The Eurasian Land Bridge: linking regional value chains along the New Silk Road

Abstract This article argues that the establishment of the China-Europe Land Bridge predated the announcement of China's One Belt One Road (Belt and Road Initiative) and has been market-driven, as service providers identified and responded to demand for efficient freight services along pre-exis...

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Bibliographic Details
Published in:Cambridge journal of regions, economy and society economy and society, 2019-02, Vol.12 (1), p.45-56
Main Author: Pomfret, Richard
Format: Article
Language:English
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Summary:Abstract This article argues that the establishment of the China-Europe Land Bridge predated the announcement of China's One Belt One Road (Belt and Road Initiative) and has been market-driven, as service providers identified and responded to demand for efficient freight services along pre-existing railway lines. Governments' role was trade facilitating, that is reducing delays and costs at border crossing points, rather than investing in hard infrastructure. Service providers responded by linking European and Asian value chains (for example in automobiles and electronic goods) and reducing costs for traders shipping between China and Europe. In sum, market forces were the catalyst for the rail links between China and Europe that are often analysed in the context of China's economic rise and Chinese international relations.
ISSN:1752-1378
1752-1386
DOI:10.1093/cjres/rsy030