Emerging and developing markets are competing to attract outside investment and playing an even greater role in the global economy.
Several Russian-led infrastructure projects, coupled with the devastation wrought by the conflict with Russian-backed separatists in the Donbas region, risk turning Ukraine, historically a bridge between east and west, into an island.
Quotes and Quotas is a weekly digest of phrases and facts that help explain Asia’s infrastructure push.
The first rail connection between Turkey and Georgia is fast approaching completion. When operational, the Baku-Tbilisi-Kars (BTK) line, which extends to Azerbaijan, could integrate all three countries to unlock new trade patterns and shift Eurasia’s economic center of gravity inward. The potential gains are significant, but so are the obstacles in laying the Middle Corridor of the New Silk Road.
Quotes and Quotas is a weekly digest of phrases and facts that help explain Asia’s infrastructure push.
“For years to come, OBOR looks likely to be the toast of Western boardrooms,” says a new report from the Economist, which draws on Reconnecting Asia’s open-source database of over 2000 infrastructure projects. While Western companies are winning “Belt and Road” business, Chinese firms are participating in significantly more projects.