The Dynamics of China-Pakistan Economic Corridor (CPEC)
DOI:
https://doi.org/10.47205/jdss.2022(3-IV)30Keywords:
CPEC, Debt Burden, One Belt One Road (OBOR), Regional and Global EconomiesAbstract
The CPEC project is the outcome of the cordial relationship between China and Pakistan. The study explored the dynamics of the CPEC and One Belt One Road (OBOR) The objective of the study is to examine the role of Pakistan, as frontline state, and its’ expectations from Gwadar Port by connecting with China's Xinjiang Province. The progress and growth of its various development sectors, like energy sector, road and railway infrastructure and finally the energy sector is expecting in Pakistan inspite of facing issues like financial problems, political instability and conflicting situation over the special economic zones of the CPEC project and finally internal security. The research article is based on qualitative methodology and used the published literature review as secondary source. This article has accessed the economic impacts of the project positive at the regional and global level. It is recommended that the role of the regional and international stake holders should be on development framework.
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