CPEC was intended to rapidly modernize Pakistani infrastructure and strengthen its economy by the construction of modern transportation networks, numerous energy projects and special economic zones (SEZs). However, according to the Centre for Strategic and International studies (CSIS), these SEZs remain largely empty today and the long-standing challenges have only become more exacerbated. Facing unsustainable debt levels, growth rates down to 3 percent, 5-year high inflation rates and soaring deficits, Pakistan’s economy is definitely moving in the reverse direction.
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In 2019, over half of global oil production came from nation-states that the CEC classified as non-free, which has gradually risen since the 1990s. Countries like China, Saudi Arabia, Iran and Russia, are amongst those nations that pose threats to Canada’s National Security and its domestic industries.
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This was a fantastic read – I really appreciated the section where you mentioned how consistency beats motivation. It reminded…
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Very well presented. Every quote was awesome and thanks for sharing the content. Keep sharing and keep motivating others.