The New Silk Road: Economic Importance, Investment, and the Shifting Global Balance of Power, Mohammad Ekram Yawar

The New Silk Road megaproject - known as "One Belt, One Road" and the "Belt and Road Initiative" - ​​apparently encompasses a wide range of energy, transport and communications projects, along with transit routes, oil and gas pipelines, ports, airports, and railways with Chinese capital worth more than $1 trillion. Despite the growing importance of this megaproject, few Persian-language articles have been published on the method, scope, and extent of investment in the Belt and Road Initiative. Therefore, the preceding article attempts to explain the method of investment in this megaproject. "How and with what mechanism does investment in the Belt and Road Initiative shape China's geoeconomic power?" This is the fundamental and central question posed in this article, which provides an analytical reading of the investment mechanism in the New Silk Road megaproject and the exercise of this country's geoeconomic power. Despite the importance of China's geopolitical competition with the United States, the author ignores this factor and instead, by mentioning the details of this investment, explains the geoeconomic aspects of this megaproject. Also, the internal problems facing it, such as the issue of debt-trap diplomacy, will be examined. The article shows how the investment pattern of this grand strategy affects the future world order. Finally, the article shows how the geoeconomic power of the New Silk Road can be translated into geopolitical power and reveals its geostrategic dimension.

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