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The New Silk Roads summary
The Present and Future of the World
19 mins
Brief summary
The New Silk Roads by Peter Frankopan explores how Asia is becoming the center of the world, economically and geopolitically. The author analyzes the historical and political factors that are shaping the global power shift towards the East.
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The New Silk Roads
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Newly wealthy Easterners are buying up Western trophies and shaking up the travel industry.
In past centuries, wealthy Englishmen would flock to places like Rome and Venice as part of an extravagant travel tradition known as the Grand Tour. While abroad, they often snapped up expensive pieces of local culture to bring back to England. Precious objects such as sculptures, paintings and exquisite furniture were bought and shipped back home. But how could they afford such trophies? Simply because military and commercial accomplishments had transformed England into a vastly wealthy worldwide superpower.
But at the dawn of the twenty-first century, everything has changed. The world’s center of economic power is shifting from the West to the East. Consequently, international trophy hunting still goes on, but the people indulging in it are no longer English. Instead, they are wealthy citizens of countries such as China and Russia.
Significantly, the modern-day trophies the new, non-Western elite covet are the football World Cup tournament, which has been snapped up in recent years by Qatar and Russia, the Winter Olympics, which was also held in Sochi, Russia in 2014, as well as magnificent, Western art galleries. For instance, when the Louvre wanted to open a new museum, they didn’t pick Paris, they chose Abu Dhabi, United Arab Emirates. London’s Victoria and Albert Museum plumped for Shenzhen, China, when deciding where to put their new museum.
And the trophy hunting doesn’t stop there. World-famous English stores such as luxury department store Harrods and toy shop Hamleys, as well as influential newspapers like London’s Evening Standard, are all in the hands of owners from Emirati, Russian or Chinese backgrounds.
Interestingly, the Eastern world’s economic rise has other consequences that will affect Westerners far more than simply losing ownership of their most famous brands.
For instance, over the last 30 years, there has been a five-fold increase in Chinese tourists’ spending abroad. This spending has risen $500 million to a whopping $250 billion annually, twice as much as American tourists now spend abroad. This will have a huge impact on the tourism industry. Everything from airlines and online booking agents to the style of rooms in hotels, to what drinks are on offer in hotel bars is changing to reflect the rise of tourism in China. This recalibration of the travel industry will only accelerate since Chinese tourism is still in its infancy. Just one in 20 Chinese people have passports currently; there is plenty of room for more Chinese tourism.
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What is The New Silk Roads about?
The New Silk Roads (2018) explores current affairs and political trends from an Eastern perspective. Using up-to-date examples and staggering statistics, the blinks explain the complicated global relationships and alliances at play in international relations today.
The New Silk Roads Review
The New Silk Roads (2018) explores the shifting dynamics of global power and trade in the 21st century. Here's what sets this book apart:
- It offers a fascinating perspective on the interconnectedness of nations and the economic forces shaping our world today.
- Combining historical analysis, geopolitical insights, and firsthand interviews, the book provides a comprehensive understanding of the challenges and opportunities in a changing global landscape.
- With its engaging storytelling and thought-provoking ideas, the book leaves readers with a deeper appreciation for the complex web of relationships shaping our economic and political future.
Best quote from The New Silk Roads
The people of various countries along the ancient Silk Roads have jointly written a chapter of friendship that has been passed on to this very day. – President Xi Jinping of China
—Peter Frankopan
Who should read The New Silk Roads?
- Current affairs enthusiasts looking for fresh insights
- History buffs wanting a new perspective
- Business leaders wanting to prepare for the world of tomorrow
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The New Silk Roads FAQs
What is the main message of The New Silk Roads?
The main message of The New Silk Roads is the transformation of global power and trade through historic and emerging routes.
How long does it take to read The New Silk Roads?
The reading time for The New Silk Roads varies depending on the reader, but it typically takes several hours. The Blinkist summary can be read in just 15 minutes.
Is The New Silk Roads a good book? Is it worth reading?
The New Silk Roads is worth reading for its perspective on the major shifts in global power and trade. It offers valuable insights and analysis.
Who is the author of The New Silk Roads?
The author of The New Silk Roads is Peter Frankopan.
What to read after The New Silk Roads?
If you're wondering what to read next after The New Silk Roads, here are some recommendations we suggest:
- The Silk Roads by Peter Frankopan
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- Empire by Niall Ferguson
- What Got You Here, Won’t Get You There by Marshall Goldsmith
- Man’s Search for Meaning by Viktor Frankl
- Shift by Ethan Kross
- Heal Your Gut, Save Your Brain by Partha Nandi
- The New Map by Daniel Yergin
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