| By Jonathan E. Hillman and Matthew P. Goodman

Earlier this month, the leaders of Japan and India paused to lay the foundation stone for a high-speed railway. Shinzo Abe was visiting Narendra Modi’s home state, where a 500-kilometer bullet train using Japanese financing and technology will link Mumbai and the industrial city of Ahmedabad. Modi called Japan “a true friend” and the train a “symbol of new India.” Abe agreed, saying, “The project symbolizes India-Japan friendship.” It also illustrates the high-stakes competition underway to connect the Eurasian supercontinent. China has stolen the spotlight, but other regional powers are not standing still.

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This article originally appeared in Global Economics Monthly.