CHANGING FACE OF EUROPE: THE PROJECTED IMPACT ON EUROPE’S “CORE” AND “PERIPHERY” OF CHINESE FDI INTO THE CEEC REGION
Journal Title: International Journal of Economics, Commerce and Research (IJECR) - Year 2018, Vol 8, Issue 5
Abstract
Chinese Foreign Direct Investment (FDI) is earmarked continuously for Central and Eastern European Countries (CEEC), culminating thusfar with China’s announced plan to enlarge the deep water cargo port in Piraeus, near Athens, Greece, currently owned by the Chinese Overseas Shipping Corporation (COSCO), as the “dragon head” of its “One Belt, One Road” (“OBOR”) infrastructure initiative. This investment alone stands to alter the architecture of the European Community as well as its relations with “neighbourhood” nations. With the United Kingdom having decided to leave the European Union (“Brexit”), prosperity along Europe’s Western “periphery” is likely to decline. With Euro 50 Billion earmarked to enlarge deep water cargo port facilities in Greece at Piraeus, near Athens, Europe’s Eastern “periphery” will grow in prosperity. So will the economies of other nations in the CEEC, as Asia-produced goods enter Europe at Piraeus instead of in Gibraltar, Rotterdam or Hamburg, and then are distributed by highway or railway Westward into the European “core” that it is likely to shift Eastward. Much of the freight unloaded at Piraeus is cargo that is currently being or has been recently unloaded in British Gibraltar, Netherlands or Germany, making fortunes in those countries decline. Research questions include: What posture will be powerful Western European countries adopt in the face of this changing reality? As Europe’s “core” moves Eastward largely into Hungary and Poland, what impact will that exert on CEEC? As the “European Neighbourhood” witnesses this change, what adjustments, if any, will be made in relations between or among European Union Member States and each other, including Western Europe and CEEC, as well as between or among the European Community or its Member States and its or their neighbours, particularly those across Eurasia?
Authors and Affiliations
DAVID A. JONES, HANZHEN LIU
Keywords
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- EP ID EP439220
- DOI 10.24247/ijecrdec20183
- Views 118
- Downloads 0
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