China - Pakistan Debt (Alleged) Trap: Analyzing the Exploitive Nature of CPEC with "World System Theory"

https://whatsapp.com/channel/0029VaY98AM9hXF8HkfxYY39                              https://wa.me/c/923554754711

China - Pakistan Debt (Alleged) Trap: Analyzing the Exploitive Nature of CPEC with "World System Theory"

• The China-Pakistan Economic Corridor (CPEC) is part of China's Belt and Road Initiative (BRI), aimed at expanding Chinese influence globally. CPEC has increased Pakistan's economic dependence on China, leading to concerns about a potential debt trap.


• The World System Theory describes the relationship where China is the "core" and Pakistan is the "periphery." This theory highlights the exploitation of Pakistan, which provides cheap labor and raw materials to China, while China supplies high-profit consumption goods.


• The partnership has led to economic benefits for Pakistan, such as infrastructure development and increased connectivity. However, it has also resulted in significant debt for Pakistan and dependence on Chinese imports.


• The core-periphery relationship is evident in trade patterns, with Pakistan exporting raw materials like copper and importing machinery and technology from China.


• Protests in Pakistan, especially in Balochistan, highlight local dissatisfaction with the exploitation and environmental impact of CPEC projects. The project has created jobs in Pakistan, but these are primarily low-wage labor positions.


• Comparisons are drawn to China's control over Sri Lanka's Hambantota Port as a cautionary example of economic dependency leading to loss of sovereignty.


• The article concludes that Pakistan remains economically peripheral, with China practicing a form of neo-colonialism through CPEC.

Comments

Post a Comment

Popular posts from this blog

Daily News Brief

Image
https://whatsapp.com/channel/0029VaY98AM9hXF8HkfxYY39                                          https://wa.me/c/923554754711 April 3, 2024 (Wednesday) GLOBAL Asia Pacific 1.        Russia, China Catching Up to U.S. in Space Weaponry, New Report Finds . The Secure World Foundation released its annual report, “Global Counterspace Capabilities: An Open Source Assessment,” that sheds light on the growing space arms race between the United States, Russia and China. 2.        North Korea Fires an Intermediate-Range Missile into its Eastern Waters: South Korea . South Korea’s Joint Chiefs of Staff said the missile was launched from an area near the North Korean capital, Pyongyang, and flew about 600 kilometers (372 miles) before landing in the sea between the Korean Peninsula and Japan. Russia/Europe/West 3.        Ukraine Drone Strikes Hit Russian Refinery, Drone Plant . A dozen people were injured in dawn Ukrainian drone strikes on oil-refining and other military-industrial targ
Read more

The Press Roundup

Image
  January 24, 2024 (Wednesday) Curated Summary International North-South Transport Corridor: Enhancing Indfia's regional connectivity (Valdai Discussion Club) The International North-South Transport Corridor (INSTC) is a route for moving freight from South Asia to Europe through Central Asia, the Caucasus, and Russia . It involves moving goods from India to Iran by ship, and then by ship, truck, or rail to Southern Russia. From there, the goods are transported by truck or rail to Northern Europe. The INSTC project includes countries such as Russia, Iran, India, Azerbaijan, Armenia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkey, Ukraine, Belarus, and Oman . The commencement of the first commercial consignment through INSTC in July 2022 marked a historic milestone. The new route is expected to have a transit time of 25-30 days, which is shorter and cheaper compared to the previous route. The INSTC aims to improve cooperation, communication, and reduce barriers to facilitate economic gr
Read more

The Press Roundup

Image
  January 15, 2024 (Monday) Curated Summary Indian Army to deploy Drishti-10 drones near Pakistan border in Punjab (ANI) The Indian Army is set to deploy the Drishti-10 medium-altitude, long-endurance drones at a forward base in the Punjab sector, which will enhance their surveillance capability along the border with Punjab. The drones are expected to be inducted into the force in the next two to three months. The Indian Army has placed orders for two of these drones from Adani Defence, an Indian firm , under emergency provisions that require the systems to be more than 60% indigenous and under the 'Make in India' initiative in Defense. The drones will be deployed in the Punjab sector to monitor a large area, including the desert sector and areas north of Punjab. Adani Defence has signed a deal with the Israeli firm Elbit for the transfer of technology for the drones and has indigenized 70% of the drones. The Indian Army is already operating the Heron Mark 1 and Mark 2 dro
Read more