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Article
The New Silk Road and the Impact on the Italian Production System
Author(s)
Michele Sabatino
Giuseppina Talamo
Full-Text PDF XML 595 Views
DOI:10.17265/1537-1506/2020.06.002
Affiliation(s)
Faculty of Economic Sciences and Law Kore University of Enna, Italy
Faculty of Economic Sciences and Law Kore University of Enna, Italy
ABSTRACT
The present work analyzes
the asymmetric relationship between China and Italy with a specific focus on
the impact of the Belt and Road Initiative (BRI) on the Italian production
system. With this analysis, it comes to light the importance of China as a
partner both for the industrial system and for the Italian production system. The
analysis of investments flows and trade to and from China in Italy evidence the
potential benefits that the development of logistic infrastructure along the
BRI, with specific reference to railway and maritime networks, could bring to
Europe and Italy, as well as the quality of logistics infrastructure, comparing
them also to others European Countries, using the performance index, such as
Logistic Performance Index (LPI). In fact, it is evident that reducing
transport costs and strengthening the infrastructure systems in several
countries that are part of the BRI could gain benefits. However, the issue is
to understand and examine if, in an asymmetric structural economic and
political situation, the result would be win-win, or instead the advantages
would be redistributed unequally.
KEYWORDS
Belt and Road, China, Europe, infrastructure, international economic system
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