Externalisation of domestic economic constraints: China’s spatial fix in Kazakhstan and Turkmenistan
Growing capital over-accumulation and excessive industrial production have forced policymakers in Beijing to search for profitable outlets overseas. The Belt and Road Initiative (BRI), which focuses on infrastructure connectivity projects across Eurasia, reflects these efforts. This paper th...
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| Format: | Article |
| Language: | en |
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Penerbit Universiti Kebangsaan Malaysia
2023
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| Online Access: | http://journalarticle.ukm.my/25595/1/Sinergi_3_2_2.pdf http://journalarticle.ukm.my/25595/ https://spaj.ukm.my/sinergi/index.php/sei/issue/view/6 |
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| _version_ | 1838231893094432768 |
|---|---|
| author | Hidayat Ullah Khan, |
| author_facet | Hidayat Ullah Khan, |
| author_sort | Hidayat Ullah Khan, |
| building | Tun Sri Lanang Library |
| collection | Institutional Repository |
| content_provider | Universiti Kebangsaan Malaysia |
| content_source | UKM Journal Article Repository |
| continent | Asia |
| country | Malaysia |
| description | Growing capital over-accumulation and excessive industrial production
have forced policymakers in Beijing to search for profitable outlets
overseas. The Belt and Road Initiative (BRI), which focuses on
infrastructure connectivity projects across Eurasia, reflects these efforts.
This paper theorises BRI as a spatial fix aimed at overcoming the
recurring problem of over-accumulation of capital. This paper focuses
on BRI-led projects in Kazakhstan and Turkmenistan. By conducting
unstructured interviews with experts and examining projects, this paper
found that BRI-led projects in Kazakhstan and Turkmenistan not only
provided a new geographical space and under-saturated market for
Chinese surpluses but also created the demand for Chinese State-Owned
Enterprises (SOEs) which were facing a decline in returns. This paper
also found that through elements such as non-competitive bidding,
embedded conditionality, and double preferential loans, China has
successfully stimulated overseas demand for its surpluses. The study,
therefore, concludes that BRI-led projects in Kazakhstan and
Turkmenistan serve as a spatial fix for China |
| format | Article |
| id | my-ukm.journal.25595 |
| institution | Universiti Kebangsaan Malaysia |
| language | en |
| publishDate | 2023 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| record_format | eprints |
| spelling | my-ukm.journal.255952025-07-15T00:58:19Z http://journalarticle.ukm.my/25595/ Externalisation of domestic economic constraints: China’s spatial fix in Kazakhstan and Turkmenistan Hidayat Ullah Khan, Growing capital over-accumulation and excessive industrial production have forced policymakers in Beijing to search for profitable outlets overseas. The Belt and Road Initiative (BRI), which focuses on infrastructure connectivity projects across Eurasia, reflects these efforts. This paper theorises BRI as a spatial fix aimed at overcoming the recurring problem of over-accumulation of capital. This paper focuses on BRI-led projects in Kazakhstan and Turkmenistan. By conducting unstructured interviews with experts and examining projects, this paper found that BRI-led projects in Kazakhstan and Turkmenistan not only provided a new geographical space and under-saturated market for Chinese surpluses but also created the demand for Chinese State-Owned Enterprises (SOEs) which were facing a decline in returns. This paper also found that through elements such as non-competitive bidding, embedded conditionality, and double preferential loans, China has successfully stimulated overseas demand for its surpluses. The study, therefore, concludes that BRI-led projects in Kazakhstan and Turkmenistan serve as a spatial fix for China Penerbit Universiti Kebangsaan Malaysia 2023 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/25595/1/Sinergi_3_2_2.pdf Hidayat Ullah Khan, (2023) Externalisation of domestic economic constraints: China’s spatial fix in Kazakhstan and Turkmenistan. SINERGI: Journal of Strategic Studies & International Affairs, 3 (2). pp. 6-26. ISSN 2805-4520 https://spaj.ukm.my/sinergi/index.php/sei/issue/view/6 |
| spellingShingle | Hidayat Ullah Khan, Externalisation of domestic economic constraints: China’s spatial fix in Kazakhstan and Turkmenistan |
| title | Externalisation of domestic economic constraints: China’s spatial fix in Kazakhstan and Turkmenistan |
| title_full | Externalisation of domestic economic constraints: China’s spatial fix in Kazakhstan and Turkmenistan |
| title_fullStr | Externalisation of domestic economic constraints: China’s spatial fix in Kazakhstan and Turkmenistan |
| title_full_unstemmed | Externalisation of domestic economic constraints: China’s spatial fix in Kazakhstan and Turkmenistan |
| title_short | Externalisation of domestic economic constraints: China’s spatial fix in Kazakhstan and Turkmenistan |
| title_sort | externalisation of domestic economic constraints: china’s spatial fix in kazakhstan and turkmenistan |
| url | http://journalarticle.ukm.my/25595/1/Sinergi_3_2_2.pdf http://journalarticle.ukm.my/25595/ https://spaj.ukm.my/sinergi/index.php/sei/issue/view/6 |
| url_provider | http://journalarticle.ukm.my/ |