ARTICLE

CHINA PAKISTAN ECONOMIC CORRIDOR CPEC FOSTERING THE TRADE INVESTMENT AND ECONOMIC GLOBALIZATION

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37 Pages : 283-290

http://dx.doi.org/10.31703/gssr.2019(IV-II).37      10.31703/gssr.2019(IV-II).37      Published : Jun 2

China-Pakistan Economic Corridor (CPEC): Fostering the Trade, Investment and Economic Globalization

Abstract

    Though the 21st century was considered hallmark economic globalization and trade partnership but recent developments of Brexit and President Trumps protective and anti-multilateral trading have challenged the established liberal consensus on economic globalization. This paper would argue that on the contrary the case of CPEC is the recent initiative from China and Pakistan which is giving boost to the new wave of economic Globalization as the economic corridor China projected the Belt and Road as a road to prosperity whereas isolation brings backwardness, will be more true with regard to CPEC. For Pakistan it is a gamechanger as it is a framework of regional connectivity. CPEC will not only benefit China and Pakistan but will have positive impact on Iran, Afghanistan, India, Central Asian Republic, and the region. The enhancement of geographical linkages will further the economic globalization as against the anti-globalization moves.

    CPEC, Trade, Economic Development, Foreign Direct Investment, Globalization

    (1) Noor Fatima
    Chairperson, Department of International Relations and Political Science,International Islamic University Islamabad, Pakistan.
    (2) Asia Baig
    Demonstrator, Department of Economics,Abdul Wali Khan University, Mardan, KP, Pakistan.
    (3) Burhan Ali Shah
    Assistant Professor,Quaid-i-Azam School of Management Sciences, Quaid-i-Azam University, Islamabad, Pakistan.
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References

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Cite this article

APA

    APA : Fatima, N., Baig, A., & Shah, B. A. (2019). China-Pakistan Economic Corridor (CPEC): Fostering the Trade, Investment and Economic Globalization. Global Social Sciences Review, IV(II), 283-290. https://doi.org/10.31703/gssr.2019(IV-II).37

CHICAGO

    CHICAGO : Fatima, Noor, Asia Baig, and Burhan Ali Shah. 2019. "China-Pakistan Economic Corridor (CPEC): Fostering the Trade, Investment and Economic Globalization." Global Social Sciences Review, IV (II): 283-290 doi: 10.31703/gssr.2019(IV-II).37

HARVARD

    HARVARD : FATIMA, N., BAIG, A. & SHAH, B. A. 2019. China-Pakistan Economic Corridor (CPEC): Fostering the Trade, Investment and Economic Globalization. Global Social Sciences Review, IV, 283-290.

MHRA

    MHRA : Fatima, Noor, Asia Baig, and Burhan Ali Shah. 2019. "China-Pakistan Economic Corridor (CPEC): Fostering the Trade, Investment and Economic Globalization." Global Social Sciences Review, IV: 283-290

MLA

    MLA : Fatima, Noor, Asia Baig, and Burhan Ali Shah. "China-Pakistan Economic Corridor (CPEC): Fostering the Trade, Investment and Economic Globalization." Global Social Sciences Review, IV.II (2019): 283-290 Print.

OXFORD

    OXFORD : Fatima, Noor, Baig, Asia, and Shah, Burhan Ali (2019), "China-Pakistan Economic Corridor (CPEC): Fostering the Trade, Investment and Economic Globalization", Global Social Sciences Review, IV (II), 283-290

TURABIAN

    TURABIAN : Fatima, Noor, Asia Baig, and Burhan Ali Shah. "China-Pakistan Economic Corridor (CPEC): Fostering the Trade, Investment and Economic Globalization." Global Social Sciences Review IV, no. II (2019): 283-290. https://doi.org/10.31703/gssr.2019(IV-II).37