Economy

Tyler Holland
Mr. Roddy
IHSS
30 January 2019
Economy


 The Eurasian Pole of Inaccessibility is the farthest point on land anywhere in the world from a sea or ocean, one of the last places that someone would consider to be the next center of world economy. However, this place is the current site of one of the greatest infrastructure projects. an Initiative known as "The New Silk Road", has been taking place nearby to this in a small town. This place, while only having a population of about 908 people has become one of the more recognized global trade areas. This project has an objective to create a big system of highways, power plants, and railroads in dozens of countries. This town is in a very fortunate location for this project, between two large countries and near to one of the next large global economy, this helps the city grow as a trading place for lots of goods. "China’s plans are significantly more ambitious, and they reach far beyond eastern Kazakhstan. The “belt” of the B.R.I. refers to the Silk Road Economic Belt, a tangle of rail and highway routes currently vining their way untidily across the continent from eastern China to Scandinavia. The “road” is the Maritime Silk Road, a shipping lane that will connect Quanzhou to Venice, with prospective stops along the way in Malaysia, Ethiopia and Egypt". Chinese companies are building and investing in new highway systems and power plants in Pakistan, ports in Greece and Sri Lanka, gas and oil pipelines in Central Asia, an industrial city in Oman and a $6 billion railway project in Laos. China’s port holdings stretch from Myanmar to Israel and from Mauritius to Belgium. It has spent an estimated $200 billion on the Silk Road projects so far mostly in Asia, and "has implied it will spend a total of $1 trillion on hundreds of projects around the world in the coming years". This project once complete, would make this central part of Asia a new center for global economy that would change the way a lot of countries do trade. 
“Can China Turn the Middle of Nowhere Into the Center of the World Economy?” The New York Times, The New York Times, 30 Jan. 2019, www.nytimes.com/interactive/2019/01/29/magazine/china-globalization-kazakhstan.html.

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