The institutional obstacles and countermeasures for the construction of cpec in Pakistan
International Journal of Development Research
The institutional obstacles and countermeasures for the construction of cpec in Pakistan
Received 09th May, 2019; Received in revised form 26th June, 2019; Accepted 11th July, 2019; Published online 30th August, 2019
Copyright © 2019, Muhammad Saleem et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
This Research Project discusses the Institutional Obstacles and Countermeasures for the Construction of CPEC in Pakistan as a main part of the One Belt One Road (OBOR) the major Global initiative by the Chinese Government, scheduled to complete by 2030, while the project has been welcomed by Asian Countries. This Research Project elaborates upon the Institutional obstacles and best possible solutions rudiments and overcome the challenges of CPEC and identify the important benefits for both countries that will likely impact to the project progress, the data Collected from secondary source and the data analyzed via Time Series method from 2004-2016. The Pak-China Trade Volume and Foreign Direct Invest are dependent variables and Political Instability, Trust on Economic Environment, Law & Ordered Situation, Market Stability, Government Policy Index, Resource allocation efficiency, Administrative efficiency, Corruption, Perception Index and Price fluctuation Index are Independent variables. For data analysis we used SPSS 20 and Amos Software to apply major tests as Correlation model, Model Summary, ANOVA and Standardized Coefficient Model and all the results are significant with each variable. This research will help to promote trade volume between Pak-China and overcome the challenges, maintain law and order situation, political stability, and to improve price index and focus Administrative efficiency which help to highlights the opportunities and promote mega project will likely have to the existing socioeconomic infrastructure, Job opportunities, poverty level Index, and regional peace and security.