IDEAS home Printed from https://ideas.repec.org/a/ebj/ijpssr/2023v2iia4.html
   My bibliography  Save this article

Ambitious China and Economically Fractured Pakistan: An Analysis of Chinese Economic Expansion in the region under CPEC and its Implications for Pakistan’s Foreign Policy

Author

Listed:
  • Izhar Ahmad Bacha
  • Assad Khiyam
  • Dr. Abdul Shakoor

Abstract

One Belt One Road (OBOR) Initiative or Belt and Road Initiative (BRI) are termed the most ambitious project of the 21st century. The multi-billion dollar investment plan is supposed to connect China to at least three continents i.e., Asia, Europe, and Africa through roads, seas, and railway lines. The lead project of OBOR is CPEC i.e. China Pakistan Economic Corridor. CPEC is already in its third phase of development and offers not only optimistic promises to Pakistan’s economic and political stability but the entire region. Existing literature on CPEC is more focused on the earlier optimistic promises that the projects offer, and there is a gap that needs to be filled regarding the implications of CPEC projects on Pakistan’s Foreign Policy. While there is a consensus on Foreign Policy decision-making to be one of the fundamental instruments for any state to pursue its national interests abroad, any implication imposed upon it through heavy Foreign Direct Investment will bear the consequences. The main objective of this paper is to analyse that weather China’s multibillion-dollar investment in China Pakistan Economic Corridor has any implications for Pakistan’s foreign policy. Through qualitative data analysis this study suggests that although huge Chinese investment may guarantee economic stability, Pakistan still needs to keep an eye on its foreign policy decision-making power which is at stake because of huge Chinese investment under China Pakistan Economic Corridor.

Suggested Citation

  • Izhar Ahmad Bacha & Assad Khiyam & Dr. Abdul Shakoor, 2023. "Ambitious China and Economically Fractured Pakistan: An Analysis of Chinese Economic Expansion in the region under CPEC and its Implications for Pakistan’s Foreign Policy," International Journal of Politics & Social Sciences Review (IJPSSR), International Journal of Politics & Social Sciences Review (IJPSSR), vol. 2(1), pages 31-37.
    • Handle: RePEc:ebj:ijpssr:2023v2iia4
    as

    Download full text from publisher

    File URL: https://ojs.ijpssr.org.pk/index.php/ijpssr/article/download/12/10/125
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Paul Tae-Woo Lee & Zhi-Hua Hu & Sang-Jeong Lee & Kyoung-Suk Choi & Sung-Ho Shin, 2018. "Research trends and agenda on the Belt and Road (B&R) initiative with a focus on maritime transport," Maritime Policy & Management, Taylor & Francis Journals, vol. 45(3), pages 282-300, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Qian Dai & Jiaqi Yang & Dong Li, 2018. "Modeling a Three-Mode Hybrid Port-Hinterland Freight Intermodal Distribution Network with Environmental Consideration: The Case of the Yangtze River Economic Belt in China," Sustainability, MDPI, vol. 10(9), pages 1-26, August.
    2. Paul Tae-Woo Lee & Oh Kyoung Kwon & Xiao Ruan, 2019. "Sustainability Challenges in Maritime Transport and Logistics Industry and Its Way Ahead," Sustainability, MDPI, vol. 11(5), pages 1-9, March.
    3. Wang, Chao & Lim, Ming K. & Zhang, Xinyi & Zhao, Longfeng & Lee, Paul Tae-Woo, 2020. "Railway and road infrastructure in the Belt and Road Initiative countries: Estimating the impact of transport infrastructure on economic growth," Transportation Research Part A: Policy and Practice, Elsevier, vol. 134(C), pages 288-307.
    4. Yiran Sun & Yuqian Wang & Jingci Xie, 2022. "The co-evolution of seaports and dry ports in Shandong province in China under the Belt and Road Initiative," Journal of Shipping and Trade, Springer, vol. 7(1), pages 1-27, December.
    5. Zhao, Xiaowen & Sun, Zhuo, 2024. "Investment modes in dry port with network effect under regionally competitive environment," Journal of Transport Geography, Elsevier, vol. 121(C).
    6. Wang, Xueqin & Wong, Yiik Diew & Yuen, Kum Fai & Li, Kevin X., 2020. "Environmental governance of transportation infrastructure under Belt and Road Initiative: A unified framework," Transportation Research Part A: Policy and Practice, Elsevier, vol. 139(C), pages 189-199.
    7. Lee, Paul Tae-Woo & Song, Zhaoyu, 2023. "Exploring a new development direction of the Belt and Road Initiative in the transitional period towards the post-COVID-19 era," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 172(C).
    8. Jiang, Yonglei & Sheu, Jiuh-Biing & Peng, Zixuan & Yu, Bin, 2018. "Hinterland patterns of China Railway (CR) express in China under the Belt and Road Initiative: A preliminary analysis," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 119(C), pages 189-201.
    9. Zhang, Yilin & Zhang, Anming & Wang, Kun & Zheng, Shiyuan & Yang, Hangjun & Hong, Junjie, 2023. "Impact of CR Express and intermodal freight transport competition on China-Europe Route: Emission and welfare implications," Transportation Research Part A: Policy and Practice, Elsevier, vol. 171(C).
    10. Ng, Adolf K.Y. & Jiang, Changmin & Li, Xiaoyu & O'Connor, Kevin & Lee, Paul Tae-Woo, 2018. "A conceptual overview on government initiatives and the transformation of transport and regional systems," Journal of Transport Geography, Elsevier, vol. 71(C), pages 199-203.
    11. Yang, Zhongzhen & Sun, Yu & Lee, Paul Tae-Woo, 2020. "Impact of the development of the China-Europe Railway Express – A case on the Chongqing international logistics center," Transportation Research Part A: Policy and Practice, Elsevier, vol. 136(C), pages 244-261.
    12. Razzaq, Asif & An, Hui & Delpachitra, Sarath, 2021. "Does technology gap increase FDI spillovers on productivity growth? Evidence from Chinese outward FDI in Belt and Road host countries," Technological Forecasting and Social Change, Elsevier, vol. 172(C).
    13. Ryuichi Shibasaki & Satoshi Tanabe & Hironori Kato & Paul Tae-Woo Lee, 2019. "Could Gwadar Port in Pakistan Be a New Gateway? A Network Simulation Approach in the Context of the Belt and Road Initiative," Sustainability, MDPI, vol. 11(20), pages 1-28, October.
    14. Ali, Usman & Li, Yanxi & Wang, Jian-Jun & Yue, Xiaohang & Chang, Ai-Chih (Jasmine), 2021. "Dynamics of outward FDI and productivity spillovers in logistics services industry: Evidence from China," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 148(C).
    15. Loon Ching Tang & Joyce M.W. Low, 2020. "Strategic intent of OBOR: enhancing energy supply resilience," Journal of Shipping and Trade, Springer, vol. 5(1), pages 1-25, December.
    16. Kim, Hwa-Joong & Lam, Jasmine Siu Lee & Lee, Paul Tae-Woo, 2018. "Analysis of liner shipping networks and transshipment flows of potential hub ports in sub-Saharan Africa," Transport Policy, Elsevier, vol. 69(C), pages 193-206.
    17. Naima Saeed & Kevin Cullinane & Victor Gekara & Prem Chhetri, 2021. "Reconfiguring maritime networks due to the Belt and Road Initiative: impact on bilateral trade flows," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 23(3), pages 381-400, September.
    18. Wen, Xin & Ma, Hoi-Lam & Choi, Tsan-Ming & Sheu, Jiuh-Biing, 2019. "Impacts of the Belt and Road Initiative on the China-Europe trading route selections," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 122(C), pages 581-604.
    19. Mau, Karsten & Seuren, Rosalie, 2020. "One Belt, One Road, One Way?," Research Memorandum 024, Maastricht University, Graduate School of Business and Economics (GSBE).
    20. Anas Rakha & Khadiga El‑Aasar, 2024. "The impact of the belt and road initiative on the Suez Canal cargo trade," Journal of Shipping and Trade, Springer, vol. 9(1), pages 1-19, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ebj:ijpssr:2023v2iia4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Hazrat Bilal (email available below). General contact details of provider: http://www.ijpssr.org.pk .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.