The "Belt and Road" initiative announced by Chinese President Xi Jinping in 2013 aims at reviving the ancient trade routes connecting China to Europe and Africa: the "21st Century Maritime Silk Road" and the inland "Silk Road Economic Belt". Both maritime and land routes of the New Silk Road meet Europe in the Baltics — a region accounting for some 150 million inhabitants representing 30% of the total EU population. The maritime route enters Europe through the Mediterranean Sea before reaching the largest European seaports of the North Sea and the Baltic Sea up to Saint Petersburg in Russia. The land route starting from West China crosses Central Asia, Russia and Belarus before reaching the shores of the Baltic Sea.
This book focuses on the business and economic dimensions of China's initiative: Chinese government objective and policies, the strategies of Chinese and foreign firms along the Silk Road, trade and investment between China and Nordic-Baltic countries, the Eurasia Land Bridge corridors and logistics, the impact of the New Silk Road on the economies of Central Asia, new institutions financing the "Belt and Road", cross-cultural challenges and Sino-foreign joint ventures along the New Silk Road. The direct impact of China's initiative on economic sectors such as logistics services; the shipping, port management and maritime industry; construction and high-speed train; energy and engineering; and e-commerce, information technology and tourism will be assessed.
Readers will be provided with an in-depth analysis of the opportunities and challenges for companies and regions along the New Silk Road as well as 17 short case studies focusing on China-led projects currently developed along the "Belt and Road" and 15 maps of the New Silk Road, the Baltic Sea Region and Central Asia to help in understanding China's vision and strategic moves.
Contents:
- Foreword (Pascal Lamy)
- Preface
- Acknowledgment
- Authors and Contributors
- About the Editor
- List of Cases, Figures, Maps, and Tables
- Acronyms
- Introduction
- China Meets Europe by the Baltic Sea (Jean-Paul Larçon and Geneviève Barré)
- China's "Belt and Road" and Business Perspectives (Li Donghong and Tang Lingling)
- The Baltic Sea Region and China: Economic Environment and Strategy of the Firms (Jean-Paul Larçon and Rold Jens Brunstad)
- Nordic-Baltic Countries and China: Trends in Trade and Investment (Jonė Kalendienė, Violeta Pukelienė and Mindaugas Dapkus)
- Logistics along the "New Silk Road": The East-West Transport Corridor in the Baltics (Algirdas Šakalys)
- Central Asia, Global Value Chains and China's "Silk Road Economic Belt" Initiative (Richard Pomfret)
- Financing China's "Belt and Road" Initiative (Shi Jianxun)
- Managing Talents in the Silk Road Cross-Cultural Environment (Zhao Yixuan and Zhao Shuming)
- Special Contribution: Russian Multinational Enterprises and Chinese "Belt and Road" Initiative (Andrei Panibratov)
- Special Contribution: Alliances and Joint Ventures along the "New Silk Road" (Pierre Dussauge)
- Conclusion: Striving for Achievement (Jean-Paul Larçon)
- Postface: The "Belt and Road" Initiative as the Bridge between China and Europe (Liu Zuokui)
- Bibliography
- Index
Readership: This book is for managers, policy makers, academics and graduate students interested by the economic and business dimensions of China's "Silk Road Economic Belt" initiative.
About the Editor
Jean-Paul Larçon is emeritus professor of international strategy at HEC Paris. He was a visiting professor at CEIBS (Shanghai), Fundação Getulio Vargas (EAESP), Sao Paulo (Brazil), St Petersburg University Graduate School of Management (Russia), and Tsinghua School of Economics and Management (China). He is the author or coauthor of several books and articles in the field of entrepreneurship in economies in transition and strategy in emerging markets. His current research focuses on emerging market multinationals.
About the Authors
Geneviève Barré is a graduate of Paris-Sorbonne University in Chinese language and history and holds a PhD in management from Conservatoire National des Arts et Métiers (CNAM, Paris). Specialized in Asia's industrial, research, and education policies, she contributed to projects of economic cooperation between Europe and China-India for 30 years, working with the EU, the OECD, and the World Bank. She joined HEC Paris in 2001 and contributed to the HEC-Tsinghua research on Chinese Multinationals. She published in 2016 Quand les entreprises chinoises se mondialisent: Haier, Huawei et TCL at CNRS Editions (Paris).
Rolf Jens Brunstad has been a full professor at NHH since 1999. Since the fall of the Berlin wall, Brunstad has been active in establishing modern business education in Russia, as well as in Central and Eastern Europe. He is currently chair of the Academic Council of Baltic Management Institute and of the Council of Founders of Warsaw University of Technology Business School. His main research areas include labor economics, industrial organization, agricultural economics, and applied welfare economics in the transport sector.
Mindaugas Dapkus is an associate professor in the Department of Economics at Vytautas Magnus University (VMU) since 2003. He is responsible for the Masters program in International Economics at VMU. His research interest focuses on areas of macroeconomics related to economic growth and development, macroeconomic policy and economic behavior at the national and international level. One of his recent research is orientated towards the estimation of overheating in the economy during the business cycles.
Pierre Dussauge is a professor of strategic management at HEC Paris. He was a visiting professor of corporate strategy at the Ross Business School of the University of Michigan in Ann Arbor from 1991 to 2003 and at other leading international institutions such as Insead, ISB (Hyderabad), and Tsinghua SEM (Beijing). He is the author or coauthor of several books in the field of strategic management and strategic alliances, notably Cooperative Strategy, J. Wiley & Sons, 1999.
Jonė Kalendienė is an associate professor in the Department of Economics at VMU. She has been working in the same department since 2006. She is a visiting professor at ISM University of Management and Economics for seven years. During 2007–2008 she was serving as an economist in the macroeconomic analysis and forecasting division in the Department of Economics at Lietuvos bankas (Central Bank of Lithuania). She has published several papers about the competitiveness of exports of different European countries nationally and internationally.
Li Donghong serves as vice chair and associate professor of the Department of Innovation, Entrepreneurship and Strategy of Tsinghua School of Economics and Management. He is the associate dean of the Institute for Global Industry 4.5 Center of Tsinghua University. He graduated from Renmin University of China, School of Business Administration, with a PhD in business administration in 1999. Now he teaches courses like Strategic Management, Enterprise Management Foundation, Strategic Alliances, Diversification Strategy, etc.
Liu Zuokui is a senior research fellow, director of the Department of Central and Eastern European studies, Institute of European Studies, CASS. He is also the director of the Secretariat Office of the "16+1 Think Tanks Network" of the CASS. Dr Liu Zuokui has rich international experience, including France, Germany, Latvia and Central Europe, as well as Japan. His major research interest is Central and Eastern Europe, China-EU relations and EU Integration Studies, China-Turkey relations, and Balkan studies. He published in 2014 The Role of Central and Eastern Europe in the Building of the Silk Road Economic Belt, China International Studies.
Andrei Panibratov is professor of strategic and international management at the Graduate School of Management, and the head of the Center for the Study of Emerging Market and Russian Multinational Enterprises, both at Saint-Petersburg State University, Russia. His research interests and lecturing area focus on internationalization of emerging market firms, outward FDI from emerging economies, and Russian multinationals. His publications include International strategy of emerging market firms: absorbing global knowledge and building competitive advantage (Routledge, 2017) and Russian multinationals: from regional supremacy to global lead (Routledge, 2012).
Richard Pomfret has been professor of economics at the University of Adelaide since 1992. Before coming to Adelaide, he was professor of economics at the Johns Hopkins University School of Advanced International Studies in Washington DC, Bologna (Italy) and Nanjing (China). He previously worked at Concordia University in Montréal and the Institut für Weltwirtschaft at the University of Kiel in Germany. His most recent books are The Age of Equality: The twentieth century in economic perspective, Harvard University Press (2011), and Trade Facilitation, co-authored with Patricia Sourdin, Edward Elgar (2012).
Violeta Pukelienė is professor of economics from 2008 and head of the economics department of VMU. She has experience in integration economics and social economics from 1998. She is Jean Monnet Chair in integration economics and has written a textbook Economic integration: theory, EU policy and processes, 2008. She was a visiting professor at ISM university of Management and Economics, University of Latvia for more than ten years. She is the author or coauthor of several books and articles in the field of migration, welfare economics, and tax.
Algirdas Sakalys holds an engineering degree and a doctorate in transport technology from Vilnius Gediminas Technical University. He served as an advisor to the prime minister and as a vice minister for transport and communication in the government of Lithuania. He has 24 years of experience in transport policy, green transport, freight transport and logistics, and management of international transport corridors. Since 2007, he is the head of the Competence Centre for Intermodal Transport and Logistics at Vilnius Gediminas Technical University and since 2010, the president of the international East-West Transport Corridor Association (EWTCA) uniting 37 logistics and transport partners from 13 Asian and European countries. In 2016 he was appointed as Transport Policy Area coordinator of the European Union Strategy for the Baltic Sea Region.
Shi Jianxun is doctor of economics, the professor of finance at the School of Economics and Management, Tongji University. He is the director of the Institute of Economics and Finance at Tongji University. He is the chief expert of China National Social Science Fund Decision Consulting Think Tank. He is the special correspondent of The People's Daily overseas edition. He also serves as a pluralistic professor at Southeast University. His research interest involves international finance, international monetary system, and Renminbi internationalization. He has published on economics and management more than 200 papers newspapers and magazines and 18 books, such as Understanding the China and the world economy in the Post-crisis era.
Tang Lingling is a postdoctoral researcher of the "Belt and Road" and international capacity cooperation at Tsinghua University SEM. She graduated from Soochow Unversity of China, Dongwu Business School, with a PhD in business administration in 2014. She has published several papers in international and Chinese academic journals. Now she serves as a research director of the Institute for Global Industry 4.5 of Tsinghua University.
Zhao Yixuan is an assistant researcher in the Department of Human Resource Management, School of Business, Nanjing University, China. She has been conducting research on millennial employee management, employee well-being, and leadership. She has published several papers in international and Chinese academic journals.
Zhao Shuming is chair professor and honorary dean of the School of Business, Nanjing University, China. He serves as president of the International Association of Chinese Management Research (IACMR, Third Term), president of Jiangsu Provincial Association of Human Resource Management, vice-chairman for the Steering Committee for National Business Degree Programs of the Ministry of Education of China, vice president of Chinese Society of Management Modernization. His research area is human resource management, multinational business management, and entrepreneurship. He has chaired several research projects for the National Natural Science Foundation of China and has published more than ten books and over 300 academic papers and articles.