Abstract
This study emphasizes the utility and concerns of China Pakistan Economic Corridor (CPEC) on various sectors of Pakistan’s economy through the lens of real stakeholders. Specifically, this study focuses on three aspects: the beneficiary of CPEC; CPEC’s effects on employment, GDP, foreign direct investment and personal income in Pakistan; and the concerns regarding Pakistan’s sovereignty. A qualitative research approach was adopted to explore the objectives of the study. To analyze these aspect, in-depth interviews from different Pakistan’s business community are conducted. Our study finds that CPEC will not only beneficial for both Pakistan and China, but also for other neighbouring countries in the region. To validate these findings, interviewee’s data is analyzed in the light of semantic analysis approach. Our study illustrates that, the development along the corridor will produce employment opportunities that will raise the income level of a common person of Pakistan, and the industrial growth in Pakistan through CPEC will have a positive effect on the country’s GDP. Our study also concludes that CPEC doesn’t pose any threat to Pakistan’s sovereignty. The stakeholders of CPEC are concerned over the intentions of Pakistan government; that need to be clarified. This research study also suggests the maximum benefits out of this mega venture.
Highlights
One Belt One Road (OBOR) initiative is a mega project of China to connect the countries onSilk Road
This study intended to explore how real stakeholders have conceived the idea and future implications of China Pakistan Economic Corridor (CPEC) in its true perspective and what is their judgments on CPEC as a game-changer and how will it boost the economy of Pakistan
The concepts related to the sovereignty of Pakistan is presented in Table 2, Aspect 3
Summary
One Belt One Road (OBOR) initiative is a mega project of China to connect the countries onSilk Road. One Belt One Road (OBOR) initiative is a mega project of China to connect the countries on. The journey of formal diplomatic relationship and friendship among China and Pakistan started in 1950. This friendship turned into a new leaf of economic development and cooperation in the shape of China Pakistan Economic Corridor (CPEC). The OBOR initiative aspires to put Asia and other countries in Europe, Africa, and the Middle East on a new trajectory of human development and higher growth by increasing trade and investment through infrastructure connectivity. This project is launched by the Chinese president. The OBOR consists of two main elements: (1) Mainland Area and (2) Maritime
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have