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    China’s One Belt One Road Initiative – An Indian Perspective

    Banerjee, Dipankar | March 2016
    Abstract
    President Xi Jinping formally publicised China’s “One Belt One Road” (OBOR) initiative while inaugurating the Boao Forum for Asia Annual Conference at Hainan on March 28, 2015. Simultaneously, the National Development and Reform Commission of China released the full document at Beijing, which lays out a comprehensive plan for OBOR’s implementation in the years ahead. The proposal consists of two distinct parts. One is the Silk Road Economic Belt, stretching across Asia to the Atlantic Ocean; and the other is the 21st Century Maritime Silk Road, linking China’s eastern sea board to the Indian Ocean and to the Persian Gulf and East Africa. The importance of this initiative must not be underestimated. It is the centrepiece of the economic, political and strategic policy framework of the Fifth Generation Leadership of China under Xi Jinping. Some have suggested that OBOR is a version of China’s Marshal Plan. Others have argued that this is one way to expand China’s economy and invest China’s surplus foreign reserves for its greater economic and strategic advantage. It is likely to also give a boost to the PLA Navy’s far sea activities and an expanded role in the Indian Ocean and beyond. Whatever it may end up being in practice, there is no doubt that it will impact in a significant way on Asia and on parts of Europe.
    Citation
    Banerjee, Dipankar. 2016. China’s One Belt One Road Initiative – An Indian Perspective. © ISEAS Yusof Ishak Institute. http://hdl.handle.net/11540/10522.
    ISSN
    2335-6677
    Keywords
    Development
    Trade
    Development Goals
    Skills Development
    Sustainable Development
    Trade Flows
    Trade And Development
    Food Security And Trade
    Trade Volume
    Trade Potential
    Trade Flows
    External Trade
    Industrial policy
    New technology
    Innovations
    Industry
    Export policy
    Import policy
    Trade Unions
    Natural Resources
    Services Trade
    SMEs
    E-commerce
    Development assistance
    ADB
    Curriculum development
    Development assistance
    Development aid
    Development indicators
    Development potential
    Development models
    Project appraisal
    Performance appraisal
    Regional development bank
    Trade development
    Import volume
    Export volume
    Service industry
    Career development
    Vocational training
    Contract Labor
    Labor income
    Labor policy
    Manpower policy
    Promotions
    Career development
    Job analysis
    Self-evaluation
    Supervisors
    Capital
    Business
    Communication in rural development
    Social participation
    Occupational training
    Partnership
    Joint venture
    System analysis
    Labor and globalization
    Labor policy
    Regional trading blocs
    Foreign trade and employment
    Developing countries
    Industrial priorities
    Technological innovation
    Technology transfer
    Foreign trade regulation
    Industrial relations
    Trade-unions
    Small business
    Unions
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/10522
    Metadata
    Show full item record
    Thumbnail
    ISEAS_Perspective_2016_14.pdf (404.0Kb)
    Author
    Banerjee, Dipankar
    Theme
    Development
    Trade

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    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise