National Interests: Priorities and Security
 

Change in the national economic security of the People's Republic of China during the implementation of the Silk Road Economic Belt strategy as part of the economic confrontation with the Member States of the Shanghai Cooperation Organization

Vol. 14, Iss. 5, MAY 2018

Received: 2 November 2017

Received in revised form: 28 November 2017

Accepted: 18 December 2017

Available online: 15 May 2018

Subject Heading: THREATS AND SECURITY

JEL Classification: N45, O19

Pages: 972984

https://doi.org/10.24891/ni.14.5.972

Gordienko D.V. Russian Presidential Academy of National Economy and Public Administration, Moscow, Russian Federation
gordienko@ranepa.ru

ORCID id: not available

Prazdnov G.S. Russian Presidential Academy of National Economy and Public Administration, Moscow Russian Federation
prazdnov@ranepa.ru

ORCID id: not available

Importance The article discusses prospects of the Silk Road Economic Belt strategy and inherent decline in China's economic counteraction with other SCO member States.
Objectives The article presents a comparative evaluation of the national economic security of China and other SCO countries from external and internal threats arising from their economic counteraction.
Methods Based on econometric and statistical methods, we evaluate how the national economic security of China changes due to external and internal threats as part of the economic confrontation among the SCO countries.
Results We adapted the approach to comparing the national economic security of China and the SCO countries to the Silk Road Economic Belt as part of their economic counteraction. The proposed approach helps set up priorities of the economic development policies of China, Russia, India, Iran, Pakistan, Kazakhstan, Uzbekistan and other countries as part of global integration projects under the current circumstances.
Conclusions and Relevance The national economic security of China can be expressed as a product of multiplicands describing the extent to which the economy is shielded from external and internal threats as part of economic counteraction and other forms of protecting the national economy. According the findings and assessments and recent global developments, we assume that the Silk Road Economic Belt strategy will reinforce the national economic security of China and most of the SCO countries.

Keywords: economy, SCO, Silk Road Economic Belt, strategy, economic confrontation, economic security

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