Roads to Economic Growth: A China-Pakistan Economic Corridor Perspective

Abstract

CPEC seems to be a revolution for the economic development of Pakistan since China would be investing $46 billion for the development of energy and infrastructure from Gawadar to kashgar. In order to forecast the impacts of CPEC on Pakistan, a thorough study was done by going through the existing literature of infrastructure development. My review paper concludes that CPEC will increase geographical connectivity, market development, improved export performances, create employment opportunities for the local people, appeals foreign investors which consequently pave way toward international trade and regional growth, increase tourism, overcome the prevailing energy crisis, improving living standards and reducing poverty, reduce fuel consumption resulting in decline of CO2 emissions.