One Belt One Road initiative: A Revolution on Regional and Global Development (original) (raw)

One Belt One Road Initiative of China: Implication for Future of Global Development

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 main purpose of this study is to explore implication of One Belt One Road initiative for global future development. It also analyzes the reasons of origin, strategy, opportunities and challenges of OBOR initiatives on the basis of business, economic, political, social and environmental aspects. This study uses qualitative approach and secondary data particularly journal articles, conference proceedings, various documents of government, books, newspaper articles, magazine articles, and various websites of internet have been extensively used to determine the objectives. This article argues that partner countries and agencies will get economic and political benefits from these initiatives. It facilitates to connect people through road ways, air ways and water ways, coordinating policies of various governments, financial integration through cross border business, productivity and regional energy security. This study also analyzes risks and challenges associated to OBOR initiative implementation. It suggests that strong coordination among partners of OBOR is necessary to get full fruits of OBOR through supportive law, policy, rules and regulations, proper strategy implementation, transparent procurement system, sincere consideration on political, financial, environmental and social factors.

One Belt One Road Initiative of China Implication

Obor: One Belt, One Road Initiative, China Pakistan Economic Corridor, Challenges, and Impediments

Advances in politics and economics, 2022

The One Belt, One Road initiative not only proposes significant potentials in multifaceted realms including economic, political, strategic, and geographical dimensions, it also presents many uncertainties and possible apprehensions for the associated countries. The initiative broadly includes five areas of regional connectivity: policy reformation, infrastructure development, trade regimes and investment. The trade and investment facilitation are one of the main areas where the developing countries like Pakistan need to focus upon. The OBOR initiative paves regional connectivity paths between Pakistan, China, Central Asian Republics. Pakistan-China friendship is an incomparable phenomenon. The two states have nothing in common in terms of history, language, ethnicity, culture, or ideology, yet their nexus is being considered as deeply rooted and time-tested which has developed into a comprehensive strategic partnership. Pakistan-China partnership sustained and remained unaffected during changes of leaders, political system in the realm of regional and international politics. Both states have developed an ideal state-to-state relationship based on complete trust. They have been steadfast friends who have supported each other throughout thick and thin. On one hand, this initiative fosters new opportunities, but on the other it also unveils challenges. With the Chinese over production, the Asian markets will thus be loaded with the Chinese products, suppressing the Pakistan markets. This paper through secondary data investigation, takes a closer look at the One Belt, One Road initiative and its

One Belt One Road Strategy in China and Economic Development in the Concerning Countries

This paper discusses the vision, scope and the goals of the One Belt One Road Strategy in China and the associated impacts on economic development in the concerning countries as well as the risks and challenges likely to result during the implementation of the initiative. Secondary sources of data are used relying on various government documents, papers and other articles on the internet. The paper argues that the initiative has huge potential in promoting economic development in the participating regions. The initiative is posed to promote policy coordination, facilities, connectivity, unimpeded trade, financial integration, increased economic performance and productivity and people-to-people bonds. The paper also stresses on the risks and challenges that are likely to occur during the implementation of the One Belt One Road Strategy. To ensure the success of this strategy, the paper recommends that the governance and strategic planning of the One Belt One Road strategy be strengthened to ensure that it becomes as inclusive as possible as it involves many actors with different interests. Lastly, supportive regulation, strong project management, transparent procurement procedures and careful consideration of environmental and social impacts should be taken seriously.

One Belt, One road; an Initiative for the overall prosperity of the region

The new Silk Road; the prospect of this long-term economic plan of China as the overall stability of the region and the world. But where Afghanistan stands in this big project? Abdul Naser Noorzad, lecturer at Kabul university Today Asia faces tremendous economic and political developments as the most populous continent in the world. The emergence of new actors and the presentation of ambitious plans on their behalf to achieve long-term economic and political goals are evident. China is one of these emerging actors who is working on a Road Belt Initiative in the form of a macroeconomic strategy to become an uncontested power for a good economy for the people of mainly Asian countries and countries that are on the path to this plan. In addition to gaining economic benefits, it is highly determined to expand its sphere of political influence. Understanding China as an emerging power becomes increasingly important. The country's current top priority in international politics is the promotion of a major Silk Road project. This project could be analyzed based on the content of China's commercial and industrial policy. From this perspective, China's key goal of designing and implementing this macroeconomic plan is to form the Chinese Value Chain in the geo-economic environment of Eurasia and Africa, which over the past two years has seen more than half of China's investment projects in Eurasia and Africa and it has been defined and supported by the Chinese government. In order to better understand China's industrial and commercial policy in the framework of its macro-foreign policy, it should be the main components of its foreign policy as the second largest economy in the world, combined with the country's growing economic presence, along with capabilities such as the massive population, geopolitical position, the growing military and rich culture to better understand the importance of paying attention to the country's attitudes and initiatives on the international scene and explain the implications of these initiatives. The plan, which includes about 4.4 billion people worldwide (65%) and 21 trillion of unannounced global production, includes 70 countries, and was announced by the Chinese president, Xi Jinping in 2013. The basic question for any Afghan in this direction of this big economic plan is that why Afghanistan despite of having a suitable route is not part of this big economic project while this project is being implemented by its neighbor China. In spite of the challenges facing this war-torn country, Afghanistan can be seen as part of this plan. Because Afghanistan, as a neighbor of this emerging economic (China) enjoying warm diplomatic relations with this country. The opportunities that Afghanistan can offer as a crossroads in this area can provide for the world's largest economy,

One Belt, One Road: a new framework for international relations?

Polish Journal of Political Science, 2018

Since 2013 “One Belt, One Road” (OBOR, also “Belt and Road Initiative”) has been one of the most commonly used terms in public discourse regarding Chinese foreign policy. This show the importance of the initiative to the Chinese leaders, particular president Xi Jinping. The enterprise consists of two parts: The Silk Road Economic Belt and The 21st-century Maritime Silk Road. The article aims to consider the future development of the project. The analysis of Chinese documents, statements of political leaders, and expansion of the project from 2013 to mid-2017 was employed in order to assess possible outcomes of the policy. The results of the study lead to three conclusions. Firstly, OBOR is becoming an umbrella term for different regional development strategies across Eurasia, Africa and perhaps beyond. Those strategies include many aspects, ranging from economy, through security, science to environmental protection. Secondly, OBOR became the cognitive framework, a paradigm, for international relations – the way that people perceive them. Thirdly, the introduction of the initiative may be the beginning of China in the role of architect of new global institutions and rules. However, the rapid expansion of OBOR, both in term of quantity of participants as well as various aspects of cooperation, may lead to ineffectiveness of the initiative.

The Implication of One Belt One Road Initiative for East Africa Countries

Journal of Corporate Governance & International Business Law

In 2013, Chinese President Xi Jinping announced an initiative called "Silk Road Economic Belt" and a "21 st Century Maritime Silk Road. When first announced it was translated into English in its literal form "Belt and Road Initiative" abbreviated as BRI. The BRI routes run through countries in Asia, Europe, and Africa. In May 2017, China organized the first Belt and Road Forum (BRF) in Beijing. China signed economic and trade cooperation agreements with 30 countries, among them two are African states. The objective of this article is to summarize and analyze best available information on the Belt and Road Initiative and develop scenarios on how the Initiative is likely to impact East African Countries. It analyzes the background of the initiative, the goals of the initiative and scope of the initiative. It also analyzes Economic, political and social implication of the initiative and related opportunities and challenges. The writer uses qualitative approach particularly journal articles, conference proceedings, newspapers, magazine articles, and websites. This article argues that East African countries will get economic, social and political benefits from the initiatives. The BRI would result in a particularly pronounced increase in intra-regional trade. It triggers people to people and business to the business relationship through roadways, airways and seaways. It also helps to coordinate various policies, to integrate finance and increase productivity. This study also analyzes some challenges that are associated with the RBI initiative. Among other things, inadequate finance, clear schedule, and volatility of East Africa security is worth noticing. To tackle these challenges, the article suggests that there should be strong coordination between China and the African Union in general and East African Country in particular. Enacting legal framework, developing coordinated policy, finding sufficient fund, designing attainable and clear timeframe should be implemented to get aspired fruit of the imitative.

Enlightenment of Global Advancement for Future: One Belt One Road

International Journal of Economics and Finance, 2020

The Belt and Road project is a traditional activity that assembles countries of the globe and simplifies several chances to achieve single tranquillity. The research purpose drives to analyzing conjugation of strategy improvement globally in posterior. It also analyzes because of the greatest, plan, prospects, and challenges of initiatives in the principle of international trade, diplomatic, neighbourly, and situational perspectives. This article usage characteristic access and secondary data, especially journal papers, annual reports, different data of administrative, e-books, Presentation document, and many web pages, which broadly focus are to visualize intentions. This research elaborates on associate nations and delicacy that aims to develop and diplomatic advantages derived from these activities. It enhances transportation through road pathway, air, and sea, cooperating discretion of economical involvement through a rood border trade, creativity, and regional development. This study also purposes hazards and objection attached to the project implementation. It shows the potential collaboration between associates of the program which is essential to meet One Belt One Road care of effective policy, system and regulations, exact strategy implementation, earnest judgment on administrative and trading multiplier.

ONE BELT ONE ROAD POLICY

The One Belt One Road Policy was proposed by China in 2013. This paper deals with the various aspects of the Silk Road economic belt and the 21th century maritime Silk Road. With the objective to join the two ends of Eurasia, Africa and Oceania, it formulates a route including the land and sea. With the initiative to new infrastructure and economic aids, it proposes better trade policies. There have been criticism of the same, pointing out that OBOR facilitate Chinese domination economical and strategic domination. In view of the same, the Indian Perspective also has been briefly discussed.

One Belt One Road initiative: A Revolution on Regional and Global Development (original) (raw)

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