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Silk Road Reopens

Posted on May 24, 2008 by Taimi Arvidson
Topics: Trade
Countries: China

Is the Silk Road making a comeback?

Newsweek says the historic trade route between Asia and the Middle East is reopening as trade grows between China and oil-rich Gulf countries. The chance to renew the old economic relationship between Asia and the Gulf coincides with a U.S. economy on the rocks and much of the world heading towards recession.

The joining of wealth seems perfect, with the Middle East is rich in oil and China looking for overseas investment.

What could reviving the old Silk Road mean for the U.S.? Newsweek quotes David Rubenstein, co-founder of the equity powerhouse Carlyle, as saying: “The economic center of the world is beginning to shift from the U.S. and Europe to the Middle East and Asia."

The original silk road. Photo: <a href="http://www.flickr.com/photos/sanjoy/177101851/">sanjoyg (flickr)</a>
The original silk road. Photo: sanjoyg (flickr)
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Keywords: Middle East

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