China-Pakistan Economic Corridor at the Cross Intersection of China, Central Asia and South Asia: Opportunities for Regional Economic Growth

Abstract

Pakistan’s geographical location is ideal for China-Pakistan Economic Corridor (CPEC) Project, and it formally recognizes as an iconic model of Belt and Road Initiative (BRI) plan. This corridor is laid at the cross intersection of three regions of economic growth include: China, Central Asian Republics and South Asia. It plays a vital role of inter-connectivity between these three regions, where three billions of inhabitants live, which is roughly half of the world population. The central argument of the paper is sternly conceptual and based on the subsequent arguments: foremost, the foundation of CPEC project is a green signal for the regional connectivity, mutual cooperation, economic growth and stability of the entire region of South and Central Asia. Secondly, the topographical position of Pakistan has an incredible potential for corridor development and manipulation process. Thirdly, due to the iconic model of belt and road initiative plan, the CPEC corridor has broad potential for regional economic growth because of shared boundaries and cross intersection position with China, CARs and South Asia. Finally, with the copious fruitful opportunities, this project facades somber challenges internally and outwardly. Hence, this study uses a positive-sum logic to analyze central argument and also discusses the policy inputs that may be prolific for regional growth and reforms of the project.