Open AccessChina Pak Economic Corridor (CPEC): Facts and Fantasies
Author(s) -
Bushra Hamid,
Shakeel Khan
Publication year - 2020
Publication title -
review of applied management and social sciences
Language(s) - English
Resource type - Journals
eISSN - 2708-3640
pISSN - 2708-2024
DOI - 10.47067/ramss.v3i2.55
Subject(s) - pessimism , economic welfare , commission , china , welfare , economics , business , economic policy , economy , finance , political science , market economy , philosophy , epistemology , law
Despite much hype and excitement regarding CPEC and views of its proponents and opponents’, it would be wise to examine and analyze the economic, financial and developmental prospects of the largest ever financial commitment of Pakistan, minutely. The magnitude of the initiative, on the pessimistic side, has the potential not only to halt the otherwise meek economy of the country but may also prove to be detrimental to the security compulsions. This paper attempts to examine the potential of the economic welfare and financial health of the CPEC for Pakistan both in the short and long run. Quantitative tools and techniques will be used to analyze the Economic and financial data available on governmental websites and Planning Commission of Pakistan. Historical experiences and current global economic environment will be taken into consideration to offer the suggestions for multiple stake holders.