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CPEC and It's Socio-Economic Implications For The Region and The World

CPEC will have significant positive socio-economic implications for the region and world by enhancing connectivity between China, Pakistan, and Central Asia; providing employment, improved standards of living, and boosting economic activity and trade. It could connect landlocked regions to the sea and diversify energy routes. However, some challenges include growing concerns from India, the potential for debt issues, and security concerns that must be addressed to realize CPEC's full potential.

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574 views6 pages

CPEC and It's Socio-Economic Implications For The Region and The World

CPEC will have significant positive socio-economic implications for the region and world by enhancing connectivity between China, Pakistan, and Central Asia; providing employment, improved standards of living, and boosting economic activity and trade. It could connect landlocked regions to the sea and diversify energy routes. However, some challenges include growing concerns from India, the potential for debt issues, and security concerns that must be addressed to realize CPEC's full potential.

Uploaded by

Samina Haider
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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CPEC and it's socio-economic implications for the region and the world

Introduction

China-Pakistan Economic Corridor 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 having improved road, rail and
air transportation system with frequent and free exchanges of growth and people to people contact,
enhancing understanding through academic, cultural and regional knowledge and culture, activity of
higher volume of flow of trade and businesses, producing and moving energy to have more optimal
businesses and enhancement of co-operation by win-win model will result in well connected,
integrated region of shared destiny, harmony and development. 

China Pakistan Economic Corridor is journey towards economic regionalization in the globalized
world. It founded peace, development, and win-win model for all of them.
 
China Pakistan Economic Corridor is hope of better region of the future with peace, development
and growth of economy.
‘

2. Socio Economic implications of CPEC for region

1. Employment Opportunities
2. Improve Living Standard of the People

3. CPEC enhances economic activites


4. CPEC will connect Landlock and litoral states
5. The project gives safest route to China
6. It enhances interdependece among regional countries
7. It give route to Iran's Gas and Oil
8. It develops western China and Balochistan
3. Socio Economic implications of CPEC for world
1. CPEC boosts trade with African countries through Gawadar port
2. It enhances Pakistan's geo-strategic importance
3. The project connects Pakistan with world through BRI
4. Possible challanges to CPEC
1.India's growing concerns about CPEC
2. India US nexus to sabootage CPEC
3. Debt Diplomacy of China
4. Quad as anti BRI
5. security concern
5. Workable and doable strategies to avert challanges
1. Pakistan should take stringent securiry measure ti secure CPEC.
2.Government should publicize agreements with china to purge all growing concerns
of Debt Diplomacy
Debt Diplomacy of China

CPEC – A Game Changer


CPEC is seen a Game Changer in the region in following ways;

 It will bring economic unity in Asia particularly among the countries of South Asia,
Middle East and adjacent states of Africa.
 It can bring stability in the region if countries are positively engaged in trade.
 CPEC can turn Gwadar port into an international trading point bringing fortune to
Pakistan.
 China will seek control on the markets of region expanding its ‘One Road, One
Belt’ initiative.
 Regional balance, which for long has been US-dominated, will gradually begin to
show a shift in alliances

How the CPEC can be helpful to uplift the the Pakistan’s economy?

CPEC offers enormous potential to Boost Pakistan Economy. With

investments in road, railways and ports, the $60 billion China Pakistan

Economic Corridor (CPEC) offers enormous potential for Pakistan to boost

its economy, reduce poverty, spread benefits widely.

“The largest economic gains from investing in transport corridors may arise

from urbanization and job creation around this new infrastructure, rather
than from many more vehicles using it”,  said one of the report’s authors,

World Bank economist Martin Melecky, who added: “not all corridor

investments are equally successful in creating large economic surpluses that

spread fairly throughout society.”

Prospects of CPEC
China Pakistan Economic Corridor is a scheme of great potential not only for China and
Pakistan but also for the region. The prospects of this mega project can be studied in
following points;

 CPEC brings immense economic opportunities for Pakistan. The country has for
long faced economic crisis. In the wake of this project Pakistan will seek revenue
from port rents, trade tariffs and chance to establish its own trade links with the
Gulf States.
 CPEC will bring fortune to the people of the regions who will host its trade routes.
This will also lead to establishment of industry thus creating more jobs.
 An important prospect of CPEC is seen in the power-projects it is bringing for
Pakistan. Under the deal signed, China will install over 15 power plants in
Pakistan. They will double the energy production by 2020 which is going to end the
energy crisis in country.
 CPEC brings the prospect of uniting the region economically. China can lead an
economic bloc of Asia. Iran will also find this project favorable once this project
gets completion

Q. What is climate change impact?


Ans. The most dangerous issue which the world is commonly facing is climate change. It is the gradual
rise in Earth’s lower atmosphere with far-reaching impacts. It brings unusual rainfall, natural calamities,
devastation to agriculture, extinction of marine life, worse pollution, and death and diseases. Its impacts
on Pakistan are equally harmful; last year’s flood endorse this fact. However, to control the menace of
atmosphere, the world needs to purse the Green Programme. Less reliance on fossil fuels, use of
alternate energy, plantation, awareness, and implementation on Kyoto Protocol are very vital measure to
cope with the issue of climate change. Below is the discussion over three-dimensions of climate change;
its impact, implication on Pakistan and suggestion for tackling the issue.
Impacts of climate change:
1)    Change in rainfall patterns: (Acid rain, prolong monsoon) BD: 99, USA: 2004 (hurricanes)
2)    Wave of natural calamities: (Tsunami, earthquake, floods) Europe 2002, floods.
3)    Effects on agriculture: (South Asia and East Asia)
4)    Extinction of species: 30-40 per cent extinction, a prediction
5)    Extinction of Island: Bangladesh, Australia, Japan (Three cm rise per decade in sea-level)
6)    Pollution
7)    Water wars: India ‘Pakistan
8)    Death and diseases: homelessness (100-200m), 150000 deaths, 5m illnesses WHO
Implications for Pakistan (among most affected countries)
1)    Water ‘issue: with India; with provinces
2)    Effect on agriculture
3)    Floods and cyclones: 99, 2002, 2010
4)    Food crises: sugar, floor
5)    Displacement of people
6)    Death and diseases
7)    Economic’ crises
8)    Urbanisation
Suggestions
1)    Less reliance of fossil fuels
2)    Use of bio-fuel
3)    Plantation and forestation
4)    Implementation of Kyoto Protocol
5)    Use of geo-thermal energy
6)    Use of solar energy
7)    Clean technologies
To conclude,
Climate change is the growing concern of the world as well as of Pakistan. Due to this, the mankind is
suffering from worst socio-economic and natural crisis. Thus, there is an urged need to control anti-earth
schemes and nourish earth like a tender flower
it's socio-economic implications for the region

 In the CPEC corridor, the amount of investment amounting to $ 4.5 billion was
injected into the project, and it is expected to become the ray of light to the
people of Gwadar to boost their social-economic part of their lives as well as the
China’s trade activity, hence, enhancing their trade.

it's socio-economic implications for the the world

Regional implications

Positive impacts:

1.Enhanced connectivity in Central Asia will bring sea access to landlocked republics +
access to Chinese market.
2.Iran will get huge market for gas
3.Energy market from the Middle East
4.Afghanistan appreciates Chinese attempts to secure peace

Negative impact (here we must shift a little from socio-economic to strategic):


1.India feels cornered
2.Indian actions; arms race etc.
3. Debt burden on countries
socio-economic implications for the world

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