Completion of the Ten Years of the China-Pakistan Economic Corridor (CPEC) and Its Economical Goal
Journal Title: Inverge Journal of Social Sciences - Year 2023, Vol 2, Issue 4
Abstract
In this article, a discussion has been made about the China-Pakistan Economic Corridor (CPEC) project and its impact on Pakistan’s economy. The CPEC project is a collection of infrastructure and development projects that are primarily funded by Chinese investments. The article argues that the CPEC project has the potential to transform Pakistan’s economy, but it is not without its challenges. The political instability and security concerns in the region could potentially undermine the success of the project. The author suggests that China should take a more holistic approach to the CPEC project, treating it as part of a broader regional engagement strategy rather than solely a bilateral transaction. The author also highlights the importance of China’s impressive capabilities in the transportation, energy, and construction sectors, along with the soft power of intellectual cooperation through think tanks, media involvement, and academic exchange. By adopting this well-rounded strategy, the full implementation of the “One Belt, One Road” program and its potential economic benefits for Pakistan can be guaranteed.
Authors and Affiliations
Jamil Afzal Muhammad Adeel Afzal Zuhaib Nishtar
Keywords
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- EP ID EP724361
- DOI https://doi.org/10.1022/ijss.v2i4.58
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