Abstract
ABSTRACTThe “One Belt and One Road” (OBOR) is essentially a transport route, but as a trade corridor, it also incorporates industrial zones, gas pipelines, power plants, seaports and airports. The proposed trade routes also include some of the least trade-integrated countries of the world such as Cambodia, Laos, Myanmar, Bangladesh, Pakistan, as well as more developed economies such as Russia and Europe. Increased infrastructure facilities in these regions will mean better and more integrated links to the world’s more developed markets. This study has followed doctrinaire methodology, which includes analytical, descriptive and comparative methods. This study argues that this is not just a regional economic project for enhancing trade and regional economic cooperation but will also have a wider global impact on international trade and economic cooperation. And if the OBOR initiative is successful, then it will accelerate the move from a unipolar post-1991 world to an increasingly multipolar world.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
