One Belt One Road a Great project of Far-reaching Economic Development & Trend of Global modern Development Rules

Abstract

The One Belt One Road project is a project initiated by China and officially launched in 2013 by Chinese President Xi Jinping, during his visit to Kazakhstan. The One Belt One Road project is a project of global dimension.  In order to approach such a complex and multifaceted subject a retrospective historical analysis in regards to this particular project’s origin and idea is required. This global project involves linking Asia, Europe, and Africa with new road and maritime infrastructures. Since its launch in 2013, this project is attracting financially and diplomatically many collaborators. Evermore frequent international conferences have been hosted by China but a particular high-profile summit on May 15, 2017, held in Beijing and was attended by twenty-nine heads of state, as well as numerous government officials. Sixty-Eight countries that were involved in the summit eventually closed with a “joint declaration” signed by thirty countries, followed by 270 cooperation agreements. The vision of the “New Silk Road”, better known today as the “One Belt, One Road” (OBOR) is determined to take a major step in leading the trend in globalization in the 21st century which can be seen by an injection of enormous means from various sectors in order to make this project a fruitful realization.  The main objective of this literary work is to make evident the ambitions of Beijing through the “OBOR” project and to make clear the strategies for implementing the project as well as its impact on global economic development exploiting different development sectors concerned.

Keywords: China, Economic Development, Modern Great Project, One Belt One Road, Rules, Trend of Global Development


Article Review Status: Published

Pages: 19-35 (Download PDF)

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