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Countries situated mainly between China and the European Union are currently participating in a race to develop their transport, trade and logistics infrastructure to attract at least one of the threads of Silk Road that will carry goods and people across Eurasia. It is believed that development of the Europe-South Caucasus-Asia transport, trade and logistics infrastructure will reduce the cost of production and services, which are important to raise competitiveness and social well-being. Although the Europe-South Caucasus-Asia transport route is a shortcut way between the two continents, the soft and hard infrastructure along this way is not enough developed to meet the emerging demand for goods and passenger turnover. Huge investments required for the development of these routes could be invested by development banks (WB, EBRD, EIB, ADB, AIIB, IDB, BSTDB, ECO bank, and so on), governments and private sector. Different types of infrastructure financing models, including public private partnerships, for the upgrading of relevant infrastructure are options on the table to discuss further. Moreover, harmonization of standards, reducing procedures, electronisation of facilities and co-ordination of activities require a new approach and many adaptations. The Europe-South Caucasus-Asia transport, trade and logistics nexus and the International North-South Transport Corridor are not only economic projects, but also carry political elements, which are backed by certain political agendas. However, it is clear that any type of old Silk Road revival initiative will drive many countries to develop their infrastructure as well as superstructure and coordinate this with other participating countries, which as a result will be beneficial for all of them. It is also believed that every single country may benefit and generate revenues from old Silk Road revival process in case of possible collabouration with its neighbouring countries. Azerbaijan enjoys an advantageous geographical position at a crossroads of East-West and North-South corridors, which leads the country to become a regional transport, production, and trade and logistics hub. The country makes huge investments into its own infrastructure as well as supports certain other neighbouring countries. Within this framework, common will based on the reciprocity and mutual benefit can foster enhanced cooperation along with the Great Silk Road and International North- South Transportation Corridor projects.
India’s Economic Corridor Initiatives highlights key aspects of current discourses on India’s initiative of the International North-South Transport Corridor (INSTC) and Chabahar, and their geo-economic significance. INSTC was founded by India, Russia, and Iran, and the Chabahar port in Iran provides a major prospective conduit for India's interchange and commerce with West Central Asia while maintaining a strategic distance from Pakistan's entry route. This book analyses the drastic changes in the equation of international relations in general, and more particularly between India and Eurasian countries. Contributors from Iran, Central Asia, Russia, Armenia and Europe provide a wide spectrum of opinion and analysis on the subject. The chapters claim that these corridors provide an alternative to the BRI and can play a pivotal role in de-escalating tensions through negotiations. A new addition to the debate on contemporary dynamics in Eurasia and India, this book will be of interest to researchers studying economic corridors, transnational and trans-regional economic relationships, security studies, regional and area studies, international relations and Indo-Iran-Russia relations.
Being located between the Black and Caspian seas, Azerbaijan has always been the juncture of Eurasia—with a traditional reputation as a crossroads between the north-south and east-west transport corridors—and the traditional ground for competition between numerous regional and global players, using both soft and hard power. With its vast hydrocarbon energy reserves, Azerbaijan is a country of particular importance in the South Caucasus. The region’s complex geopolitics have immensely influenced Azerbaijan’s foreign policy strategy. With the dissolution of the USSR, Azerbaijan, as a new state with fragile security, found itself in a complicated situation surrounded by regional powers like Iran, Russia, and Turkey. The book is built around several major foreign policy issues faced by the Republic of Azerbaijan since it regained its independence in 1991. These major issues include the conflict with Armenia and related matters, the relationship with the West, as well as the complexities arising from its relationship with Russia and its ties to Muslim countries, such as Iran and Saudi Arabia.
Since the late 1990s Turkey has emerged as a significant economic power. Never colonized and straddling the continents of Europe and Asia, it plays a strategically important role in an increasingly unstable region. Bülent Gökay examines Turkey's remarkable political and economic transformation within the context of broader regional and global changes. By situating the story of Turkey's economic growth within an analysis of the structural changes and shifts in the world economy since the end of the Cold War, the book provides new insights into the functioning of Turkey's political economy and the successes and failures of its ruling party's economic management.
This book facilitates exchanges between scholars and researchers from around the world on China-Eurasia relations. Comparing perspectives and methodologies, it promotes interdisciplinary dialogue on China’s pivot towards Eurasia, the Belt and Road initiative, the Shanghai Cooperation Organization, Beijing’s cooperation and arguments with India, the EU, Western Balkans and South Caucasus states and the Sino-Russian struggle for multipolarity and multilateralism in Eurasia. It also researches digitalization processes in Eurasia, notably it focuses on China's Silk Road and Digital Agenda of Eurasian Economic Union. Multipolarity without multilateralism is a dangerous mix. Great power competitions will remain. In the Asian regional system more multilateral cushions have to be developed. Scholars from different nations including China, India, Russia, Austria, Armenia, Georgia, United Arab Emirates and Montenegro introduce their own, independent research, making recommendations on the developments in China-Eurasia relations, and demonstrating that through joint discussions it is possible to find ways for cooperation and for ensuring peaceful coexistence. The book will appeal to policymakers and scholars and students in Chinese, Eurasian, International and Oriental Studies.