Changing Dynamics of the Silk Route
Author(s):
Daljit Kaur, Suprity Guchhait
Keywords:
ancient silk route, new silk route, economy.
Abstract
The Silk Route was a historic trade route that dated from the second century B.C.E to the fifteenth century C.E. It was a network of Eurasian trade routes that stretched from Asia to the Mediterranean. The silk route was established by Zhang Qian a Chinese official and diplomat of the Han dynasty of China. It was a means to exchange various goods, cultures, science, arts, technology, and religion in various regions. Among the goods Chinese silk was the most demanded and lucrative good to be traded and thus the network of trade routes was named the Silk Route. In the fifteenth century with the fragmentation of the Mongol empire, the unity of the ancient silk route loosened and gradually declined. In 2013, after six centuries of the decline of the ancient silk route China announced an initiative to revive the silk route, connecting more than sixty countries from Asia, Europe, and Africa. It aims to establish a connection and cooperation between countries around the world like the ancient and medieval times. This paper tries to re-examine the old silk route and tries to understand the economic impact of the new silk route. The new silk route has lots of potential and may lead to a flourishing trade and economy. However, it has many obstacles in its way as it’s a huge project spanning over the continents.
Article Details
Unique Paper ID: 160800

Publication Volume & Issue: Volume 10, Issue 1

Page(s): 1227 - 1231
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