The new “Silk Road”: global aspect, EU position and economic role of Serbia

Abstract

More active participation of China in the international economy has been recognized by European countries, trying to position their economies on the new “Silk Road” map to attract Chinese investments and increase trade volume. The paper presents previous researches and analyses the position, benefits and chances for EU and Serbia to derive positive economic effects from this initiative. The research purpose is to point out the impact of “Silk Road” on the Serbian economy. The main findings are highlighting the advantages and disadvantages using analysis of scientific literature and emphasising the increase in investments and trade volume of Serbia with China using statistical analysis for the period after the initiative started in 2013.