Modern Economy, 2018, 9, 623-638 http://www.scirp.org/journal/me ISSN Online: 2152-7261 ISSN Print: 2152-7245 DOI: 10.4236/me.2018.94040 Apr. 18, 2018 623 Modern Economy One Belt One Road Initiative of China: Implication for Future of Global Development Md Nazirul Islam Sarker 1* , Md Altab Hossin 2 , Xiaohua Yin 3 , Md Kamruzzaman Sarkar 4 1 School of Public Administration, Sichuan University, Chengdu, China 2 Department of Information Management and Ecommerce, University of Electronic Science and Technology of China, Chengdu, China 3 School of Automation Engineering, University of Electronic Science and Technology of China, Chengdu, China 4 Department of Zoology, National University, Gazipur, Bangladesh Abstract One Belt One Road (OBOR) initiative is a historical initiative which connects the people over the world and facilitates various opportunities for global peace. The main purpose of this study is to explore implication of One Belt One Road initiative for global future development. It also analyzes the reasons of origin, strategy, opportunities and challenges of OBOR initiatives on the basis of business, economic, political, social and environmental aspects. This study uses qualitative approach and secondary data particularly journal ar- ticles, conference proceedings, various documents of government, books, newspaper articles, magazine articles, and various websites of internet have been extensively used to determine the objectives. This article argues that partner countries and agencies will get economic and political benefits from these initiatives. It facilitates to connect people through road ways, air ways and water ways, coordinating policies of various governments, financial inte- gration through cross border business, productivity and regional energy secu- rity. This study also analyzes risks and challenges associated to OBOR initia- tive implementation. It suggests that strong coordination among partners of OBOR is necessary to get full fruits of OBOR through supportive law, policy, rules and regulations, proper strategy implementation, transparent procure- ment system, sincere consideration on political, financial, environmental and social factors. Keywords OBOR, Economic Corridor, Financial Integration, Global Economic Development, China How to cite this paper: Sarker, M.N.I., Hossin, M.A., Yin, X.H. and Sarkar, M.K. (2018) One Belt One Road Initiative of China: Implication for Future of Global Development. Modern Economy, 9, 623-638. https://doi.org/10.4236/me.2018.94040 Received: February 3, 2018 Accepted: April 15, 2018 Published: April 18, 2018 Copyright © 2018 by authors and Scientific Research Publishing Inc. This work is licensed under the Creative Commons Attribution International License (CC BY 4.0). http://creativecommons.org/licenses/by/4.0/ Open Access