CHINA PAKSTAN ECONOMIC CORRIDOR, REGIONAL ECONOMIC DEPENDENCY; IMPLICATION FOR REGIONAL PEACE AND STABILITY

Abstract

The politics of the area have long been dominated by realist, nationalistic, weapons race, and security-focused South Asian politics, with limited room for liberalism and solutions to regional and domestic problems. However, because of its economic dependence and multilateralism, CPEC, as a component of BRI, provides a pathway for modernisation in the region. The growth and extension of CPEC may result in economic expansion, regional development, peace, and prosperity. Many people think that CPEC would just benefit Pakistan and China, but in reality, it will have a significant influence on the social, political, and economic landscapes of South Asia, Central Asia, and the Middle East. Openness and inclusivity are necessary for CPEC to be a source of peace, prosperity, and a tool for conflict resolution. It is up against a lot of obstacles and adversaries. Nevertheless, it has the ability to accomplish its goals and build a stable, integrated community in the area. Instead of just countries, regions will reap its advantages. Economic interdependence, free commerce, mutual reconciliation, and cooperation will lead to peace and stability. As a result, it is anticipated that as the CPEC project continues to succeed in connecting Central Asia, a new era of regional peace and stability would usher in an improved climate for cooperation and conflict resolution.