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Full Description
This book has come up with the most up-to-date, comprehensive and objective analysis of China's investments in Pakistan under the China-Pakistan Economic Corridor, a flagship project of the Belt and Road Initiative. It covers the broad range of Sino-Pakistan relations in the backdrop of Pakistan's complex political, governance, security, socio-environmental and technological challenges that hinder implementation of CPEC projects. Backed by robust empirical evidence, a unique feature of this volume is that it demystifies several myths about CPEC concerning 'debt-trap' narrative, China's 'win-win' proposition and Pakistan's mantra of 'game changer' and 'fate changer'. By examining Chinese infrastructure-building initiative vis-à-vis competing economic initiatives such as the US/G7-led Partnership for Global Infrastructure Investment, the Global Gateway strategy of the European Union, and the India-Middle East-Europe Economic Corridor of the G20, a distinctive significance of this book is that it aptly situates the implications of China's growing role in Pakistan in broader regional and global context.
Contents
Chapter 1: Introduction: China-Pakistan development partnership in the era of CPEC: new heights, great expectations.- Chapter 2: CPEC as a means of economic transformation: a low-hanging fruit or pie in the sky?.- Chapter 3: Conceptual and theoretical frameworks for the analysis of CPEC.- Chapter 4: The significance of CPEC for China's global transformation.- Chapter 5: CPEC and Pakistan's complex and weird political and security challenges.- Chapter 6: China's BRI and major powers' responses: a new era of transnational cooperation or a New Great Game?.
