Globalization, Road and Belt Project and Expected Results

Abstract

One of the most important occupations for human beings since the day they existed has been to provide the necessary nutrients to sustain their life. As time progressed in this production activity, with the increase in division of labor and specialization, with the development of barter economy and trade, the importance of trade routes increased. One of the most important of trade routes is the 'Silk Road'. Today it wants to be revived and carried forward mainly by rail. There are 69 countries and international organizations that started to be mentioned in 2013 under the leadership of China and have signed projects as of today. It is planned to reach 2049. In our study, the amount of imports from China of 12 important countries (Malaysia, Indonesia, Kazakhstan, Pakistan, Iran, India, Turkey, Egypt, Ukraine, Russia, Hungary, Poland) that cooperated in the project between 2000 and 2017 gross domestic product ratios), foreign direct investment from China (ratio of incoming foreign direct investment) and debts to China (ratio to the country's gross domestic product) will be examined. As a result of these examinations, the possible harm and benefits of the Road-Belt project to the world economy will be tried to be determined. Policies to be implemented in the Road-Belt project will be proposed in order for world trade to operate in a win-win manner. Again, what needs to be done for the project to contribute to world peace will be presented as a proposal in connection with the world conjuncture.