Suchergebnisse

Abstract
China's investment activities and infrastructure development in Africa under the Belt and Road Initiative ("BRI") have changed the prospects of economic cooperation between African countries and Asia's largest economy. Africa plays a prominent role in one of the key BRI corridors, which explains China's active engagement on the continent through the construction of hard infrastructure, port development and trade and investment activities. China is Africa's largest bilateral trading partner and foreign direct investor. This paper analyses China's investments and trade flows with Africa, the importance of African countries for the BRI and China-Africa relations within the geopolitical triangle US-EU-Russia. We applied correlation analysis to assess the intensity of the relationship between FDI and trade and an autoregressive model to extrapolate import and export data for a given period with the aim of forecasting trends in the development of China - Africa economic relations. Empirical results indicate a strong correlation between China's FDI to African countries and their trade flows. The autoregressive model estimates a substantial increase in their trade flows, which, along with China's infrastructural development in Africa, suggests a change in the dynamics of their trade cooperation and in the geographical structure of African countries' foreign trade.

When China introduced the strategy for the new Silk Road in 2013, it had once again affirmed its position as a global leader and defined future direction in its foreign policy and economic development. As one of the most ambitious projects ever, once fully implemented, the new Silk Road will connect markets in Asia, Middle East, Africa and Europe, strengthen cooperation between countries and boost international trade flows.This paper analyzes the importance of the new Silk Road for economies along its corridors, аs well as the impact on Serbia's economic development. It examines China's investment model in Serbia, sectors with the largest volume of investment and the potential risks that developing countries could face through the implementation of BRI projects. The review also evaluates the attractiveness of the Serbian market and its role in the BRI vision in the Western Balkans. Preliminary research indicates that investments from China in recent years have had a positive impact on Serbia's economic development. It is anticipated that further enhancement of investment relations between Serbia and China may have a wider impact not only on the realization of BRI goals in Serbia, but also in Europe, considering Serbia's geographical position and the potential to bring Chinese companies closer to the EU market.

Abstract
The spectacular economic development of South Korea in recent decades has continuously intrigued economists, academic community and general public. Whether such a development model be applied to other, less developed countries is one of the topics often explored in a number of studies and debates. Therefore, the principles of South Korean development model and the economic parameters of its foreign trade today, are some of the research aims of this paper. The research focuses on economic relations between South Korea and Serbia, current trends and prospects for future economic cooperation through the analysis of comparative advantage of the most prominent export products and industries, using the RCA index. The analysis shows that Serbia has a potential to further improve cooperation with South Korea in several export sectors, and coupled with investments in human resources and infrastructure, as well as the active promotion of Serbian market to South Korean companies, it may be one of the vectors of their future cooperation.