According to the 2011 economic outlook report, china has surpassed the us as africa. Obor was initially launched by chinas president xi jinping in late 20 as one of the asian superpowers. Article pdf 62kb the future of trade in asia could depend heavily on what becomes of chinas expansive one belt, one road initiative, which. An introduction one belt, one road even at the highest level of enlightenment, one can still make further progress first announced in 20, the one belt, one road10 strategy is an ambitious initiative to strengthen the worlds secondlargest economys investment, influence and trade links to. One belt, one road obor members research service page 5 of 12 that run parallel to or link the belt and the road. The final version of this paper has been published as one belt one road and chinese investment, chapter 8 in chao, xi and wolff, lutzchristian eds, legal dimensions of chinas one belt one road, wolters kluwer hong kong limited, 2016. One belt one road obor initiative is a historical initiative which connects the people over the world and facilitates various opportunities for global peace. The chinamongoliarussia economic corridor is one of six key corridors on the belt and road initiative. Abstract since 20 one belt, one road obor, also belt and road initiative has been one of the most commonly used terms in public discourse regarding. These two major initiatives were initially packaged and labelled under the overarching term one belt, one road. The belt and road initiative bri, also known as the one belt and one road initiative obor, is a development strategy proposed by chinese government that focuses on connectivity and cooperation between eurasian countries. The main purpose of this study is to explore implication of one belt one road initiative for global future development. Africa being one of the focus areas, chinas engagement in africa seems more relevant than ever. With indias strategic location in the indian ocean and its burgeoning economy, its active participation is a necessary condition for the success of the initiative.
Chinas one belt one road initiative an indian perspective. Chinas belt and road initiative bri development strategy aims to build. Pdf one belt one road initiative of china implication. The belt and road initiative bri or one belt, one road obor is a. One belt one road initiative is one biggest initiative proposed by president xi jingping in 20 to boost the world economy especially international trade, finance and the tourism. How is chinas belt and road initiative transforming. Despite the nameone belt, one roadits not a road safety initiative. It is short for the silk road economic belt and the 21stcentury maritime silk road. The one belt one road obor initiative is a historical landmark which intends to connect more than twothirds of the world population and opening up the windows for reviving global business. Obor in the context of the ccps evolving foreign policy canon 11. Promote friendship between our people and work together to build a bright future.
Despite the name one belt, one road its not a road safety initiative. This article explores the dual security challenges faced by the one belt, one road initiative. Jan 28, 2020 chinas belt and road initiative bri, sometimes referred to as the new silk road, is one of the most ambitious infrastructure projects ever conceived. The obor comprises the silk road economic belt and the 21st century maritime silk road, encompassing over 60 countries from asia to europe via southeast. This book provides an authoritative overview, grounded in critical political economy, of the one belt one road obor initiative and will no doubt become a benchmark for future studies of this complex and ambitious project. In the fall of 20, president xi jinping of the peoples republic of china prc invoked the ancient silk road when announcing the one belt, one road obor initiative. One belt, one road and chinese investment by vivienne. One belt and one road initiative, peace and development, muara port of brunei and sikanoukville port of cambodia. Mapping chinas one belt one road initiative springerlink. Travel to mongolia to discover spectacular new infrastructure projects.
It also analyzes the reasons of origin, strategy, opportunities and challenges of obor initiatives on the basis of. The one belt, one road initiative global trade analysis project. It is grandiose, potentially involving an area that covers 55 percent of world gnp, 70 percent of global population. Initiative bri from the chinese yi dai yi lu, literally one belt one road is a commitment to easing bottlenecks to eurasian trade by improving and building networks of connectivity across central, western and southern asia, but also reaching out to the middle east as well as east and north africa.
Ever since the policy of one belt one road initiative was propounded by president xi jinping, the gulf region countries saudi arabia, uae, qatar, kuwait, bahrain, oman, iraq and iranwhole. It is now over three years since president xi jinping of china first announced his. According to the 2011 economic outlook report, china. President xi jinping declared that obor will be his one and only major foreign policy initiative during his administration. One belt one road initiative an african perspective. It is a historical initiative of china to connect the people all over the world. This edition of prospects will discuss obor from a high level perspective. Vision and actions on jointly building silk road economic belt and 21stcentury maritime silk road. The one belt one road obor initiative is a historical landmark which intends to connect more than twothirds of the world population and. Pdf one belt one road initiative and georgia vladimer. The one belt one road obor initiative, officially unveiled by president xi jinping in september 20, has two core components.
The one belt one road obor is an ambitious economic diplomacy initiative from china with two components, one via the overland route from asia to europe and the other through the maritime route between asia and europe. It comprises two major programs entitled to silk road economic belt and 21st century maritime silk road. The trade network structure of the one belt and one road. Chinas belt and road initiative bri, sometimes referred to as the new silk road, is one of the most ambitious infrastructure projects ever conceived. Understanding chinas belt and road initiative lowy institute. Chinas belt and road initiative in the global trade. You will be practiced to come up with the money for more suggestion to further people. An introduction one belt, one road even at the highest level of enlightenment, one can still make further progress first announced in 20, the one belt, one road10 strategy is an ambitious initiative to strengthen the worlds secondlargest economys investment, influence and trade links to the rest of the globe. Chinas great leap outward china analysis introduction by francois godement china has created an action plan for its silk road concept in the form of the one belt, one road obor initiative. Economic belt sreb and the 21stcentury maritime silk route msr. One belt one road obor, the brainchild of chinese president xi jinping, is an ambitious economic development and commercial project that focuses on. These economic corridors differ largely in size and are at various stages of planning and implementation, with some relying on existing infrastructure or projects integrated into the obor initiative. Pdf one belt one road obor initiative is a historical initiative which connects the people over the world and facilitates various.
The risks of one belt, one road for chinas neighbors. The concept of the one belt one road initiative obor was raised by the president of the peoples republic of china in october 20. What is the nature of this for eign policy and how is it implemented under the xi jinping administration. Pardubice czech republic, a route from chengdu to lodz poland and one from. The silk road economic belt and the 21 st century maritime silk road initiatives one belt, one road are of significance in enhancing chinas open economy. The one belt one road obor initiative, established by president xi jinping of china, is an extensive longterm infrastructure initiative modernizing the original silk road trading routes.
Chinas belt and road initiative also known as one belt, one road. In september 20, chinese president xi jinpin g proposed the one belt and one road obor initiative, which includes the countries along the silk road economic belt and the 21st century maritime silk road. Obor is one of president xis most ambitious foreign and economic policies. Chinas onebelt oneroad initiative obor 1 is the core element in the nations eurasian foreign policy. These economic corridors differ largely in size and are at various stages of planning and implementation, with some relying on existing infrastructure or. Us recognition of the importance of chinas belt and road initiative bri, a move that will likely be seen as signaling acceptance of one of. The one belt one road obor initiative was proposed by chinese president xi jinping in 20. Jan 28, 2020 one belt one road obor, the brainchild of chinese president xi jinping, is an ambitious economic development and commercial project that focuses on improving connectivity and cooperation among. Xis vision is an ambitious program of infrastructure building to. One road obor or belt and road initiative bri, there was an intense curiosity and interest surrounding this proposal and the same still continues unabated. Obor plans to weave asia, europe, africa, and the middle east closer. The obor comprises the silk road economic belt and the 21st century maritime silk road, encompassing over 60 countries from asia to europe via southeast asia, south asia, central asia, west asia, and the middle east.
Chinese president xi jinping announced one of chinas most ambitious foreign policy and economic initiatives at the end of 20. One belt one road obor is arguably one of the largest development plans in modern history. Chni a is leadni g the effort to create the wordl s largest economic platform. The impact of chinas one belt one road initiative in. By examining chinas obor initiative, this article argues that obor is not. Chinas one belt one road obor initiative can significantly impact asia and parts of europe, economically and strategically. The one belt, one road obor initiative has been a topic of hot debate among sinologists and pundits in recent years. Chinas one belt one road initiative and the gulf pearl.
This heightened interest stems from the fact that, the world is largely unable to fathom out the exact rationale and intent behind this. Map of the transportation links along the belt and road initiative merics in september 2015, the government issued guidelines for official translation7 of. The new global projects put forward by china such as the silk road economic belt srec and the 21st century maritime silk road, which combined make up the one belt one road initiative, create new opportunities for developing the world. One of the biggest stories in asian business is chinas one belt, one road initiative, an economic and diplomatic program that could transform trade. Chinas massive belt and road initiative council on. Chinas belt and road initiative is neither a strategy. May 15, 2017 despite the nameone belt, one roadits not a road safety initiative. One belt one road obor by china should india join it. Chinas one belt, one road initiative obor or silk road initiative is often referred to as a eurasian infrastructure network initiative, but it is in fact much more than that.
Oct 30, 2019 the chinamongoliarussia economic corridor is one of six key corridors on the belt and road initiative. According fiano, 2018 explained the stories of the one belt one road and then gave to us the opportunity of the one belt one road to world. Chinas one belt one road initiative world scientific. He called for the building of a silk road economic belt and a 21st century maritime silk road, collectively referred to as one belt one road obor. The one belt one road project obor is one of chinas key initiatives as part of its plan to assert its position as one of the worlds strongest economic powers. The one belt, one road obor initiative creates significant opportunities for organisations to participate in a range of projects, especially those involved in the infrastructure, construction, heavy equipment, energy, water and related industries. As the second largest garments producer and exporter in the world market after china, bangladesh. The obor initiative involves approximately 66 countries that contribute more. Read download chinas one belt one road initiative pdf. A practical assessment of the chinese communist partys roadmap for chinas global resurgence 1.
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