Comparative Dynamics of the Belt and Road Initiative: Unveiling the Unique Position and Implications of the China-Pakistan Economic Corridor
DOI:
https://doi.org/10.59075/ijss.v2i2.93Keywords:
Belt and Road Initiative (BRI), China-Pakistan Economic Corridor (CPEC), Geopolitical Strategies, Regional Dynamics, Economic TransformationAbstract
The Belt and Road Initiative introduced by China is one of the biggest infrastructure and development projects striving to facilitate commercial exchanges and stimulate growth through construction, trade, and investment links across countries and continents. Under this grand framework, the China-Pakistan Economic Corridor (CPEC) arose as a significant and novel dimension of the deepening bilateral relationship between Beijing and Islamabad Meanwhile CPEC plays a strategic role as a critical artery that aims to redefine the regional dynamics. This article undertakes analytical research to disclose the position as well as consequences of CPEC among other projects comprising the BRI on a global scale. Through fine-grained analysis of the political, economic, and social dimensions of CPEC somehow positioned next to other BRI projects, this study can identify the uniqueness of CPEC at the level of its ambitions, challenges, and implications on both regional geopolitics and economic frameworks. The paper draws upon a combination of qualitative and quantitative data, comprising CPEC project results, bilateral agreements, and economic indicators, among others, to demonstrate how CPEC functions as a driving force towards economic transformation in Pakistan with associated implications for international trade corridors. Moreover, the research sheds light on the geopolitical strategies behind China’s investments and brings to the surface how CPEC is not only employed in economic affairs but rather military and geopolitical interests for China in South Asia as well. Such a comparative study assists in the process of knowing the multilayered nature of the BRI, and bringing forth those emerging insights on how projects like CPEC can form the structure of global economic and governance engagement of the 21st century.
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