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CPEC’s Utility and Concerns under OBOR Initiative: A Pakistani Industrial Perspective

Author

Listed:
  • Ghulam Abbas

    (School of Economics & Management, South China Normal University, Guangzhou 510631, China)

  • Zhiming Liu

    (School of Economics & Management, South China Normal University, Guangzhou 510631, China)

  • Shahbaz Hassan Wasti

    (School of Computer Sciences, South China Normal University, Guangzhou 510631, China)

  • Uzma Munir

    (Department of English, Bahauddin Zakariya University, Multan 60800, Pakistan)

  • Muhammad Abbas

    (Department of Business Administration, Multan Campus, Air University, Islamabad 44000, Pakistan)

Abstract

This study emphasizes the utility and concerns of China Pakistan Economic Corridor (CPEC) on various sectors of Pakistan’s economy through the lens of real stakeholders. Specifically, this study focuses on three aspects: the beneficiary of CPEC; CPEC’s effects on employment, GDP, foreign direct investment and personal income in Pakistan; and the concerns regarding Pakistan’s sovereignty. A qualitative research approach was adopted to explore the objectives of the study. To analyze these aspect, in-depth interviews from different Pakistan’s business community are conducted. Our study finds that CPEC will not only beneficial for both Pakistan and China, but also for other neighbouring countries in the region. To validate these findings, interviewee’s data is analyzed in the light of semantic analysis approach. Our study illustrates that, the development along the corridor will produce employment opportunities that will raise the income level of a common person of Pakistan, and the industrial growth in Pakistan through CPEC will have a positive effect on the country’s GDP. Our study also concludes that CPEC doesn’t pose any threat to Pakistan’s sovereignty. The stakeholders of CPEC are concerned over the intentions of Pakistan government; that need to be clarified. This research study also suggests the maximum benefits out of this mega venture.

Suggested Citation

  • Ghulam Abbas & Zhiming Liu & Shahbaz Hassan Wasti & Uzma Munir & Muhammad Abbas, 2019. "CPEC’s Utility and Concerns under OBOR Initiative: A Pakistani Industrial Perspective," Economies, MDPI, vol. 7(3), pages 1-13, September.
    • Handle: RePEc:gam:jecomi:v:7:y:2019:i:3:p:90-:d:264118
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    References listed on IDEAS

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    1. Fedderke, J.W. & Perkins, P. & Luiz, J.M., 2006. "Infrastructural investment in long-run economic growth: South Africa 1875-2001," World Development, Elsevier, vol. 34(6), pages 1037-1059, June.
    2. Yang, Dong & Jiang, Liping & Ng, Adolf K.Y., 2018. "One Belt one Road, but several routes: A case study of new emerging trade corridors connecting the Far East to Europe," Transportation Research Part A: Policy and Practice, Elsevier, vol. 117(C), pages 190-204.
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    Cited by:

    1. Shahid Mahmood & Muazzam Sabir & Ghaffar Ali, 2020. "Infrastructure projects and sustainable development: Discovering the stakeholders’ perception in the case of the China–Pakistan Economic Corridor," PLOS ONE, Public Library of Science, vol. 15(8), pages 1-17, August.
    2. Saranjam Baig & Mir Qasim & Li Xuemei & Khalid Mehmood Alam, 2020. "Is the China-Pakistan Economic Corridor an Opportunity or a Threat for Small and Micro-Entrepreneurs? Empirical Evidence from Northern Pakistan," Sustainability, MDPI, vol. 12(5), pages 1-19, February.
    3. Joanna Wolszczak-Derlacz & Yuxin Lu, 2022. "The role of the One-Belt One-Road initiative in China’s exports and global value chains," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 17(2), pages 317-341, June.

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