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What is One Belt One Road (OBOR)

Chapter 20
Handbook of Research on Recent Perspectives on Management, International Trade, and Logistics
It is today's most ambitious infrastructure initiative that aims to change the axis of global trade. China, Turkey Relations: Diplomatic relations between the East Asian countries of China and Turkey, is based on the 1971.The cooperation between Ankara and Beijing has gained momentum since the 1980s, when both countries began to open up to the outside and rose economically and politically. Relations, which were raised to the level of “Strategic Cooperation” in 2010, developed with the contribution of mutual high-level visits.
Published in Chapter:
Economic Opportunities in One Belt One Road (OBOR) Project and Turkey's Position
İlteriş Turan (Ufuk University, Turkey) and Güner Koç Aytekin (Ufuk University, Turkey)
Copyright: © 2021 |Pages: 32
DOI: 10.4018/978-1-7998-5886-7.ch020
Abstract
After a short time from the discovery of silk by China, it had become a status symbol in the world, and it reached up to the Roman Empire. This created trade routes and they were called the “Silk Road.” The goods that came to the Mediterranean through this historical trade route were distributed to the world through Mediterranean ports. However, invention of compass by China paved the way for geographical discoveries and new trade routes were found as a result of these discoveries. These developments reduced importance of the Silk Road. Approx. 500 years later, China became a manufacturing center as a result of its trade with the West. This situation reminded China of the “Historic Silk Road,” and they announced the project under the name of One Belt One Road to the world in 2013, which is essentially a modern version of the “Historic Silk Road.” Economic Opportunities In Obor Project will be analysed in this study.
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