Industrial Development under China Pakistan Economic Corridor (CPEC): Accomplished Lessons from China
DOI:
https://doi.org/10.58932/MULA0020Keywords:
Rapid Industrialization, CPEC, Economic Zone, Super Clusters, Special Economic Zones.Abstract
Economic clusters have been accepted as the most efficient rudiments for urban and regional economic strategies. China being one of those countries who has set an example for the growing economies for successful growth and took considerable amount of people out of poverty (estimated 800 million). Through the rapid industrialization, the economic giant-China has set an example for the rising economies how to transform, design and develop the economic zones. Rapid Industrialization in China was the result of the exclusive expansion of several ‘specialty cities’ with the small, medium and large productions units for the specific product in particular areas for contributing in millions annually. Now CPEC has entered into its robust second phase which comprises of industrialization and development of special economic zones empowered with railway networks, trade promotion and economic development. This study has used Cluster theory in order to investigate the systematic approach of China towards setting up clusters and subsequent development. The ongoing research is qualitative, descriptive and analytical in nature which suggests China is phenomenal in managing its city cluster policy which can provide a base to Pakistan to initiate its enriching plans.
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