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China-Pakistan Economic Corridor: a gateway to sustainable economic development

Author

Listed:
  • Shazia Kousar
  • Abdul Rehman
  • Mahwish Zafar
  • Kamran Ali
  • Nadia Nasir

Abstract

Purpose - The purpose of this paper is to discuss positive spillovers of this project, especially for Pakistan because the majority of the literature discusses challenges associated with China-Pakistan Economic Corridor (CPEC). Design/methodology/approach - This study reviews the available literature to assess the role of CPEC in the sustainable economic development of Pakistan. Findings - This study indicates that CPEC is an ambitious development project because it needs a larger restructuring of the economy of Pakistan and it will be productive with the successful blend of policy changes and participation of the business community in Pakistan. This project primarily creates a huge amount of foreign direct investment for Pakistan, at the same time, it will also create greater trade opportunities to China by giving access to a new market for its trading goods. Originality/value - This study established that CPEC will improve the economic growth and trade, enhance regional connectivity, overcome energy crises, develop infrastructure and establish people-to-people contacts in both the countries, which will further help to improve the tourism sector.

Suggested Citation

  • Shazia Kousar & Abdul Rehman & Mahwish Zafar & Kamran Ali & Nadia Nasir, 2018. "China-Pakistan Economic Corridor: a gateway to sustainable economic development," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 45(6), pages 909-924, June.
    • Handle: RePEc:eme:ijsepp:ijse-02-2017-0059
    DOI: 10.1108/IJSE-02-2017-0059
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    Citations

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    Cited by:

    1. Arsalan Ahmed & Faisal Nawaz & Muhammad Ali & Muhammad Younus & Shahida Wizarat, 2023. "Opportunities for Pakistan’s Exports Growth through OBOR: Case of Central Asian Republics," Journal of Economic Impact, Science Impact Publishers, vol. 5(1), pages 32-41.
    2. Kanwal, Saira & Mehran, Muhammad Taqi & Hassan, Muhammad & Anwar, Mustafa & Naqvi, Salman Raza & Khoja, Asif Hussain, 2022. "An integrated future approach for the energy security of Pakistan: Replacement of fossil fuels with syngas for better environment and socio-economic development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 156(C).
    3. Zakir Ullah Niazi & Aliya Saeed, 2022. "Understanding the Pattern and Structure of Pakistani Trade," Journal of Education and Social Studies, Science Impact Publishers, vol. 3(1), pages 31-40.
    4. Ahmad Saad & Guan Xinping & Mariah Ijaz, 2019. "China-Pakistan Economic Corridor and Its Influence on Perceived Economic and Social Goals: Implications for Social Policy Makers," Sustainability, MDPI, vol. 11(18), pages 1-20, September.
    5. Mehtab Begum Siddiqui & Maryam Khokhar & Tayyaba Rafique Makhdoom & Md Billal Hossain & Sarmad Ejaz & Faisal Ejaz & Anna Dunay, 2023. "The Impact of Pak and China Cultural influences on CPEC Energy Project Moderating effect in South Asia: A Case Study from Pakistan," International Journal of Energy Economics and Policy, Econjournals, vol. 13(6), pages 211-219, November.

    More about this item

    Keywords

    Infrastructure; Trade;

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