Analysis of Structural Power Evolution Characteristics and Driving Factors along the Belt and Road
Using UNCTAD-Eora value-added traceability data to measure the structural power of the world's economies in the value chain network along the Belt and Road,and analyzes its evolution characteristics,distribution pattern and driving factors.The results show that although the value-added trade network along the Belt and Road is dominated by intra-regional trade,globalization and regionalization are developing simultaneously,and the value-added trade network is dominated by Asian,European and American economies.The structural power along the Belt and Road shows obvious multi-polar distribution,and the degree of power differentiation is serious,especially the structural power advantage of Asian economies.At the same time,the structural power along the Belt and Road has an obvious trend of losing and losing.The structural power of BRICS countries is on the rise year by year,while that of developed economies such as Japan,the UK and the US is on the decline.The structural power of a country is influ-enced by the quality of national institutions,the level of economic development,the level of industrialization,the de-gree of opening-up,the position of global value chain and the endowment of labor,capital,technology and other fac-tors.
TradeNetworkThe Belt and RoadRegional Value ChainStructural Power