China Pakistan Economic Corridor: Challenges and Opportunities

Abstract

Objective: The major objectives of the research are to identify any dangers and challenges related to the development of the China-Pakistan Economic Corridor (CPEC), as well as to shed light on the benefits that Pakistan receives from the CPEC.

Research Gap: Within the scope of the research, various threats and challenges are identified. These include cyber security threats, geopolitical conflicts, and terrorist acts.

Design/Methodology/Approach: In this study, the author used the qualitative research method with exploratory and analytical design which is based on the primary and secondary data sources.

The Main Findings: The China-Pakistan Economic Corridor has the potential to bring about huge economic benefits for both countries; nevertheless, the resolution of security concerns is essential to the success of this endeavor. It is possible to acquire a better understanding of the strategic advantages and anticipated benefits that will accrue to both China and Pakistan as a result of the pursuit of the China-Pakistan Economic Corridor (CPEC) by adopting the rational choice paradigm. Additionally, the study highlights the need of constant diplomatic efforts, strategies for conflict resolution, and collaboration with regional parties in the management and mitigation of security concerns. This is done to guarantee the sustained growth of the (CPEC).

Theoretical / Practical Implications of the Findings: The research makes use of Rational Choice Theory as its conceptual and theoretical framework to get an understanding of the reasons and choices that China and Pakistan have made in their pursuit of the China-Pakistan Economic Corridor (CPEC). Rational Choice Theory suggests that governments, international actors, and decision-makers make rational decisions to achieve the best outcome and avoid failure. This theory is used to explain why China invests in the China-Pakistan Economic Corridor (CPEC) and Pakistan becomes a partner of this project. It delves into the reasons why they are in this game.

Originality/Value: The abstracts demonstrate the contribution of the research that has rarely/never been done before.