The Political Economy of the China-Pakistan Economic Corridor

This book examines the political economy of the China-Pakistan economic corridor, analyzing how domestic factors in Pakistan will impact China's $46 billion investments. It is of interest to scholars, policymakers, and journalists.

Format: Hardback
Length: 251 pages
Publication date: 24 April 2023
Publisher: Springer Verlag, Singapore

The China-Pakistan Economic Corridor (CPEC) is a significant component of China's "One Belt, One Road" initiative, aimed at fostering economic connectivity and cooperation between China and its neighboring countries. This book delves into the political economy of the CPEC, examining its potential implications for both China and Pakistan.

The CPEC represents a significant opportunity for China to expand its economic influence in South Asia and beyond. By providing China with access to the Indian Ocean, Middle East, and Africa, the corridor will facilitate trade and investment flows between China and these regions. Additionally, the CPEC will connect China to the Trans-Asia railway network, which spans Southeast Asia, South Asia, and West Asia, enabling China to tap into the vast market potential of these regions.

However, the success of the CPEC depends on a range of domestic factors in Pakistan. This book aims to analyze how these domestic factors will impact China's $46 billion investments in the corridor. By understanding the challenges and opportunities that Pakistan faces, policymakers and investors can better assess the risks and rewards of investing in the CPEC.

The book will be of interest to scholars, policymakers, and journalists who are interested in understanding the complex dynamics of China's economic relations with South Asia and the broader region. It will provide valuable insights into the political economy of the CPEC and its potential to shape the future of China-Pakistan relations and the region as a whole.

The CPEC is a multifaceted project that involves a range of infrastructure development projects, including highways, power plants, and ports. These projects will not only improve connectivity between China and Pakistan but also stimulate economic growth and development in both countries.

However, there are also concerns about the environmental and social impact of the CPEC. Some critics argue that the corridor will exacerbate environmental degradation, particularly in the case of hydropower projects, which have the potential to harm local ecosystems and communities. Additionally, there are concerns about the displacement of local populations and the impact of the corridor on regional stability.

To address these concerns, China and Pakistan have committed to implementing sustainable development practices and promoting social inclusion. China has also announced a number of initiatives aimed at promoting economic development in Pakistan, including investment in education and healthcare.

In conclusion, the China-Pakistan Economic Corridor is a significant project that has the potential to transform the economic landscape of South Asia and beyond. While there are challenges and concerns that need to be addressed, the benefits of the CPEC are clear. By analyzing the political economy of the corridor and understanding the domestic factors that will impact China's investments, policymakers and investors can make informed decisions about the future of the CPEC and its potential to promote economic growth and cooperation in the region.

Weight: 473g
Dimension: 210 x 148 (mm)
ISBN-13: 9789811968679
Edition number: 1st ed. 2023