China–Pakistan Economic Corridor (CPEC) development projects and entrepreneurial potential of locals

Abstract

This research explores a very important issue arising from the initiation of China–Pakistan Economic Corridor (CPEC) in Pakistan, as the major impact seems to be focused towards small businesses and how they will cope in this competitive market once Chinese businesses enter in the country. According to scholars and officials, CPEC will generate several business opportunities for the local Pakistani community. However, studies related to the CPEC project are limited and only focused on the development of the CPEC project in various aspects alone. The existing study examined the local entrepreneur's attitude and intention in the context of CPEC using a sample of 255 survey questionnaires. Structural equation modeling was used to test the proposed hypotheses. Data were gathered from the existing business community in Karachi, Pakistan. The results validated most of the hypotheses showing positive attitude towards entrepreneurs and intention towards CPEC development project. Specifically, local transportation and accessibility of cities show a significant relationship with a positive attitude. Similarly, the attitude of entrepreneurs also shows a positive relationship with entrepreneur's intention towards CPEC development projects. Findings have important theoretical and practical implications for policymakers of CPEC in creating an overall entrepreneurial ecosystem.

China-Pakistan Economic Corridor and Its Influence on Perceived Economic and Social Goals: Implications for Social Policy Makers

“…Local people expect numerous job opportunities and high earning position via CPEC, which can mitigate their poverty [31]. In general, our findings are related to Kanwal et al [30], where several benefits of the CEPC; employment opportunities, poverty reeducation, and social welfare are reported.…”

“…In line with Hansen et al [62], who argued that new projects and international resources create new opportunities for the betterment of people. Moreover, Kanwal et al [30] also revealed that CPEC will significantly expand job the circle of job opportunities for local communities and a common man in Pakistan. Additionally, Chen et al [27] also revealed that CPEC is a mega project and perceived for millions of job in different sectors.…”

“…In other words, many people living in rural areas are unable to start their businesses due to a lack of financial resources and the lack of market demands. CPEC will encourage them and will boost entrepreneurial intention among rural individuals [30,31]. CPC can become a significant predictor of economic growth for both regions [32] because of its crucial role in improving various industrial sectors.…”

China-Pakistan economic corridor and its impact on rural development and human life sustainability. Observations from rural women

“…This study examined the benefits and advantages of CPEC for women in the rural areas of Pakistan. Although there are several studies that have examined the role of CPEC in economic development, employment and livelihood of citizens [5,7,15]. But, studies to examine how the CEPC would benefit rural women of Pakistan in terms of new opportunities, quality of life and self-enhancement are missing.…”

Game Modelling and Strategy Research on Trilateral Evolution for Coal-Mine Operational Safety Production System: A Simulation Approach

“…In short, the level of safety climate of organization plays an important role in the operation of coal-mine safety production, and the improvement level of safety climate depends on the organization's emphasis and the attention degree on safety [16,17]. According to the theory of social exchange [18][19][20], the safety climate level of organization and the behavioral decision of miners are equivalent and reciprocal. At the same time, the supervision of first-line managers also affects the behavioral decision making of miners.…”