Final Correction 27 Oct 2015.pdf (267.42 kB)
Towards greater integration? Legal and policy directions of Chinese investments in Pakistan on the advent of the silk road economic belt
Pakistan has an enduring friendship with China, and the two countries have longstanding economic ties. There is an existing strong investment flow between the two countries, but the new Chinese Silk Road Economic Belt (SREB) initiative and its offshoot China–Pakistan Economic Corridor (CPEC) will substantially increase the flow of Chinese investments in Pakistan. In the auspices of the SREB, China will finance its companies to build a comprehensive regional transportation network in order to stimulate economic growth and social development. The SREB Action Plan has a more viable strategy for long-term development as compared with the existing regional economic integration and development models, and the CPEC will undoubtedly create numerous opportunities for the two countries. A scrutiny of the Chinese policies to invest in Pakistan and the prevalent strong bilateral regime for investment promotion and protection suggest that China–Pakistan investment relations reflect a move towards much deeper economic integration. However, the various legal and policy orientations of these Chinese projects reveal serious challenges in reaching the overall vision, harnessing it with the intended objectives, and enhancing the legitimacy of its implementation strategies. There is a need for proactive solutions for the transnational problems that the CPEC and the SREB are going to generate.
History
Publication status
- Published
File Version
- Accepted version
Journal
The Chinese Journal of Comparative LawISSN
2050-4802Publisher
Oxford University PressExternal DOI
Issue
1Volume
4Page range
36-68Department affiliated with
- Law Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2015-10-28First Open Access (FOA) Date
2017-11-10First Compliant Deposit (FCD) Date
2015-10-28Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC