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Bibliography - Alexandroff, Alan S. (March 2010). Challenges in Global Governance: Opportunities for G-x Leadership, Retrieved on 2 April, 2019 from http://www.stanleyfoundation.org/publications/pab/AlexandroffPAB310.pdf - Archer, C, III edition (2001). International Organizations, New York: Routledge - Berridge G.R. III edition ( 2005). Diplomacy: Theory and Practice. UK Palgrave Macmillan. - Buchanan, Allen and Robert O. Keohane (2006).The Legitimacy of Global Governance Institutions. Ethics and International Affairs 20 (4) (pgs. 405-437). - Cox, R, (1987

] Betsill, M. M. & Bulkeley, H. (2003), Cities and Climate Change: Urban Sustainability and Global Environmental Governance , London: Routledge. Betsill, M. M. & Bulkeley, H. (2004), ‘Transnational networks and global environmental governance: The cities for climate protection program,’ International Studies Quarterly , vol. 48, no. 2, pp. 471–493. https://doi.org/10.1111/j.0020-8833.2004.00310.x Betsill, M. M. & Bulkeley, H. (2006), ‘Cities and the multilevel governance of global climate change,’ Global Governance: A Review of Multilateralism and International

: Chicago University Press. Zachara, M. (2012). Global Governance. International Order After the End of US Century. Krakow: Wydawnictwo Uniwersytetu Jagiellońskiego. Zacher, L. W. (2006). Post-information Society in the Context of Society Evolution and Vision of the Future. In: Habera, L. H. & Niezgora, M. eds. Information Society: Functional and Dysfunctional Aspects. Krakow: Wydawnictwo Uniwersytetu Jagiellońskiego. Żukowski, S. (1992). ‘Cosmopolitism and Postmodernism vs. Global Order’. Żurawia Papers . Book 13/2009.

Abstract

What has now been coined the term XXI Century Silk Road had evolved from a speech given by Chinese premier Xi Jinping in Kazakhstan in 2013. It was initially a plan aimed at promoting the bilateral relations of China and its neighbors; however, the initiative had since then traversed the region’s borders and become a global project.

This paper examines the Silk Road Economic Belt initiative in light of Chinese-EU relations. It reviews the initiation of the Silk Road Project and focuses on its political economic analysis through investigating the potential routes the Belt can take, the EU-Chinese trade and investment standings as well as the global political context that the increased cooperation and connection is likely to influence.

The paper uses the Modern Silk Road concept as an example of China’s foreign policy in the wake of globalization and the emergence of a new multipolar world order. To set the stage we will begin with a political-economic approach of the New Silk Road. Highlighting the possibilities of Chinese high culture, which accommodate global governance, we state that the Modern Silk Road project is one of its materialized forms. The concept of the New Silk Road (together with the Eurasian Union) denies the previous era of corruption and personality cult and indicates a milestone in the development of China, proving that it is already a globally responsible power (Värk, 2015).

Even if transport by land is significantly more expensive than transportation by sea, the New Silk Road may have significant advantages: It may take only two weeks, saving potentially a week in shipping time, and diversify China’s dependence on sea transport that could reduce the importance of its regional diplomatic conflicts. Already these aspects show that the purpose of the Modern Silk Road is basically not to explore cost-efficiency but to contribute to the establishment of a new, multipolar world order. The fact that the Modern Silk Road is a supply-driven concept in spite of the historical one underlines this argument. Even if politics dominate, henceforward directing the economic activities, we will nonetheless examine the China-Eastern European relations through the lenses of trade and investment as well.

After the initial analysis and description of the Silk Road Economic Belt as a tool of Chinese foreign policy, the paper goes on to examine the potential routes the railway takes from China to Europe. It reviews the trade and investment ties that the two entities share and assesses how this initiative contributes to the rise of Europe and China beside the USA. Lastly, it outlines how various regional and global powers are affected by the renewal of the Silk Road.

Abstract

With the challenges of inequality so embedded in the political and economic infrastructure and their origin at least in part associated with national and global forces outside and beyond the control of the city, remediation is extraordinarily difficult. Only with innovation and imagination is inequality likely to be touched. Only if we are willing to look at the informal as well as the formal economy, and ignore the common wisdom about corruption and squatting and hidden capital, are we likely to find some partial answers to the burdens under which the most progressive and prosperous cities labour. (Excerpt)

References 2006-2014. Romanian Statistical Yearbook National Institute of Statistics 2015. MONTHLY STATISTICAL BULLETIN, 8/2015. Statistics NIo (Ed.). National Institute of Statistics, Romania Abdulsamad, A., Frederick, S., Guinn, A., Gereffi, G., 2015. Pro-Poor Development and Power Asymmetries in Global Value Chains. Ducke University, Center on Globalization, Governance and Competitiveness Cattaneo, O., Gereffi, G., Staritz, C., 2010. Global Value Chains in a Postcrisis World. A Development Perspective. The International Bank for Reconstruction and

References • Aksu, E., Camilleri, J. (2002). Democratizing Global Governance. Retrieved from Democratizing Global Governance. http://www.palgrave.com/us/book/9780333971222 • John C. Hull. (2012). Options, Futures, and Other Derivatives. Retrieved from http://polymer.bu.edu/hes/rp-hull12.pdf. • Oliver Fratzscher. (2006, March 23). Emerging Derivatives Markets in Asia. Retrieved from http://siteresources.worldbank.org/Extbanking/Resources/Derivative-Markets-Present.pdf. • Robert W. Kolb, James A. Overdahl. (2010). Financial Derivatives: Pricing and Risk Management

. 1-2. Kahler, M., (2013), Economic Crisis and Global Governance: The Stability of a Globalized World , Procedia-Social and Behavioral Sciences, Vol. 77, pp. 55-64. Kickert, W., (2012), State responses to the fiscal crisis in Britain, Germany and the Netherlands , Public Management Review, Vol. 14, no. 3, pp. 299-309. Levine, R., (2012), The governance of financial regulation: reform lessons from the recent crisis , International Review of Finance, Vol. 12, no. 1, pp. 39-56. Li, J. S., (2003), Relatio - n based versus Ru - le based Governance: An Explanation of

:30 03.04.2015 [7] http://www.brics-info.org/category/global-governance/ , accesed at 22:30 03.04.2015 [8] Paraschiva Bădescu, „ Asia Centrală – Evoluții, provocări, strategii, perspective ”, Revista Română de Geopolitică și Relații Internaționale – Vol. VI – Nr. 1/2014, p. 16 Bibliography Concept of the Foreign Policy of the Russian Federation , Chapter IV “Regional Priorities”, http://www.mid.ru/bdomp/ns-osndoc.nsf/1e5f0de28fe77fdcc32575d900298676/869c9d2b87ad8014c32575d9002b1c38!OpenDocument http://www.brics-info.org/category/global-governance Martha Brill Olcott

. 1-2. Kahler, M., (2013), Economic Crisis and Global Governance: The Stability of a Globalized World , Procedia-Social and Behavioral Sciences, Vol. 77, pp. 55-64. Kickert, W., (2012), State responses to the fiscal crisis in Britain, Germany and the Netherlands , Public Management Review, Vol. 14, no. 3, pp. 299-309. Levine, R., (2012), The governance of financial regulation: reform lessons from the recent crisis , International Review of Finance, Vol. 12, no. 1, pp. 39-56. Li, J. S., (2003), Relation based versus Rule based Governance: An Explanation of the