Topological relationship between trade network along Belt and Road Initiative and global trade network

Authors: Zhouying Song*, Institute of Geographic Sciences and Natural Resources Research, CAS, SHUYUN CHE, Institute of Geographic Sciences and Natural Resources Research, CAS, Weidong Liu, Institute of Geographic Sciences and Natural Resources Research, CAS
Topics: Economic Geography, China, Business Geography
Keywords: Belt and Road Initiative, global, trade network, trade community, topological relationship
Session Type: Paper
Day: 4/10/2018
Start / End Time: 12:40 PM / 2:20 PM
Room: Bacchus, Sheraton, 8th Floor
Presentation File: No File Uploaded

‘Unimpeded trade’ is one of the priorities of cooperation in the ‘Belt and Road Initiative’ proposed by China. And it is important to examine the topological relationship between BRI trade network and global trade network, for promoting a universal, rules-based, open, nondiscriminatory and equitable multilateral trading system. Based on literature review, this paper first analyzes community structure and trade network based on community detection algorithm, and then estimates the topological relationship of different trade communities. The finding of this paper are salutary. First, we identify five trade communities in global trade network through community detection algorithm, in which China, USA, Russia, India – UAE, and Germany - Netherlands - France - Britain are the cores of the five trade communities respectively. Second, we identify three trade communities and two sub communities in the BRI trade network, in which China is the core, Russia is the sub core of the biggest trade community, and India, UAE and Saudi Arabia are cores of the second trade community. Third, in the global trade networks, most BRI countries are still attracted by core nodes along BRI, such as China, Russia, India-UAE core nodes, and have strong trade contact with BRI countries. While most Central-East European countries are mainly attracted by Germany - Netherlands - France - Britain, which are with low penetration of BRI trade. Although some Southeast Asian countries are still absorbed to the Asia-Australia - South Africa Community with China as trade core, they should strengthen trade linkages with BRI countries.

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