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Prospects for Infrastructure and Economic Development under the Maritime Silk Route (MSR) Initiative
Fakhar Hussain,Dr. Musarat Amin,Kamran Abdullayev
Abstract:
Through the historical legacy of its "silk diplomacy," China seeks to enhance interactions between individuals from diverse nations, regions, social strata, and religious backgrounds to study the prospects in lieu of the constructive dimension of cooperation and exchanges, strengthening the basis of amicable relations amid people, and making constructive contributions to the promotion of development and peace in the world. China has proposed revitalizing the historic "Silk Road of the Sea" as a "Maritime Silk Route" of the twenty-first century as a diplomatic weapon to accomplish "national rejuvenation." It aims to get economic benefits through "win-win cooperation" to ensure success and mutual growth while making it easier for the involved states and Beijing to become more culturally and economically integrated. Using the increased interdependence as a tool, particularly by exploiting its weaknesses, will strengthen the relationship between China and the participating countries, enabling Beijing to exercise significant influence over the policies of other states. The effective execution could cement China-centric infrastructure, investment, and trade networks in Southeast Asia, East Asia, Eurasia, and beyond, similar to the "flying geese" model of Japan, by leveraging peaceful cooperation, mutual benefits and sustainable development within the maritime domains.
Keywords:
Silk route, Eurasia, Zhou Dynasty, Buddhism, Financial Institutions, Global trade
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