Special Economic Zones: A Comparison of the Economic Policies of China and Pakistan
Journal Title: Global Economics Rview - Year 2018, Vol 3, Issue 0
Abstract
China established Special Economic Zones (SEZs) in the late seventies and eighties which later became major drivers of their economic development. Now China is replicating the same phenomenon in Pakistan under CPEC. China, through the China Pakistan Economic Corridor (CPEC), the flagship project of One Belt One Road, has pledged to invest sixty-two (62) billion US dollars in Pakistan. The development of SEZs in Pakistan is divided into two phases. Phase one started in 2012, and the main focus in this phase was on Dhabeji, Rashakai Faisalabad. In phase two nine SEZs will be developed. If Pakistan successfully manages the SEZs it will shift the country towards industrialization in the long run and stabilize the Pakistani economy in the short run. However, many inconsistencies have originated due to Pakistans weak economic policies. This paper will provide a comparison between the SEZs in Pakistan and China, and how Pakistan can capitalize on the SEZs and pave the way for industrialization.
Authors and Affiliations
Sohail Ahmad, Muhammad Shoaib Malik, Hajra Nasir Satti
Keywords
Related Articles
- EP ID EP669049
- DOI -
- Views 287
- Downloads 0
European Union and Liberalism
Complex interdependence is the crucial concept of liberalism. If Liberalism believes in democracy, cooperation, mutual benefits, and human rights, then complex interdependence helps the states to achieve these ideals. Mo...
Local Market Economics: Brand Analysis in the Market
The purpose of the study was to provide an overview of the present situation of the Colgate toothpaste brand in comparison with other brands on the market such as Forhans, Macleans, and others. The trust for the brand in...
Chinese Politico-Economic Engagement in Africa: Strategy of Economic Diplomacy and Beyond
Since the late 1990s, while Chinas official announcement of its going out strategy and soon after, during early 2000s collaborations with World Trade Organization (WTO) to persuade economic engagements beyond Chinese geo...
Determinants of Agricultural Productivity: Empirical Evidence from Pakistan’s Economy
This article examines the determinants of the total productivity of the agriculture sector which enhances the total agricultural productivity in Pakistan and analyzes the relations among variables used for the analysis f...
The Economy of Projects: Analyzing Project Management Resilience, Stress Management and Project Sustainability
The due economy of projects is a catchword nowadays in the world. Advancement in project sustainability has reshaped the banking across the globe forcing companies to perform tasks and activities in the form of projects;...