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China-Pakistan Economic Corridor: In the context of String of Pearl Strategy

Author

Listed:
  • Muhammad Salman Ahmad

    (School of Public Affairs, University of Science and Technology of China, Hefei, Anhui, P.R. China)

  • Fahad Asmi

    (School of Public Affairs, University of Science and Technology of China, Hefei, Anhui, P.R. China)

  • Madad Ali

    (School of Public Affairs, University of Science and Technology of China, Hefei, Anhui, P.R. China)

  • Md. Mashiur Rahman

    (School of Public Affairs, University of Science and Technology of China, Hefei, Anhui, P.R. China)

  • Syed Mudasser Abbas

    (nstitute of Business Studies, Kohat University of Science and Technology, Kohat, Pakistan)

Abstract

This paper narrates china’s investment in South East Asian region and the up-gradation and construction of ‘Deep Sea Ports’ in countries such as Myanmar, Bangladesh, Sri Lanka and Pakistan. China’s escalating growth of its naval bases and trade influences in Indian and South Chinese Ocean is globally coined as China’s ‘String of Pearls Strategy’ (SOPs). Recently China has initiated $46 Billion projects in Pakistan, connecting deep sea Port of Gwadar with Kashgar, which is mostly discussed in the literature as ‘China-Pakistan Economic Corridor’ (CPEC). This corridor is considered to be a game changer in South Asia’s emerging economies. The current document is an approach of descriptive exploratory study to highlight the importance of String of Pearl theory in the strategic manner, the China’s initiative of economic corridor and rapid re-structuring of the silk roads for the trade purpose. CPEC’s investment in Pakistan and the political and power dynamics in the South East Asia among countries in terms of politics, internal situation and inter-country alliances. The current document highlighted and discussed the policies which Pakistan can be predicted to be followed to improve the effectiveness of CPEC.

Suggested Citation

  • Muhammad Salman Ahmad & Fahad Asmi & Madad Ali & Md. Mashiur Rahman & Syed Mudasser Abbas, 2017. "China-Pakistan Economic Corridor: In the context of String of Pearl Strategy," International Journal of Business and Social Research, LAR Center Press, vol. 7(8), pages 26-42, August.
    • Handle: RePEc:lrc:larijb:v:7:y:2017:i:8:p:26-42
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    References listed on IDEAS

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    1. David Greenaway & Aruneema Mahabir & Chris Milner, 2010. "Has China Displaced Other Asian Countries’ Exports?," Palgrave Macmillan Books, in: David Greenaway & Chris Milner & Shujie Yao (ed.), China and the World Economy, chapter 4, pages 60-90, Palgrave Macmillan.
    2. Christ, Nannette & Ferrantino, Michael J., 2011. "Land Transport for Export: The Effects of Cost, Time, and Uncertainty in Sub-Saharan Africa," World Development, Elsevier, vol. 39(10), pages 1749-1759.
    3. Bala Ramasamy & Matthew Yeung, 2010. "The Determinants of Foreign Direct Investment in Services," The World Economy, Wiley Blackwell, vol. 33(4), pages 573-596, April.
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    Cited by:

    1. MuhammadRizwanullah & Liang Li Zhi & Muhammad Uzair Ali & Yu Xiu Yuan & Dandan Hou & Zhouxue, 2020. "Role of CPEC in Enhancing Mutual Trust and Regional Integration: Across OBOR Countries," International Journal of Business and Social Research, LAR Center Press, vol. 10(2), pages 18-27, February.

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    More about this item

    Keywords

    Chabahar; China-Pakistan Economic Corridor; International Relations; String of Pearls Strategy.;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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