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The One Belt, One Road Initiative: Impact on Trade and Growth

Author

Listed:
  • Villafuerte, James
  • Corong, Erwin
  • Zhuang, Juzhong

Abstract

This paper investigates the economic impact of the One Belt, One Road (OBOR) development strategy and economic framework proposed by the People’s Rep. of China to foster greater economic connectivity and cooperation among countries in Eurasia. OBOR comprises of two key components including the land-based "Silk Road Economic Belt" (SREB) and oceangoing "Maritime Silk Road" (MSR). The SREB—which is largely analogous to the historical Silk Road—includes countries situated on the original Silk Road through Central Asia, West Asia, the Middle East, and Europe. On the other hand, the MSR—also known as the "21st Century Maritime Silk Road"—is a complementary initiative aimed at investing and fostering collaboration in Southeast Asia, Oceania, and North Africa, through several contiguous bodies of water –the South China Sea, the South Pacific Ocean, and the wider Indian Ocean area.

Suggested Citation

  • Villafuerte, James & Corong, Erwin & Zhuang, Juzhong, 2016. "The One Belt, One Road Initiative: Impact on Trade and Growth," Conference papers 332795, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:332795
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    Keywords

    International Relations/Trade;

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