One Belt One Road Analysis
One Belt One Road (OBOR)
1. Expectation on the market in the implementation of One Belt One Road
One Belt One Road (OBOR) is a concept of integrated blueprint of the Silk Road Economic Belt (SREB) and the 21st-Century Maritime Silk Road (MSR) (“‘One Belt One Road’ initiative,” 2015). Silk Road Economic Belt (SREB) is the creation of an economic land belt with the road connected that includes countries on the original Silk Road through Central Asia, West Asia, the Middle East and Europe. The 21st-Century Maritime Silk Road (MSR) described that the maritime road that links China’s port facilities with the African coast, pushing up through the Suez Canal into the Mediterranean (“A brilliant plan One Belt, One Road,” 2016).
The expectation which …show more content…
Therefore, transport, tourism, trade, ports, education industry expected to gain benefit from one belt one road in Malaysia. Besides that, there are also include modern services exports such as financial services, telecommunication and computer, information technology although these industries is growing very slowly. Therefore, OBOR can especially bring the benefit for finance industry of Malaysia. According to Koong, one belt one road has economic and business impact on Malaysia in 10 to15 years .For example, bankers focus on Islamic finance as the countries covered in the belt-road map may prefer Islamic financing due to Islamic banking and finance in Malaysia has the largest Islamic fund management industry in the world in terms of number of funds. They recognized as a centre for product innovation in the area of Islamic finance (HO, …show more content…
Besides that, the port of Malaysia will generate more trade as well as when the port combined with land transportation and investments in industrial area near the ports could result in significant trade creation (“One Belt One Road: Insights for Finland,” 2016). The maritime and logistics industry of Malaysia is able to improve the port infrastructure and facilities because the agreement of China strives to provide capital and technology to these ports, transport routes and other infrastructure in order to improve the circulation of resources, market integration and allow for better facilitation of trade and investment in Southeast Asia (Huang & Mo, 2015). Therefore, the modern facilities and transportation would be used by the maritime and logistics industry of Malaysia in the future. For the logistics industry in Malaysia, the flow of goods also would become wider because trade between countries are
1. Expectation on the market in the implementation of One Belt One Road
One Belt One Road (OBOR) is a concept of integrated blueprint of the Silk Road Economic Belt (SREB) and the 21st-Century Maritime Silk Road (MSR) (“‘One Belt One Road’ initiative,” 2015). Silk Road Economic Belt (SREB) is the creation of an economic land belt with the road connected that includes countries on the original Silk Road through Central Asia, West Asia, the Middle East and Europe. The 21st-Century Maritime Silk Road (MSR) described that the maritime road that links China’s port facilities with the African coast, pushing up through the Suez Canal into the Mediterranean (“A brilliant plan One Belt, One Road,” 2016).
The expectation which …show more content…
Therefore, transport, tourism, trade, ports, education industry expected to gain benefit from one belt one road in Malaysia. Besides that, there are also include modern services exports such as financial services, telecommunication and computer, information technology although these industries is growing very slowly. Therefore, OBOR can especially bring the benefit for finance industry of Malaysia. According to Koong, one belt one road has economic and business impact on Malaysia in 10 to15 years .For example, bankers focus on Islamic finance as the countries covered in the belt-road map may prefer Islamic financing due to Islamic banking and finance in Malaysia has the largest Islamic fund management industry in the world in terms of number of funds. They recognized as a centre for product innovation in the area of Islamic finance (HO, …show more content…
Besides that, the port of Malaysia will generate more trade as well as when the port combined with land transportation and investments in industrial area near the ports could result in significant trade creation (“One Belt One Road: Insights for Finland,” 2016). The maritime and logistics industry of Malaysia is able to improve the port infrastructure and facilities because the agreement of China strives to provide capital and technology to these ports, transport routes and other infrastructure in order to improve the circulation of resources, market integration and allow for better facilitation of trade and investment in Southeast Asia (Huang & Mo, 2015). Therefore, the modern facilities and transportation would be used by the maritime and logistics industry of Malaysia in the future. For the logistics industry in Malaysia, the flow of goods also would become wider because trade between countries are