Greenwald Publishes Article on Gulf States and BRI
Michael B. Greenwald (Pardee ’07), Lecturer at the Frederick S. Pardee School of Global Studies at Boston University, published a recent article on the Gulf States and broader Middle East as an important link between the economies of East Asia and Western Europe.
Greenwald’s article, entitled “The Silk Road and the Gulf: A New Frontier for the RMB,” was published on March 14, 2019 by the Harvard Kennedy School’s Belfer Center for Science and International Affairs.
From the text of the article:
Many view the Belt and Road Initiative as the most geoeconomically significant infrastructure project since the Marshall Plan. Promising alternative trade routes, abundant capital flows, and advanced infrastructure to the developing world, the program has scaled significantly since its inception in 2013.
Standing at the crossroads of Eurasia, the Gulf States and broader Middle East are an important link between the economies of East Asia and Western Europe.
Yet the region’s chronic and destabilizing conflicts pose a challenge for Beijing, which has distanced itself from entangling alliances outside its core periphery. In the Middle East, China will find it much harder to invest neutrally, especially within the context of the Saudi-Iran conflict and the Gulf Cooperation Council (GCC) dispute. In the case of the former, China is Tehran’s key economic benefactor, with sanctions now being re-imposed. With Iranian oil locked out of European and American markets, the country’s reliance on China and India has been exacerbated.
Michael B. Greenwald is currently a Senior Vice President of Tiedemann Advisors and is responsible for working with clients and prospective clients and assisting with the Firm’s business development efforts. Michael is also the Senior Advisor to the President and CEO Fred Kempe of the Atlantic Council. Learn more about him here.