The New Silk Road: How a Rising Arab World is Turning Away by Ben Simpfendorfer (auth.)

By Ben Simpfendorfer (auth.)

The upward push of the Arab global and China are a part of an analogous tale, as soon as buying and selling companions through the Silk street. this can be a absolutely revised and up to date account of the way China is spurring progress within the Arab international, making an allowance for new advancements that experience taken position because the first edition.

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The New Silk Road: How a Rising Arab World is Turning Away from the West and Rediscovering China

The increase of the Arab international and China are a part of an analogous tale, as soon as buying and selling companions through the Silk highway. it is a absolutely revised and up to date account of the way China is spurring development within the Arab global, taking into consideration new advancements that experience taken position because the first version.

Extra info for The New Silk Road: How a Rising Arab World is Turning Away from the West and Rediscovering China

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It is also following a path already taken by the Western companies. As the International Energy Agency wrote in a report, “China’s manner of entry into the global energy markets carries no surprise. ”44 The problem for China is that troubled states are not the most reliable business partners. They are vulnerable to regime change, and there is no reason for a newly installed government to honor existing agreements, especially if they must repay their military backers. Iraq was a case in point. A series of Chinese, French, and Russian firms had all signed agreements with Saddam Hussein’s regime during the 1990s.

64 Sun was plunged almost immediately into an emergency, as fighting broke out between Hizbollah and Israel in July 2006. He shuttled between Beirut, Damascus, Amman, Jerusalem, and Cairo during the hostilities, but his public statements were limited to requests for the cessation of hostilities. In addition to its increased diplomatic activity, China may more actively wield its power as a permanent member of the United Nations Security Council. In 2003, it sided with France and Russia in threatening to veto any resolution permitting an 47 48 The New Silk Road American-led invasion of Iraq.

It is a monster. It stretches nearly 280 kilometers. 2 Standard Oil of California grew rich because of Ghawar. But its luck didn’t last forever; in 1980 the Saudi Arabian government took full control of the concession, renaming the company Saudi Aramco. 3 It is just 70 years since Steinke made his first trip across Saudi Arabia, yet the discovery of oil has changed the future of the Arab world permanently. 4 Most of this is exported. So when oil prices surged from less than $30 a barrel to near $150 a barrel between 2004 and 2008 it represented a remarkable windfall.

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