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ECO403 MACROECONOMICS GDB NO. 2
Due date: 10 February, 2016
Total marks: 5
China is one of the most populous countries in the world. China is not only the world’s fastest growing economy in last 30 years but also world’s fastest growing consumer market. It is the second biggest importer in the world. The most significant agreement signed between China and Pakistan is the Pak-China economic corridor. This Economic corridor is one of the important mega projects in central Asia. Approximate investment for this project is $46 billion and this project will connect Pakistan to central Asia, South Asia and Middle East.
Keeping in view the above facts and figures, logically explain that how would this project affect the saving and investment of the people of Pakistan.
Best of luck!~
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plzzzzzzzzz discuss the GDB SOLUTION
we have to tell benefits of economic corridor ,,, right ??
China is investing 44$ billions in next few years because of this heavy investment a large number of jobs and others income opportunity will be create such opportunities will be for upper class middle class and lower class as well if these chances of income will be used in suitable way income of every sector of society will increase and when income increases saving also increases because because with increase in income people can fulfill their needs and save as well. Individual income will lead to greater national income.
hi farooq ,
are you understand the requirement of GDB????
we have to write how would this project affect the saving and investment of the people of Pakistan.
Kindly Koi to Guide krayyy
EM nOT SuRE iF iTz cOmplEtlY cOrrEct,.......buT As pAr mY UnDerStanDinG ......i Hav SolVEd IT lYk ThiS......
GDB SOLTUON :-
China-Pak economic corridor is a project of highways, railways and pipelines for the transportation of gas,oil and to continue many other trades.The China-Pak economic corridor is a trade gateway for China to deep sea of Pakistan which will be benificial for both countries economy as a result in boost of trade activites. After its completion, the Pakistan would have access to central Asia, South Asia and Middle East and moreover China has promised to start development projects in Pakistan which will remove engergy crises. Due to this the our home industries will flourish and will Increase trade activites, will create more job opportunities the unemployed people will get employed and GDP,income of economy will increase. . If income of the economy is increased than saving will also increase. Increase in saving will increase the investment and increase in investment will contribute towards increased business activities and this will create more opportunities of progress and this cycle will go on.