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Modern-day MSR and BRI: challenges and opportunities for Bangladesh’s maritime infrastructure development
Bangladesh was one of the six BRI corridors until it was recently included in the proposed Bangladesh–China–India–Myanmar route (BCIM). China plans to invest $4 trillion in the coming decades on OBOR-related projects and asserts that BRI & Maritime Silk Route (MSR) are merely economic initiatives. It entails China’s involvement with the nations situated along the MSR in order to improve sea trade connections with its MSR partners via the development of their marine infrastructure and the establishment of economic-industrial zones in their hinterlands. If its policies are well-coordinated, Bangladesh has the ability to attract a significant amount of this investment. This paper consists of three parts: the first part discusses how the OBOR has become one of the most important trade routes in the world and has the potential to change the social, cultural and economic scenario of the Eurasian region and the world; the second part explains how the BRI and the twenty-first-century maritime silk route converge at the coast of Bangladesh in the Bay of Bengal, thereby enhancing her geo-political significance; Third part elaborates the growing status of Bangladesh being apex country of the bay and what are the prospects and challenges she has.
Modern-day MSR and BRI: challenges and opportunities for Bangladesh’s maritime infrastructure development
Bangladesh was one of the six BRI corridors until it was recently included in the proposed Bangladesh–China–India–Myanmar route (BCIM). China plans to invest $4 trillion in the coming decades on OBOR-related projects and asserts that BRI & Maritime Silk Route (MSR) are merely economic initiatives. It entails China’s involvement with the nations situated along the MSR in order to improve sea trade connections with its MSR partners via the development of their marine infrastructure and the establishment of economic-industrial zones in their hinterlands. If its policies are well-coordinated, Bangladesh has the ability to attract a significant amount of this investment. This paper consists of three parts: the first part discusses how the OBOR has become one of the most important trade routes in the world and has the potential to change the social, cultural and economic scenario of the Eurasian region and the world; the second part explains how the BRI and the twenty-first-century maritime silk route converge at the coast of Bangladesh in the Bay of Bengal, thereby enhancing her geo-political significance; Third part elaborates the growing status of Bangladesh being apex country of the bay and what are the prospects and challenges she has.
Modern-day MSR and BRI: challenges and opportunities for Bangladesh’s maritime infrastructure development
Sayed, Kazi Md. Abu (Autor:in) / Chowdhury, M. R. Karim (Autor:in) / Saharuddin, A. H. (Autor:in)
Australian Journal of Maritime & Ocean Affairs ; 17 ; 54-66
02.01.2025
13 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
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