One Belt One Road
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 multiple countries spread across the continents of Asia, Africa, and Europe. Dubbed as the “Project of the Century” by the Chinese authorities, OBOR spans about 78 countries.
Initially announced in the year 2013 with the purpose of restoring the ancient Silk Route that connected Asia and Europe, the project's scope has been expanded over the years to include new territories and development initiatives. Also called the Belt and Road Initiative (BRI), the project involves building a big network of roadways, railways, maritime ports, power grids, oil and gas pipelines, and associated infrastructure projects.
The project covers two parts. The first is called the “Silk Road Economic Belt,” which is primarily land-based and is expected to connect China with Central Asia, Eastern Europe, and Western Europe. The second is called the “21st Century Maritime Silk Road,” which is sea-based and is expected to will China’s southern coast to the Mediterranean, Africa, South-East Asia, and Central Asia. The names are confusing as the ‘Belt’ is actually a network of roads, and the ‘Road’ is a sea route.
They contain the following six economic corridors:
Initially announced in the year 2013 with the purpose of restoring the ancient Silk Route that connected Asia and Europe, the project's scope has been expanded over the years to include new territories and development initiatives. Also called the Belt and Road Initiative (BRI), the project involves building a big network of roadways, railways, maritime ports, power grids, oil and gas pipelines, and associated infrastructure projects.
The project covers two parts. The first is called the “Silk Road Economic Belt,” which is primarily land-based and is expected to connect China with Central Asia, Eastern Europe, and Western Europe. The second is called the “21st Century Maritime Silk Road,” which is sea-based and is expected to will China’s southern coast to the Mediterranean, Africa, South-East Asia, and Central Asia. The names are confusing as the ‘Belt’ is actually a network of roads, and the ‘Road’ is a sea route.
They contain the following six economic corridors:
- The New Eurasian Land Bridge, which connects Western China to Western Russia
- The China-Mongolia-Russia Corridor, which connects North China to Eastern Russia via Mongolia
- The China-Central Asia-West Asia Corridor, which connects Western China to Turkey via Central and West Asia
- The China-Indochina Peninsula Corridor, which connects Southern China to Singapore via Indo-China
- The China-Pakistan Corridor, which connects South Western China through Pakistan to Arabia sea routes
- The Bangladesh-China-India-Myanmar Corridor, which connects Southern China to India via Bangladesh and Myanmar
The question:
Imagine you are the leader of a foreign country and China has proposed foreign direct investment of infrastructure for the purpose of the 'Belt and Road Initiative' for your country, do you accept? Why or why not?
*Does it meet all of the advantages associated with FDI?
Imagine you are the leader of a foreign country and China has proposed foreign direct investment of infrastructure for the purpose of the 'Belt and Road Initiative' for your country, do you accept? Why or why not?
*Does it meet all of the advantages associated with FDI?