Socio-Economic Impacts of (CPEC) at Small Level Shopkeepers. A case Study of Gwadar’s Markets, Pakistan
DOI:
https://doi.org/10.69980/ajpr.v28i4.219Keywords:
CPEC, Socio-economic impacts, small level shopkeepers, social valuesAbstract
The China Pakistan Economic Corridor (CPEC) is a flagship project of the Belt and Road Initiative (BRI) designed to foster trade and investment through a network of roads, railways, and energy projects connecting China to Pakistan’s Gwadar port. While the microeconomic and geopolitical dimensions of CPEC, limited attention has been given to its microcosmic impacts on small-scale shopkeepers in local markets, particularly in Gwadar. This study aims to fill that gap by investigating the socio-economic transformations experienced by small shop owners in Gwadar’s markets. Through a mixed-methods approach combining qualitative interviews, surveys, and direct observations, the research captures the evolving dynamics of business operations, market structure, and livelihoods in Gwadar. Finding indicated that while infrastructure development and increased trade have stimulated commercial activity, the benefits for small shopkeepers remain unevenly distributed. Study also found small-scale shopkeepers in Gwadar’s markets, exploring shifts in economic practice, community dynamics, and cultural adoptions amidst rapid infrastructural development. Positive impacts include improved markets access, rising customer footfall, and diversification of product offering. However, challenges persist, including rising property rents, increased competitions from external investors, and limited access to financing for local entrepreneurs. The study also highlighted the cultural and social shifts experience by shopkeepers, such as changing consumer behaviors and growing demand for modern retail practices. The research underscores the need for inclusive policy measures to ensure equitable economic benefits for local communities, promoting sustainable development alongside large-scale industrial growth. By illuminating the lived experience of small-scale shopkeepers, the research identifies that CPEC’s localized impacts and offers policy recommendations for fostering inclusive growth in Gwadar.
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