How does CPEC promote economic regionalization?

CPEC, or the China-Pakistan Economic Corridor, promotes economic regionalization in several ways. Firstly, it is designed to connect China’s western region with Pakistan’s southern coast, creating a trade and transport network spanning over 3,000 km. This will not only facilitate trade between China and Pakistan but will also provide a gateway to Central Asia, the Middle East, and Africa, promoting regional economic integration. Secondly, CPEC focuses on infrastructure development, including the construction of new highways, railways, power plants, and ports. This will improve connectivity within and beyond the region, as well as increase economic activity and growth. Finally, the corridor has the potential to create new industries, such as manufacturing and service sectors, which can contribute to economic development and job creation in Pakistan and the broader region. Overall, CPEC has the potential to transform the economic landscape of the region and foster greater economic integration and cooperation.

This mind map was published on 21 June 2023 and has been viewed 59 times.