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The one belt and one road (OBOR) initiative: reconceptualisation of state capitalism vis-à-vis remapping of global governance?
China is emerging as an economic powerhouse with the globalisation of the world economy. The country takes proactive steps to deepen its global engagement through new initiatives, such as One Belt, One Road (OBOR). It offers good evidence of China’s mercantilist efforts to derive political and geostrategic leverage from the OBOR-related projects. The initiative serves as a key indicator of whether China is primarily to satisfy its national interests or whether it seeks to create a win-win Eurasia. No ready formula can suffice to explain the cross-cutting economic and political factors at play. Arguably, the OBOR initiative appears to be a combination of geopolitical and economic strategies to achieve China’s multiple strategies. It all comes down to whether China could be able to write global governance rules via the OBOR initiatives.
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Publication status
- Published
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Springer International PublishingPublisher URL
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Page range
637-675Book title
YSEC Yearbook of Socio-Economic Constitutions 2020ISBN
9783030437565Series
YSEC Yearbook of Socio-Economic ConstitutionsDepartment affiliated with
- Law Publications
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- No
Peer reviewed?
- Yes
Editors
Andreas Moberg, Steffen HindelangLegacy Posted Date
2020-01-24Usage metrics
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