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
1-Sohail Ahmad Assistant Professor, International Relations Programme, Department of Humanities, COMSATS University Islamabad, Pakistan. 2-Inayat Kaleem Assistant Professor, COMSATS University, Islamabad, Pakistan.3-Hajra Nasir Satti Candidate of MS, International Relations, Department of Humanities, COMSATS University, Islamabad, Pakistan.
Keywords
Poverty, Protoindustrialization, Trade Deficit, Foreign Direct Investment, Import, Export, Economy.
DOI Number
10.31703/ger.2018(III-II).02
Page Nos
12-19
Volume
III
Issue
II