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Economists and governments have predominantly been talking about bringing the ancient Silk Road back into the world of trade. Although the Silk Road dates back to 300 BC, it has had a lasting significant impact on stimulating the cities that laid along its trail. This has influenced China to bring the Silk Road back in order to enhance global business. As a result, President Xi Jinping of China launched China’s Silk Road trade in 2014.
While ancient Chinese merchants traded spices and fine clothing along this trail, the new Silk Road will enable the transit of notebook computers, frozen poultry, energy resources and more. These trade routes will create links in regional energy markets, trade, and transport, customs and border operations. Connecting capitals of neighboring countries or large national cities with high speed railways, the Silk Road will also create businesses and people-to-people connections between Europe and Central and Southern Asia. The high speed trains will ensure that goods can be traded efficiently to increase imports and exports, expand economic integration, and push for the development of real estate in the cities that boarder the railways.
China’s “One Belt, One Road” (OBOR) initiative, or the Silk Road plan, seeks to globally expand central Asia’s connections while having its eyes set on Europe’s rich markets. According to reporter Keith Johnson of Foriegn Policy, “one of the unstated purposes of China’s entire Silk Road program is to buy political goodwill from countries along the way.”
The OBOR has funded companies in Kazakhstan to build roads, tunnels, and bridges, as well as gas and oil pipelines. China redrew the region’s energy map to allow central Asian countries to increase trade across the Chinese border. As these countries unite to build railroad tracks to connect their regions, the Silk Road continues to expand and has significantly strengthened Europe’s and Asia’s economic global standing.
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