Economic and Political Impacts of the Belt and Road Initiative on Kazakhstan*

doi:N/A

International Journal of Arts, Humanities And Social Studies

2022, Volume 4, Issue 3

Research Article

Economic and Political Impacts of the Belt and Road Initiative on Kazakhstan*

Gökhan TEKİR

Abstract

The Belt and Road Initiative, announced in 2013 in Kazakhstan by Xi Jinping, the President of People‟s Republic of China, is the most ambitious project in the current century. This initiative aims to connect China with the rest of the world by unveiling six main economic corridors. These economic corridors assume the construction of roads, railroads, ports, and dry ports, upgrading the infrastructure of the participant countries. Kazakhstan serves as an entrepot for the Belt and Road Initiative. It actively participates two economic corridors: the New Eurasian Land Bridge and the China-Central Asia-West Asia and plans to participate the China-Pakistan Economic Corridor. The Belt and Road Initiative is compatible with Kazakhstan‟s own infrastructure development plans. Participating the Belt and Road Initiative enhanced Kazakhstan‟s economic connections with the European Union countries, China and the Central Asian countries. It also captures transit container trade along Belt and Road route. Politically, its joining in the Belt and Road Initiative helps Kazakhstan implement its traditional multi-vectoral foreign policy

Keywords

The Belt and Road Initiative

Kazakhstan

Infrastructure

China

Economy

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