Building the Nation Amid Infrastructure; China Pakistan Economic Corridor (Cpec), Dividends and Apprehensions
DOI:
https://doi.org/10.31150/ajebm.v5i10.1555Keywords:
Infrastructure, CPEC, Economics, Nation, DevelopmentAbstract
Economy is a backbone of any nation’s success. Forming a nation’s infrastructure and carrying stability to an existing structure always require deliberate study. It is claimed that Beijing’s sixty-two billion investment in CPEC will increase the financial facade of Pakistan. CPEC is one of the significant and enormous investment of China in an offshore state, and this has proven its worth being the fastest infrastructure project towards its fulfillment. In this framework, the study investigates the understanding of how this claim yields socio-economic and structural stability to the state of Pakistan. How far its successful implementation can reconstruct the Pakistani economy towards a middle-income country and might encourage in addressing some key issues such as poverty, illiteracy and terrorism? Besides, the data for this research has incorporated from official archival documents, agreements, statements from Pakistan China Institute’s Annual Reports. The study has used the gravity model and endogenous growth theory as a tool to understand infrastructure and technological advancement for economic prosperity and national progress. Overall, the aim of this study is to reexamine the historical development of CPEC by gauging the particular experience of the infrastructure. The research discusses the global and domestic challenges towards the definite achievement of the CPEC project.
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