One Belt One Road Advantages And Disadvantages

Have you ever wondered what it was like to travel across the country to get what you want? The Silk Road was a treacherous journey that spanned from Asia all the way to Rome. People carried their countries goods in large caravans to exchange them with other people across the country. The Silk Road helped people get what they want by traveling there. The Silk Road took a huge part in history because it helped a number of cultures get closer to each other and share part of them, for example traditions and beliefs. The Silk Road was a difficult and dangerous trek, eventually traders found out the Silk Road increased the kingdom’s economy and the wealth of an individual. In addition, it spread culture, ideas and goods.

It is this that has sparked China’s vulnerability to external shocks. In 2011, China’s exports amassed almost $2 trillion, however in Feb 2012, China recorded a $31.5 billion trade deficit as a result of the European sovereign debt crisis in which China’s main trading partners plunged into recession. China’s severe BOGS decrease is an attempt to control growth and a sustained level of 7.5%. Investment policies are also critical for China to achieve economic growth and development. Foreign Direct Investment (FDI) in China is being sought primarily in the redesign of State Owned Enterprises (SOE’s) and in the development of interior provinces. Between 75-80% of World Bank loans to China in 2008 were directed to the central and western regions, the most economically disadvantaged. This promotes increased wealth within China, leading to higher levels of development due to a more positive Human Development Index (HDI), which currently sits at 0.687, up from 0.677 in 2010. Thus, trade and investment are critical factors in ensuring that China’s growth remains sustained at 7.5% whilst still encouraging increases in development.

The Silk Road was an intricate and evolving network of overland trade routes that linked China, India, and western Eurasia for centuries. The trade route was key to the diffusion and transportation of technology, goods, religions, and language throughout Asia, the Mediterranean, Africa and southern Europe. As the strongest link between major population centers in the largest landmass on earth, the Silk Road was one of the most important of all long-distance trade routes in human history.

Trade has been an important commodity since the settlement of mankind. Trade routes as the Silk Road, Turquoise Road, and Gold Road have connected communities and countries throughout the continents. Trading doesn’t always involve commodities; trading can include technology, disease, and religion. Early global trade experienced wealth and prosperity because of the demand for goods, knowledge of the sellers, and expanding trade routes. When it comes to trading, supply and demand are a key factor, as seen in Document 1, trade routes reach worldwide.

Throughout the development of human communication, no service proved more useful than that of the Silk Road. It was a network of trade, employing travelers to trek across the world to buy and sell goods along the eastern hemisphere. This constant web of bartering and trading led to societies becoming more intertwined and connected with one another, creating a large social and economic trades. Throughout 500 BCE - 1000 CE, the eastern hemisphere experienced a series of changes and continuities directly from the emergence of the Silk Road. The eastern hemisphere societies underwent heavy population increase due to trade, but the purpose of the Silk Road never changed. Some trade routes that comprised the entire network include overland trade from China to Rome and the Indian Ocean Sea Lanes that joined Asia, Africa,and the Mediterranean basin.

“Arcana imperii” “Those who want to reap the benefits of this great nation must bear the fatigue of supporting it.” (Thomas Paine). Thomas Paine was an American philosopher, political activist, and revolutionary who encouraged the rebels to fight against the British during the time of the American Revolution. He believed that in order for one to experience the benefits of a powerful and secure nation, one must be willing and able to support the nation that supplies those benefits. In order for a nation to encompass the benefits that come with a powerful society, they need to be able to possess characteristics of a powerful nation.

The Silk Road, Indian Ocean Trade and Trans-Saharan Trade Networks were all routes/networks of trade throughout the eastern hemisphere. People would travel these routes so that they could trade for things that they wanted from other areas. Here, people were able to trade for commodities and raw materials, but also be able to learn about new things such as religion and education. Culture and economy allowed for trade to expand in the Silk Road, Indian Ocean and Trans-Saharan Trade Networks and it brought people from different lands together, expanded their knowledge, and affected their governments through its views.

Use an AS/AD graph to help explain the possible impact on the Chinese economy of ‘expanding infrastructure investment’ (6 marks)

Globalization is a phenomenon that has been impacting our world since as early as 114 BCE. Globalization refers to the assimilation of different economies, trade, and communication. Its origins can be traced back to the establishment of the Silk Road; an ancient trade route extending across from China to the Mediterranean Sea. Globalization, throughout history has had a positive effect in developing economies and creating trade. However, in light of recent events, many economists and leaders are describing it as a barrier to a utopian society. As civil servant and Nobel Peace Prize recipient Kofi Annan once said, “Globalization is a fact of life. But I believe we have underestimated its fragility” (Annan 1999). In many parts of the world, globalization

The development of the Silk Road connecting city-states stretching from the China Empire to the Mediterranean, transporting goods and services throughout. To better establish China as a major capitol in the world, it instituted

The Silk Road united China and the Roman Empire economically, but the territories and cities in-between the two empires truly were the backbone of the Silk Road. The webbed trade routes had a strong impact that they lasted for over 1000 years. The greatness of both nations and their accomplishments economically are astonishing and have changed the history of the world through culture, war, disease, religion, and technology. Culturally the spread of languages and major religions in the world today traversed the Silk Road including Buddhism, Christianity, Islam, and Judaism. Also, the scope of ideas and inventions like the crossbows, sail designs, infrastructure, and government. However, the main purpose for the use of the silk road was its economic impact of transferring and acquiring foreign goods.

China’s production cost are dramatically lower because of less strict regulations on safety and health. If we were to do the math and the retail price of a product is $49.99 and the material cost of the product is $4.04. If the company hired a manufacturing company that is in china then the manufacturing cost would be about 96 cents depending on the manufacturer, if you add the material cost to the production cost, then the total cost of the product for the customer would be $5.00. If the customer was buying 1 million units then the cost to build the product will be 5 million dollars. If the customer were to move production America then there would be an additional $400,000 for the entire order. Increasing the number of large scale construction projects in America will cause death and injury rates to increase. Around 4,679 people were killed in 2014 because of construction related accidents. Increasing the number large construction projects could cause the number construction related deaths and injuries to increase dramatically("Commonly Used Statistics."). “The leading causes of worker deaths on construction sites were falls, followed by electrocution, struck by object, and caught-in/between. These "Fatal Four" were responsible for more than half (58.1%) the construction worker deaths in 2014*”("Commonly Used

According to Ahmad Hasan Dani’s Centre of the Study of the Civilization of Central Asia: Roads are by definition channels of communication between one place and another, one region and another, one people and another, and one civilization and another (Sugimura & Umesao 21). They provide a means of connection and while “some roads are transitory, others secure a permanent place in human history” (Sugimura & Umesao 21). One such road, known as the Silk Road, contributed inestimably to the ancient world of Eurasia and played a significant role in both “cultural and commercial advancements” (Sugimura & Umesao i). This route promoted a network of trade of not only goods and merchandise, but also new ideas and techniques all of which were brought to various regions especially during the Tang dynasty. Because of trade and the Silk Road, cultural exchanges were made possible and “western countries shared the learnings and culture that flourished in the Chinese capital” (Sugimura & Umesao i). Although there were disadvantages of the Silk Road because of banditry and spread of disease, this network of trade nevertheless connected the ancient Eastern and Western worlds through the spread of religion, culture and politics.

Feeling this was not enough to boost the economic up, Deng loaned money from IMF and the World Bank “to upgrade machinery and establish new manufacturing and industrial development” (Benson, 48). He opened a total of five towns and villages as SEZs and allowed foreign investors to build factories and hire Chinese to work for them. It might not be the best way to reform the economic as a whole, but it played an important role because it benefited the Chinese workers, the investors, and the Chinese government. During the 1980s, Deng promoted the “open door” policy to encourage foreign investment and to trade with the world. China needed larger quantities of raw materials to fuel its industrial growth so they signed contracts for minerals, timer, and so forth. It had not only provided China with raw materials that were needed, but also improved the relations with other neighbor counties and the US.

The main advantage of doing business in China is the fact that China has emerged as one of the world’s strongest economic forces, driven by the shear number of