Journal

Volume 75, #1

       “Economic Sciences: theory and practice” is scientific, refereed, biannual journal. The Journal of “Economic Sciences: theory and practice” has been founded by Azerbaijan State University of Economics in 1994.              
The Journal has been received to registration in the centre of international ISSN (International Standard Series Number, ISSN-2220-8739). Also, it has been included by the Supreme attestation Commission under the President of Azerbaijan Republic to the list of scientific publications on economic sciences.


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Understanding the Global Shift China’s Development and The Belt and Road Initiative

Fabio Massimo Parenti


Abstract

Some scholars have been clearly depicting a process of global shift in the redistribution of economic and political power. In this paper, I start from some key figures to show the extent of changes in trade flows geography and their direct relation with the new weight and role of China. However, in order to understand correctly the China’s ascent, it is necessary to provide also a brief overview of the fundamental components of its developmental path and its approach to global affairs, both of them embedded in China’s medium and long-term objectives. Finally, a case study on the Belt and Road Initiative, its geopolitical and economic meaning, will help to explain better the intertwined relations between Chinese domestic and foreign policies, as well as its peculiarities and international impact.

Key words: Global Shift; China’s Developmental Path; Belt and Road Initiative; Trade; Geopolitics

JEL Classification: F50; F550; O10; O20