• Title/Summary/Keyword: Belt and Road

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China's 'One Belt and One Road' Initiative and Strategy: Development and Limitations (중국의 '일대일로'(一帶一路) 구상과 전략: 발전과 한계)

  • Heur, Heung-Ho
    • The Journal of the Korea Contents Association
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    • v.19 no.7
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    • pp.335-347
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    • 2019
  • China's 'One Belt and One Load' initiative is a mega-infrastructure project that connects China and the Eurasian Economies Area by overland and sea routes. Therefore, if it goes smoothly, It will be a new engine for economic development in China and the world, and It is expected to be a factor that will change the structure of the international economy. Especially, the Eurasian continent is likely to develop into the center of the global economy. But China's 'One Belt and One Load' initiative is not only macro and long-term, but also implies complexity, making it hard to be optimistic about development. China's 'One Belt and One Load' initiative is not only strongly promoted as a long-term national development strategy to be completed by 2049, but also strong economic complementarity between China and 'One Belt and One Load' consecutive countries. And many of the successive countries are expecting 'One Belt and One Load' construction. Therefore, there is no possibility at all. In particular, the possibility of development can not be completely ruled out, given the various policies of 'One Belt and One Load' currently being pursued by China. Even if it doesn't go smoothly, the process alone will have significant economic effects on China and neighboring countries, so it will be meaningful. With the help of information technology.

A Study on the Strategies of China Smart Farming Development - From the Perspective of One Belt One Road Initiative and Made in China 2025 Plan - (중국 스마트 농업 발전 전략 고찰 -[일대일로]와 [중국제조2025]전략을 중심으로)

  • Zhang, Qingqing
    • Journal of Convergence for Information Technology
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    • v.8 no.5
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    • pp.251-261
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    • 2018
  • Under the great influence of ICT technology, China is forging ahead steadily and rapidly in the area of smart farming. In the last decade, Chinese government has carried out strategic plans to promote its economic development in agriculture, such as the plan of Made In China 2025 and One Belt One Road initiative. This thesis's objective is to analyze how such plans and initiative can provide 'windows of opportunity' to the development of smart farming industry in China. China led the development of smart agriculture by making a T-shaped rise which is composed with 'One Belt One Road Initiative and Made in China 2025 Plan. This thesis is divided into three types as path-following catch-up, path-skipping catch-up, path-creating catch-upAs this thesis also manages to provide some implications on the export strategies of South Korea's smart farming industry by understanding chinese samrt farm industry.

China's Belt and Road Initiative and its Implications for Global Development

  • DUNFORD, MICHAEL
    • Acta Via Serica
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    • v.6 no.1
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    • pp.91-118
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    • 2021
  • China's Belt and Road Initiative (BRI) is China's contribution to the need for the world to collectively address deficits of peace, development, governance, and problems relating to climate, the environment and human health. The rise of China and the BRI do challenge the current 'rules-based global order' and the economic dominance and moral, political, economic, and cultural leadership of the United States and its allies. However, China's goal is not hegemony but a multipolar world in which common values coexist with principles of peaceful coexistence (including non-interference in the internal affairs of sovereign states). The evolution of the BRI is outlined, and the ways in which it reflects Chinese interests are summarized, including its roles in addressing natural resource dependence and excess capacity, a transition from investment promotion and factor-intensive growth to going out and industrial upgrading, going West, and the effective deployment of China's foreign exchange assets. Although China does therefore potentially gain, the BRI is designed so that partners also gain in a quest for win-win co-operation and mutual benefit. The values that underlie this approach and the call for a community with a shared future are compared with competing western values, whose roots lie in Enlightenment thought and are associated with a record of colonialism and imperialism. In this light, the article concludes with a consideration of the global implications of the BRI, the challenges it confronts and the likelihood that the unipolar moment will give way to a multipolar global development path.

The Belt and Road Initiative (BRI): Opportunities and Risks from Vietnamese Perspective

  • NGUYEN, Long Duc Bao;LY, Tracy Trang;TRAN, Doan Cong;TRAN, Ai Van;LE, An Quoc;HUDSON, Alan
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.4
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    • pp.229-238
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    • 2022
  • The goal of this research is to look at the Belt and Road Initiative's (BRI) goals, principles, and priorities, as well as criticisms and concerns. Another goal is to determine the Vietnamese government's best response to the BRI. Finally, the study looks at the Vietnamese viewpoint. Document review is used in conjunction with PESTELED analysis and EIU country risk model technique in this study. The study is focused on in-depth interviews with 38 top government leaders, researchers, and scholars by adopting the Delphi technique to determine major factors of risks and opportunities as well as obtain a clearer view on the Vietnamese perspective of the BRI. The main conclusion is that Vietnam's participation in the BRI could result in a variety of benefits and risks, including economic development, connectivity and integration, development finance, cooperation, coordination, trade facilitation, and people-to-people communication, as well as diplomatic and political risks, financial risks, environmental challenges, and job creation. Another conclusion is suggested that careful and case-by-case negotiation with China is needed for Vietnam to exploit the future benefits of BRI. There is a need to set up the strategy to mitigate the risk impacts, reduce the risk level, avoid risk, at last turn the risk into opportunities.

Reducing Effect of Traffic Noise Soundproof Facilities (방음시설의 소음저감효과에 관한 연구)

  • Jeon, Gi-Seong;Park, Young-Ho
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.3 no.1
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    • pp.20-26
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    • 2000
  • In order to propose the design and installation information of vegetation belt, field investigation were carried out in the noise pollution control facilities of highway and the streets of a city for two years(1998~1999), and field tests were performed to analyze the noise attenuation effect of them. The noise pollution control facilities were generally classified into three types (noise barrier and vegetation belt type, mounding and vegetation belt type, vegetation belt type only). Most soundproof facilities were proved the noise reduction effects. But according to width, height, structure, auditory distance and planting forms of them, difference of noise reduction effects were investigated. The soundproof facility was suitable the mounding and vegetation belt type in the consideration of road environment, and the installation standard of vegetation was estimated that the width of vegetation was at least 20m and the length of that was 2 times in the distance from noise source.

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COMPARATIVE LITERATURE AND CONTEMPORARY CHINESE LITERATURE IN THE CONTEXT OF BELT AND ROAD

  • WANG, NING
    • Acta Via Serica
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    • v.2 no.2
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    • pp.29-46
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    • 2017
  • Chinese literature once had its splendid era in the Tang and Song Dynasties culminating in Tang poetry and influencing the literatures of its neighboring countries. However, during the past centuries, it has largely been "marginalized" on the map of world literature. On the one hand, large numbers of foreign literary works, especially those from Western countries, have been translated into Chinese, exerting a huge influence on the formation of a sort of modern Chinese literary tradition. On the other hand, few contemporary Chinese literary works have been translated into the major foreign languages. With the help of the rise and flourishing of comparative literature, contemporary Chinese literature has been moving toward the world and had its own Nobel laureate. The author, after analyzing the reasons why Chinese literature has been "marginalized," argues that Chinese literature will develop steadily in the age of globalization. Globalization in China has undergone three steps: first, it has made China passively involved in this irresistible trend; second, the country has then quickly adapted itself to this trend; and third, China has started to play an increasingly leading role in the first decade of the present century. In this way, contemporary Chinese literature and comparative literature studies will steadily develop with the help of the "Belt and Road" initiative.

Belt and Road Initiatives and the Competitiveness of Natural Rubber Exports: Evidence from the BRI Region

  • MOHAMAD, Abdul Hayy Haziq;ZAINUDDIN, Muhamad Rias K.V.
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.11
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    • pp.145-155
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    • 2021
  • This study examines the export competitiveness of four major natural rubber exporters in the Belt and Road Initiative (BRI) region and investigates the factors affecting bilateral natural rubber export. This study utilized the revealed symmetric comparative advantage (RSCA) to measure export competitiveness. Next, this study employed the gravity model using the Poisson Pseudo Maximum Likelihood (PPML) estimation to analyze the factors affecting bilateral export from the four major natural rubber exporters to 46 countries in the region. The analysis is conducted by using annual data from 2001 till 2018. The findings showed that all four major exporters maintained their export competitiveness. Indonesia and Vietnam notably exhibited increasing trends in the early 2000s. Besides, the market share for Malaysia and Vietnam have increased from 2013 to 2015 with the BRI implementation in 2013. In addition, this study discovered that non-tariff measures (NTM) have a positive and significant impact on the bilateral export of natural rubber. The overall findings strongly indicate that the natural rubber export has increased post BRI announcement. The outcome highlighted the benefits of BRI implementation on the natural rubber export. This study is the first attempt to apply the gravity model on the natural rubber exports within the BRI region.

A Study on the Regional Economic Revitalization Plan in Henan Province, China under 'One Belt and One Road' - Focusing on '5 Region' and '4 Road' ('일대일로' 하에 중국 허난성의 지역 경제 활성화 방안에 관한 연구 - '5 지역'과 '4 로'를 중심으로)

  • Wang, Kun;Zhang, Yizhou;Bae, Ki-Hyung
    • The Journal of the Korea Contents Association
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    • v.21 no.8
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    • pp.424-441
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    • 2021
  • The research is to analyze current situation of the coordinated development of "5 Region" and "4 Road" in Henan Province and put forward problems about the coordinated development of the "5 Region" and "4 Road" with the inland geographical location in China by drawing on the experience of the coordinated development of related industries in developed countries and regions based on China's "One Belt And One Road". According to the problems, a plan for the promotion of opening up to the outside world is provided. Through research, the following problems are found: First, the superposition advantage of five districts' and "four roads' has not been fully brought into play. Second, the collaborative linkage mechanism is not sound. Third, modern comprehensive transportation hub facilities are not fully completed. Fourth, the industrial support capacity is insufficient. Fifth, basic support is difficult to meet the needs of future development. The plan is as follows: First, building a top-level strategic platform and improve the policy support system. Second, we need to enhance the advantages of the four Silk Roads and accelerate their interconnected development. Third, establishing a coordination and mutual assistance mechanism to stimulate the superposition effect of industrial clusters. The significance of this study is that it can be used as research data to predict the future direction of China's "One Belt and One Road" policy and enlightenment to stimulate the economic revitalization of inland provinces.

Eurasia Initiative and East Sea Rim Maritime Community (유라시아 이니셔티브와 환동해권 전략)

  • Kang, Tae-Ho
    • Strategy21
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    • s.37
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    • pp.144-176
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    • 2015
  • In September 2013, President Park Geun-hye announced her controversial "Look North" policy, of which the most salient aspect is the "Eurasia Initiative". This comprises various proposals designed to overcome existing constraints by developing new markets and creating new economic partners in continental areas from which South Korea has been alienated since the end of World War II, and this dovetails nicely with China's One Belt, One Road Initiative. The concepts of the "Silk Road Rail Express (SRX)" and the "East Sea Rim Maritime Community (ESRMC)" have also been discussed. SRX is at present a purely symbolic railroad project intended to encourage individual, cultural, trade and diplomatic exchanges. ESRMC is a model for establishing an ad hoc community to promote regional economic cooperation around the East Sea. President Park's Eurasia Initiative will provide South Korean investment for the Northeast to complement Russian plans, like the "Northern Energy Road" being built by Gazprom, and Chinese plans, like the Chang-Ji-Tu Development Plan for the North Korean port of Rajin. China's trade, as well as its energy and food supplies, pass through the Strait of Malacca and the Indian Ocean, and are thus vulnerable to interdiction by India or the US. China is therefore trying to reduce its exposure geopolitical risk by establishing a network of corridors between the Belt and the Road to provide alternative paths. The "China-Pakistan Economic Corridor" and the "China-Myanmar Economic Corridor" provide such connections, and South Korea hopes that SRX and ESRMC can become part of a "China-South Korea Economic Corridor". This concept could do much to revitalize the underdeveloped northern provinces of China and Russia's Far East, not to mention North Korea. By linking up the Trans-Siberian Railway, the Trans-China Railway, the Trans-Mongolian Railway and the Trans-Korean Railway all these Asian countries will be connected to one another, and ultimately to Europe. An interim connection between China and South Korea using a rail-ferry has also been proposed.

A Study on Determinants of Chinese OFDI to Korea (중국 대 한국OFDI 결정요인의 실증분석)

  • Dai, Yun-hai
    • Journal of the Korea Convergence Society
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    • v.11 no.5
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    • pp.191-197
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    • 2020
  • OFDI is one of the key issues around the world in the development of economics, in 2013, Chinese President Xi JinPing proposed "One Belt One Road" initiative on conference of Asia-Africa international conference with its core policy as (Outward Foreign Direct Investment).With the steady development of China's "One Belt One Road", further advancement of Korea-China FTA, and rapid expansion of close economic relations between two countries, China is bound to increase OFDI to Korea. The paper empirically studied its determinants of Chinese OFDI to Korea, with PANELDATA data introduced combining time series with cross-section, result shows GRDP, HV, YNTL, FWYS, XFZS are all verified as determinants of Chinese OFDI to Korea, while, several suggestions are proposed for Korea to attract Chinese OFDI.