Socio-Economic Impacts of (CPEC) at Small Level Businessmen. A Case Study of Lahore’s Four Markets, Pakistan
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 01
Abstract
Purpose: identify the development of projects which are working with CPEC and small level businessmen are getting positive or negative benefits from these projects. Their social status and culture remained in good way or negative way. This study find out the problems and hurdles which normally businessmen are facing and solutions to overcome of the hurdles which can become the solution of CPEC completion. Design/ Methodology/ Approach: in this study quantitative and qualitative designed were implemented and convenient sampling techniques was used from the concerning region. A semi-structured in depth interview was conducted with small level businessmen directly concern with CPEC projects. Researcher used thematic analysis and structured questionnaire with required respondents who were directly affected from CPEC projects. A total 500 respondents were chosen and convenience sampling approach was used with different types of small level of businessmen. Findings: research explained the knowledge of respondents about CPEC (86.4%) was aware and only (13.6%) respondents were not known to CPEC projects. Study also explored that total 500 respondents from which 382(76.4%) purchasing Chinese products while only 118(23.6) were not purchasing Chinese products. Social, cultural and economic impacts were seen in positive direction which small level of businessmen perceiving and expecting. Small level businessmen were mostly exploited from big stakeholders and governments taxes implementations. Implications /Value/Originality: This is the facts CPEC and its projects are for the welfare of society. Small level businessmen cannot ignore there, their participation in these projects should be compulsory because mostly small level business were observed in markets. Local community and their cultural values are their identity which should maintain on every condition. Both side governments and policy makers should so assign the projects accordingly the socio-economic status of all nationals
Authors and Affiliations
Ghulam Shabbir, Dr. Jianfu Ma
Keywords
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- EP ID EP729715
- DOI 10.47191/jefms/v7-i1-21
- Views 112
- Downloads 0
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