Though the 21st century was considered hallmark economic globalization and trade partnership but recent developments of Brexit and President Trumps protective and anti-multilateral trading have challenged the established liberal consensus on economic globalization. This paper would argue that on the contrary the case of CPEC is the recent initiative from China and Pakistan which is giving boost to the new wave of economic Globalization as the economic corridor China projected the Belt and Road as a road to prosperity whereas isolation brings backwardness, will be more true with regard to CPEC. For Pakistan it is a gamechanger as it is a framework of regional connectivity. CPEC will not only benefit China and Pakistan but will have positive impact on Iran, Afghanistan, India, Central Asian Republic, and the region. The enhancement of geographical linkages will further the economic globalization as against the anti-globalization moves.
This article examines the determinants of the total productivity of the agriculture sector which enhances the total agricultural productivity in Pakistan and analyzes the relations among variables used for the analysis from 1990 - 2017. The application of the auto regressive distributed lag technique ARDL was used to approximate various determinants. The area under cultivation, fertilizer consumption, agriculture credit, and rainfall show a positive effect on agriculture productivity, whereas agriculture employment and pesticide consumption show a positive but statistically insignificant effect on agricultural productivity in the long run. While in the short-run all determinants have a positive and significant effect on total agriculture productivity convergence towards equilibrium is shown by error correction term is 0.829.
M aize (Zea mays L.), a member of grass family (Gramineae) originated in Central America, is used by human civilization even in the ancient times. Maize is a C4 plant, having high genetic potency and is a photosynthesis explorative crop. Maize grain contains about 79% starch, 10% protein, 4% fiber, 4%fat and 3% minerals (Ahmad et al., 2017). It is mostly grown for grain as well as for fodder purposes and is also used as a raw material by various manufacturing units like cooking oil, confectionary and backers.The global maize production is approximately 1,060.2 million tonnes on an area of 188 million hectares with an average yield of 5.63 tonnes per hectare (USDA, 2016-17). Among the 176 countries worldwide, United States is ranked first with the production of 370.96 million tonnes on an area of 33.4 million hectares. China, Brazil, European Union and Argentina are the other top ranked maize producing countries. Pakistan comes at 17 th place in the ranking.In Pakistan, maize was cultivated on an area of 1.3 million hectares in 2014-15 with a total production of about 6 million tonnes and an average yield of 4.32 tonnes hec -1 . The average production in Pakistan is less than world's average by 1.02 tonnes hec -1 . Provincial statistics for the same year, provided in Table 1, show that among all the 4 provinces of Pakistan, Punjab is on top, and where the average yield (5.98 tonnes hec -1
There is a close link between operations strategies and firm performance. Thus, it is paramount to find out what competitive priorities are adhered to by small and medium enterprises when it comes to operational decision making. The sample is drawn from 244 manufacturing small and medium enterprises (SMEs) operational in Khyber Pakhtunkhwa (KP), Pakistan. Consistent with the research objective, Exploratory Factor Analysis (EFA) is employed to reveal the preference of SMEs in adopting competitive priorities. The results show that the most preferred competitive priority is cost followed by quality and flexibility with delivery priority the least sought-after operations strategy. The paper adds value to a finer and richer understanding of operations strategies in SMEs context and provides insights to practitioners and managers to effectively enhance their firm performance by pursuing right operations strategies.
Climate change has a severe impact on the accessibility of various resources on earth. The present study determines the impact of climate change on food availability for 27 years from 1990-2016. An ARDL model is used in order to find out the long-run and short-run relationships. The result shows that average temperature shows a negative relationship with food security, as the temperature is increasing the food security is decreasing Food security has a positive relation with agriculture credit since as the agriculture credit increases it will increase the production of agriculture sector which in result increase the supply of food and increase the food security in the country. Fertilizer consumption also has a positive effect on food availability, which is obvious as more and more food is provided with the increased use of fertilizer.
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