CPEC: DATA AND FACT SHEET

CPEC AS A TOOL OF ECONOMIC GLOBALIZATION: REGIONAL INCENTIVES AND IMPEDIMENTS

The 21st century offers immense political and economic incentives for the South Asian region that has always remained pivotal to the strategic interests of big powers. The current transformation in international politics is marked by the process of economic globalization and regionalism that has added to the significance of China Pakistan Economic Corridor (CPEC).

The Chinese strategy of economic integration through economic corridors and infrastructural development has paved way for the policy sector of primary stakeholders to view the rationale of economic corridors from multiple perspectives i.e. CPEC as a tool of realism, CPEC as a tool of regional integration and CPEC as a geo-strategic and economic game changer. Secondly, the states involved need to rationalize their plans of action to keep their national interest and sovereignty integral. This calls for evaluation of the CPEC in a broader perspective i.e. its domestic, regional and international implications. CPEC’s critical appraisal will enable the policy and strategic sectors to relate to their security and foreign policy objectives, accordingly.

An analysis of Pakistan’s political structure, its history of socio-economic and infrastructure development, China’s Foreign policy, national interests and the basis of Pakistan-China friendship will enable us to understand how the CPEC is interacting and is expected to interact with the state structure of Pakistan. Pakistan-China relationship is a success story with a great deal of potential to meet the imperatives of the changing global and regional geo-strategic and geo-economic scenarios.




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