One Belt One Road (OBOR) policy initiative : analyzing China`s interests, challenges and consequences of OBOR initiative, 2013-2017

Abstract

This research focuses on the One Road, One Belt (OBOR) initiative by China that is expected to play an important role in shaping, not only the present-day, but also the future outlines of international politics. Inspired by the ancient “Silk Road Spirit” that once dominated the global trade arena for thousands of years, OBOR comprises of six economic corridors spanning over more than three continents, involving nearly 65 countries and more. This is a qualitative study to address the research questions using both primary and secondary resources. While the initiators of OBOR claim of forging a symbiotic relationship with other participating countries based on mutual benefits and shared responsibilities, critics are not that keen to jump onto the bandwagon just yet. The study argues that China, as one of the key emerging super powers, is using OBOR as a tool that can be used to empower and consolidate influence of its present leadership domestically, as well as securing China’s concrete presence in the region. However, posing multifaceted challenges this mammoth undertake can take its toll on China. The OBOR initiative is yet to take its full form, hence there should be periodic observations to follow and comprehend the actual extend of impact and effects it will further stir both within and beyond its borders.