jan 5, 2023 · The New Silk Road and the Innovation Economy in China. January 2023. DOI: 10.4324/9781003316978. ISBN: 9781003316978. Authors: Jon-Arild Johannessen. Kristiania University College. Citations (4)
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The New Silk Road and the Innovation Economy in China (Routledge Studies in the Economics of Innovation) eBook : Johannessen, Jon-Arild: Amazon.ca: Kindle Store
- Jon-Arild Johannessen
