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Author Oziewicz, Ewa
Affiliation Uniwersytet Gdański, Wydział Ekonomiczny, Instytut Handlu Zagranicznego 119/121 Armii Krajowej St., 81-824 Sopot, Poland
E-mail ewa.oziewicz@ug.edu.pl
Author Bednarz, Joanna
Affiliation Uniwersytet Gdański, Wydział Ekonomiczny, Instytut Handlu Zagranicznego 119/121 Armii Krajowej St., 81-824 Sopot, Poland
E-mail joanna.bednarz@ug.edu.pl
ISSN printed 1733-8670
URI https://repository.scientific-journals.eu/handle/123456789/2547
Abstract The Maritime Silk Road of the 21st Century (MSR) is one of the two largest and most ambitious projects announced by Xi Jinping in 2013, under the current name, the Belt and Road Initiative. The main aim of this paper is to assess the opportunities and risks of the maritime portion of this project for EU countries. The authors would like to draw the attention of readers to the possible goals behind the MSR, especially now, when numerous doubts connected with the Chinese initiative have risen. The authors analyze the situation and the consequences of the MSR Initiative for European ports and shipping companies, as well as for other infrastructure and sectors connected with seaborne trade as a part of the blue economy. The MSR creates not only opportunities for developing a blue economy in EU countries, but also competitive risks. EU countries should keep in mind the growing importance of the blue economy for China (including marine industries, the exploitation of ocean resources, and services such as tourism and transport), especially since it already currently represents around 10% of Chinese GDP. It is also worth highlighting that the sea lanes of communication from China to Europe through the Malacca-Suez route are among the busiest in the world. Twenty-five percent of world trade passes through the Malacca Strait alone. This should convince EU countries to pay more attention to China’s activity at sea.
Pages 110-119
Publisher Scientific Journals Maritime University of Szczecin, Zeszyty Naukowe Akademia Morska w Szczecinie
Keywords Maritime Silk Road
Keywords BRI
Keywords China
Keywords EU countries
Keywords FDI
Keywords blue economy
Keywords competitiveness
Title Challenges and opportunities of the Maritime Silk Road initiative for EU countries
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ISSN on-line 2392-0378
Language English
Funding No data
Figures 2
Tables 2
DOI 10.17402/358
Published 2019-10-04
Accepted 2019-09-05
Recieved 2019-07-25

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