Print ISSN: 2204-1990

Online ISSN: 1323-6903

Keywords : Educational

CPEC Development Effect on Business Improvement: A Mediating Role of Educational, Employment Concerns, Healthcare Facilities in the Rashakai Special Economic Zone

Faisal Mehmood , Wang Bing , Henna,NazirUllah, NaqeenHussain

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 6, Pages 457-472
DOI: 10.47750/cibg.2021.27.06.038

While the Belt and Road Initiative (BRI) has brought substantial benefits to participating
countries, it has also increased the risk of confrontation between international projects and
local people. Despite this, there is still a gap in knowledge about how CPEC development
could bring changes in the education, employment opportunities, healthcare facilities
concerning the business improvement in the special economic zone to local residents. In
the China-Pakistan Economic Corridor (CPEC) context, this research utilises a quantitative
method with (SEM) to explain the predictive effect of CPEC development on education,
employment, healthcare facilities, and special economic zone. The sample size was
(n=399) with the formula of Taro Yamane, and a purposive sampling technique was
applied. The CPEC project long-term motivation is to spark education, employment, and
healthcare facilities initiatives. The comprehensive CPEC development activities are
managed to improve special economic zones and exclusively focus on the local
community’s long-term sustainability. Therefore, education, health care, and employment
opportunities will improve significantly once the CPEC project is completed.
Theoretically, this research adds to the body of CPEC development knowledge, and it also
interrelates factors such as employment concerns, educational concerns, healthcare
facilities, and special economic zones under the CPEC project. It is recommended that the
work on the CPEC project should speed up with the collaboration of the Pakistan