THE CHINA-PAKISTAN ECONOMIC CORRIDOR (CPEC): THEORETICAL FRAMEWORKS AND PERSPECTIVES

Abstract

The establishment of the China-Pakistan Economic Corridor (CPEC) holds immense significance in terms of the economic and social progress of both China and Pakistan. To comprehensively evaluate the developmental impact of transport corridors, it is imperative to explore the CPEC project from various theoretical perspectives. This study aims to elucidate the theoretical foundations of CPEC by analyzing its interrelation with evidence-based policy, development theory, growth models, and economic theory. By scrutinizing the CPEC project through multiple theoretical frameworks, this research seeks to offer detailed insights into the implications and opportunities arising from this significant initiative for both nations.