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A look into the Complexities of the One Belt, One Road Strategy

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  • SARMIZA PENCEA

    (Ph.D., The Institute for World Economy, Romanian Academy)

Abstract

Well-known for their practical thinking and approaches, Chinese planners took the most simple and obvious ideea – that strong interconnections among countries favour economic activity, growth and wealth creation – and they turned this ideea into the most ambitious, bold and complex strategy: the revival of the ancient Silk Road, in a multi-dimensional, modern version, upgraded for the 21st century. This paper looks at the One Belt One Road (OBOR) strategy from the angle of complexity which springs from both its design and goals, and from its implementation which is prone to face significant challenges and risks. It examines the interests at stake, the risks involved, the potential benefits to be reaped and the nascent after-effects of this daring and far-reaching endeavour.

Suggested Citation

  • Sarmiza Pencea, 2017. "A look into the Complexities of the One Belt, One Road Strategy," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 5(1), June.
    • Handle: RePEc:ntu:ntugeo:vol5-iss1-17-142
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    References listed on IDEAS

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    1. Alicia Garcia Herrero & Jianwei Xu, 2017. "China's Belt and Road Initiative: Can Europe Expect Trade Gains?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 25(6), pages 84-99, November.
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    1. Sarmiza Pencea, 2017. "Romania-China Trade And Investment Relations Against The Backdrop Of “One Belt,One Road” Strategy," Romanian Economic Business Review, Romanian-American University, vol. 12(2), pages 17-28, June.
    2. Zhiheng Wu & Guisheng Hou & Baogui Xin, 2020. "Has the Belt and Road Initiative Brought New Opportunities to Countries Along the Routes to Participate in Global Value Chains?," SAGE Open, , vol. 10(1), pages 21582440209, January.
    3. Li, Yabo & Zhao, Yan & Yao, Xuemei, 2024. "Does the Belt and Road Initiative upgrade the global value chain for BRI Countries：Revealing the substantial role of infrastructure," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 832-842.
    4. Muhammad Khalil Khan & Imran Ali Sandano & Cornelius B. Pratt & Tahir Farid, 2018. "China’s Belt and Road Initiative: A Global Model for an Evolving Approach to Sustainable Regional Development," Sustainability, MDPI, vol. 10(11), pages 1-20, November.
    5. Siyu Wang & Zhongze Chang & Xi Zhang, 2022. "The Belt and Road Initiatives and the growth of total factor productivity: based on the perspective of the regional import of intermediate goods," Empirical Economics, Springer, vol. 63(4), pages 1915-1946, October.

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