By Najia Badykova
June 27, 2017, the CACI Analyst
In May, Beijing hosted a summit of global leaders on its One Belt and One Road (OBOR) initiative, a most ambitious project aimed to recreate the ancient Silk Road, connecting China’s industrial heartland to Europe via Central Asia and the Middle East. Given the gigantic scale of the scheme, the geostrategic and economic impact on Central Asian trade and development will be significant. Yet it is unlikely to benefit everyone equally. The less developed and poorer countries along the proposed routes, including those in Central Asia, will face serious challenges if they assume that this initiative alone can fix their economic problems, and use it as an excuse to further delay needed market reforms while coping with the effects of the massive Chinese initiative.
The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.