Readiness for Sustainable Development (SD) of the one Belt Road (OBR) Initiative

Dr. Shirley Mo Ching YEUNG1, Dr Yong Chuan SHI2

 DOI :



Based on information provided by Hong Kong Trade Development Council (HKTDC) in September, 2017, there is an unmatched repository of globally-sourced skilled professionals and networking platform for business both within the Asia-Pacific region and beyond. Hence, a questionnaire has been designed on exploring the perception of respondents about companies’ readiness on the business opportunities of One Belt Road initiative. A pilot study was carried out to explore the perception of respondents about companies’ readiness on the business opportunities of One Belt Road initiative. In the study, 157 questionnaires were collected from university students in Wenzhou, China in September, 2017. The result of the study shows that out of the respondents, 33.8% strongly agreed the strategic value of OBOR to the company was high, 24.2% strongly agreed that there was sufficiency of data to support decision making at every level throughout the company about OBOR and 21.0% strongly agreed that regular reviews of OBOR in the company were in place. Also, 23.6% and 28.7% of them fairly agreed that project management systems on OBOR were in place for the company and the mechanism to measure OBOR expected results was established in the company, respectively.  On the other hand, 22.3% showed neutral stance that emerging technologies for future business risks in relation to OBOR were applied. For the company culture affecting the overall effectiveness of OBOR, it can be explained by three major predictors in 60.9%. They are : operational risks of OBOR, regular reviews of OBOR and mechanism to measure OBOR expected results. In order to make the OBOR initiative a sustainable one, it is time to implement the rationale of UNPRME - responsibility, values, purpose, research, method, dialogue and partnership to create impacts – responsible reproduction and consumption (UNSDG12) with innovations (UNSDG9) and transferable skills (UNSDG4) . On the other hand, an exploratory factor analysis (EFA) was also conducted to explore the latent factors or underlying constructs in the data. The result showed that there are two crucial independent factors, namely, i) the regulations and professional standards for OBOR, and ii) opportunities from OBOR to the companies. This implies that these are the two significant factors to be considered while a company wishes to explore business chances brought about by OBOR. Hence, policy makers and professionals need to be aware of the methods to close the gap identified and re-visit the communication modes and data sharing on OBOR initiative to make the business opportunities realized.