28 June 2016, by Siegfried O. Wolf
The China-Pakistan Economic Corridor (CPEC), a multi-billion dollar infrastructure investment project, is heralded as a game changer for Pakistan’s economy and for regional cooperation more generally. As a crucial part of the major development initiative led by China, known as ‘One Belt, One Road’ (OBOR), to connect Asia with Europe, the Middle East and Africa, the CPEC is widely linked to hopes, interests, as well as regional and global geopolitics. However, such a mega-project also raises numerous questions, especially with regards to the feasibility of its implementation, the impact on the region and, India’s stance vis-a-vis the endeavour. Therefore, this Research Paper seeks to shed light on involved interests and challenges, potential impact on regional development and makes special reference of India’s role in it.
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SADF WORKING PAPER 1 – The China-Pakistan Economic Corridor: An Assessment of its Feasibility and Impact on Regional Cooperation
11 May 2016
Image by the US Institute of Peace
Regionalism in South Asia has entailed the search for collective efforts to overcome mostly weak, congeneric economies, political fragmentation, socio-religious cleavages and the consequent deep-rooted conflicts between different states, especially between Pakistan and India. In order to enhance regional cooperation, for quite some time, the idea of Economic Corridor (EC) has become not only a trend in foreign policy strategies but also a buzzword in plans for stimulating economic growth as well as deeper integration of Asia’s sub-regions. This has especially been the case within South East Asia, spearheaded by the Greater Mekong Subregion (GMS) initiative. In South Asia, it is a more recent phenomenon that the establishment of economic corridors has gained prominence. One of the most advanced examples is the China-Pakistan Economic Corridor (CPEC).
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