CPEC AND ITS CORRELATION WITH SOCIAL AND ECONOMIC DEVELOPMENT OF PAKISTAN
Keywords:
CPEC, Regional Economy, Economic development, ChallengesAbstract
The visualization of mutual success and economic development is linked to provincial connectivity and growth. The establishment of the China-Pakistan Economic Corridor is based on this concept (CPEC). One of the primary projects of CPEC is the development of new transportation infrastructure, including the Gwadar Port Project and other energy generation projects. The Everlasting friendship of Pakistan and China has been proven. The China is promoting the regional economy of Pakistan. The key plan that led to the creation of CPEC is China’s pilot project of the “Belt and Road Initiative.” CPEC is projected to minimize China’s transportation costs by offering a shorter route for Chinese trade to the Persian Gulf, as well as provide a solution to Pakistan’s energy shortages. Furthermore, despite the CPEC’s predicted economic growth chances, Pakistan faces some economic, security, and political risks. This paper aims to illustrate the China Pakistan Economic Corridor’s significant geostrategic importance, opportunities, and challenges, as well as to broaden the base. As a result, this paper provides a comprehensive view of previous research on the planned subject and does not involve any data analysis, as previous researches had done for reviewing an assessment of challenges and prospects.
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Ahmed, A., Arshad, M. A., Mahmood, A., & Akhtar, S. (2017). Neglecting human resource development in OBOR, a case of the China– Pakistan economic corridor (CPEC). Journal of Chinese Economic and Foreign Trade Studies.
Alam, K. M., Li, X., & Baig, S. (2019). Impact of transport cost and travel time on trade under China-Pakistan economic corridor (CPEC). Journal of Advanced Transportation, 2019.
Ali, Y., Rasheed, Z., Muhammad, N., & Yousaf, S. (2018). Energy optimization in the wake of China Pakistan Economic Corridor (CPEC). Journal of Control and Decision, 5(2), 129-147.
Butt, K. M., & Butt, A. A. (2015). Impact of CPEC on regional and extra regional actors. The Journal of Political Science, 33, 23.
Chaudhry, I. S., Paquibut, R. Y., & Tunio, M. N. (2021). Do workforce diversity, inclusion practices, & organizational characteristics contribute to organizational innovation? Evidence from the UAE. Cogent Business & Management, 8(1), 1947549.
Chen, X., Joseph, S. K., & Tariq, H. (2018). Betting big on CPEC.
Kanwal, S., Pitafi, A. H., Pitafi, A., Nadeem, M. A., Younis, A., & Chong, R. (2019). China–Pakistan Economic Corridor (CPEC) development projects and entrepreneurial potential of locals. Journal of Public Affairs, 19(4), e1954.
Katper, N. K., Tunio, M. N., Hussain, N., Junejo, A., & Gilal, F. G. COVID-19 Crises: Global Economic Shocks vs Pakistan Economic Shocks (2020). Advances in Science, Technology and Engineering Systems Journal, 5(4), 645-654.
Khetran, M. S. B., & Saeed, M. A. (2017). The CPEC and China-Pakistan relations: a case study on Balochistan. China Quarterly of International Strategic Studies, 3(03), 447-461.
Makhdoom, A. S., Shah, A. B., & Sami, K. (2018). Pakistan on the roadway to socio-economic development: A comprehensive study of China Pakistan Economic Corridor (CPEC). The Government-Annual Research Journal of Political Science., 6(6).
Malik, A. R. (2018). The China–Pakistan Economic Corridor (CPEC): a game changer for Pakistan’s economy. In China’s Global Rebalancing and the New Silk Road (pp. 69-83). Springer, Singapore.
Memon, A.B., Meyer, K. and Tunio, M.N. (2021), «Toward collaborative networking among innovation laboratories: a conceptual framework», International Journal of Innovation Science, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/IJIS-04- 2021-0069.
Nabi, G., Ullah, S., Khan, S., Ahmad, S., & Kumar, S. (2018). China-Pakistan Economic Corridor (CPEC): melting glaciers—a potential threat to ecosystem and biodiversity. Environmental Science and Pollution Research, 25(4), 3209-3210.
Shaikh, E., Tunio, M. N., & Qureshi, F. (2021). Finance and women’s entrepreneurship in DETEs: A literature review. Entrepreneurial Finance, Innovation and Development, 191-209.
Tunio, M. N. (2020)1. Academic entrepreneurship in developing countries: contextualizing recent debate. Research Handbook on Entrepreneurship in Emerging Economies.
Tunio, M. N. (2020)2. Role of ICT in promoting entrepreneurial ecosystems in Pakistan. Journal of Business Ecosystems (JBE), 1(2), 1-21.
Tunio, M. N., Chaudhry, I. S., Shaikh, S., Jariko, M. A., & Brahmi, M. (2021)1. Determinants of the Sustainable Entrepreneurial Engagement of Youth in Developing Country–An Empirical Evidence from Pakistan. Sustainability, 13(14), 7764.
Tunio, M. N., Jariko, M. A., Børsen, T., Shaikh, S., Mushtaque, T., & Brahmi, M. (2021)2. How Entrepreneurship Sustains Barriers in the Entrepreneurial Process–A Lesson from a Developing Nation. Sustainability, 13(20), 11419.
Tunio, M. N., Shaikh, E., & Lighari, S. (2021)3. Multifaceted perils of the Covid-19 and implications: A Review. Studies of Applied Economics, 39(2).
Tunio, M. N., Soomro, A. A., & Bogenhold, D. (2017). The study of self-employment at SMEs level with reference to poverty in developing countries. Business and Management Research, 6(2), 33-39.
Tunio, M. N., Yusrini, L., & Shoukat, G. (2021)5. Corporate Social Responsibility (CSR) in Hotels in Austria, Pakistan, and Indonesia: Small and Medium Enterprise Spillover of COVID-19. In Handbook of Research on Entrepreneurship, Innovation, Sustainability, and ICTs in the Post-COVID-19 Era (pp. 263-280). IGI Global.
Tunio, M. N., Yusrini, L., Shah, Z. A., Katper, N., & Jariko, M. A. (2021)4. How Hotel Industry Cope up with the COVID-19: An SME Perspective. Etikonomi, 20(2), 213-224.
XiMei, L. I. U., ChangFeng, W. A. N. G., Rasheed, S., & Tunio, M. N. (2016). Shadow Price of the Oil Industry. International Journal of u-and e-Service, Science and Technology, 9(12), 281-290.
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Published
2021-12-15
How to Cite
Kumar, D. S., Azam, S., & Arijo, Z.- ul-. A. (2021). CPEC AND ITS CORRELATION WITH SOCIAL AND ECONOMIC DEVELOPMENT OF PAKISTAN. Journal of Business Strategies, 15(2), 67–82. Retrieved from https://greenwichjournals.com/index.php/businessstudies/article/view/612
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