Eight Transformation Factors for Driving the New Silk Road Towards Sustainability and Shared Prosperity
Eight Transformation Factors for Driving the New Silk Road Towards Sustainability and Shared Prosperity What is the New Silk Road? “The Belt and Road Initiative makes a unique contribution to international The name, Silk Road (German: Seidenstraße), was first coined in 1877 by the German geographer Ferdinand cooperation and economic von Richthofen as a term given to the network of trade development: it is based on the routes linking China to Central and West Asia, India and stakeholder approach, it seeks to the Mediterranean region. More recently, Peter Frankopan, the director of the Oxford Centre for Byzantine Research, leverage market forces in best ways, it extensively writes about the ancient Silk Road departing prepares best for the age of the Fourth from Europe centric views about history. In his research, he Industrial Revolution, it is built on the highlights that this ancient space of cultural, economic and intellectual exchange did not primarily revolve around China, open platform concept, and most but many other civilizations connecting the orient with the importantly, this initiative is the positive occident. Today, China is reviving this ancient Silk Road narrative the world needs.” aiming to build stronger relationships with its neighbours through developing and sharing resources. In late 2013, Klaus Schwab President Xi Jinping announced the New Silk Road or what Founder and Executive Chairman, World Economic Forum has become known since then as the Belt and Road Initiative (BRI). The BRI, while still under development, seeks to promote the connectivity of the Asian, European and African What is its potential? regions; establish and strengthen partnerships among the countries along the BRI routes; set up multi-tiered and Today, the BRI might have the potential to prompt a profound multimodal connectivity networks; and realize diversified, shift in the global order towards a new multilateralism.
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