OBOR China’s Grand Strategy for the 21st century

Description: 

"The “New Silk Road”, also known as the “One Belt, One Road” (OBOR) initiative or Belt and Road Initiative (BRI), is a development strategy proposed by China, which aims to foster the economic cooperation and connectivity mostly between Eurasian countries. 1 The initiative is named after the “Silk Road”, an ancient route of 6,437 kilometer in length, that dates back to the Western Han Dynasty (206 BC – 220 AD) and used to connect regions of East Asia with the Middle East and Europe, prospering numerous Eurasian civilizations for centuries.2 Therefore, with the implementation of the “New Silk Road” strategy, China aims to revive the 2.000-year-old network by investing on some serious infrastructure projects throughout the whole route, that largely resembles the legendary “Silk Road”. The promotion of regional economic development, the economic benefits for the countries involved and the tightening of the cultural ties of the participants, are the main goals of the OBOR initiative, in other words, OBOR is based on a win-win development strategy for the countries that are located throughout the path of the “New Silk Road”.3 The first signs of OBOR were brought to the surface during the Olympics of 2008. However, China’s ambitious plan was first stated on 2013, by the Chinese President Xi Jinping, the 5th president of China. The OBOR project consist of two different “routes”, one land route and a maritime one, that both begin and end in China’s territory. The first route (Silk Road Economic Belt) begins from Xi’an in Central China and leads to Northern Europe up to Rotterdam (busiest port in Europe), coming all the way from Central Asia, the Middle East, Eastern Europe and Russia and the center of Europe. On the other hand, the maritime route (the 21st Century Maritime Silk Road) connects the Mediterranean Sea with the South China Sea, in a long route that comes through the Suez Canal, the Indian Ocean, the Malacca strait, etc. It is estimated that approximately 65-70 countries and a total of 4,4 billion people (as much as the 60% of global population) will benefit from the participation in the OBOR project that will require at least 30-35 years to be completed..."

Creator/author: 

Andreas Banoutsos, Dr. Filippos Proedrou, Dimitris Kiousis, Giorgos Protopapas, Argetta Malichoutsak, Konstantinos Margaritou, Omiros Tsapalos

Source/publisher: 

KEDISA via Academia.edu (USA)

Date of Publication: 

2017-00-00

Date of entry: 

2020-02-10

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China

Geographic coverage: 

Global

Language: 

English

Local URL: 

Format: 

pdf

Size: 

904.15 KB

Resource Type: 

text

Text quality: 

    • Good