Saudi Arabia-China-Pakistan Economic Corridor: intergovernmental green initiatives

Economic growth and carbon emissions in Pakistan: the effects of China's Logistics Industry

The logistics business is a crucial contributor to economic development, yet it is also the leading source of carbon emissions. Economic growth at the expense of environmental deterioration is a challenging issue; this phenomenon offered a new avenue for scholars and policymakers to investigate and address these issues. The recent study is one of the attempts to explore this intricate subject. The goal of this research is to determine whether or not the Chinese logistics sector has an impact on Pakistan's GDP and carbon emissions as a result of CPEC. The research utilized data from 2007Q1 to 2021Q4 using the ARDL approach for an empirical estimate. Due to the mixed order of variable integration and finite data set, the ARDL technique is well deserved, which helps reach sound policy inferences. The study's key results indicated that China's logistic business enhances Pakistan's economic development and carbon emissions in the short and long term. Similarly, China's energy usage, technology, and transportation contribute to Pakistan's economic progress at the price of environmental damage. The empirical study may be a model for other developing nations, given Pakistan's viewpoint. With the support of the empirical results, policymakers in Pakistan and other associated countries would be able to plan for sustainable growth in conjunction with CPEC.

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

China-Pakistan Economic Corridor (CPEC) has become a “game-changer” not only for policymakers but also for common citizens of China and Pakistan because of its potential benefits in the economic prosperity and sustainable development in the lives of individuals. Recently, scholars have shown a great interest in researching the eminence of CPEC. Despite prodigious efforts of scholars, the question “how CPEC would influence living standards of rural women and what they perceive?” has been remained unanswered. The present study is the first attempt to unearth the perceptions of rural areas’ women towards CPEC. We collected empirical evidence through a structured questionnaire from 302 educated rural women and interviewing 32 uneducated rural women. The following major conclusions are drawn through structural equation modeling via AMOS 21: the rural women significantly directly perceive new opportunities through CPEC; however, they perceive that the CPEC would not directly influence their quality of life and self-enhancement, but through the development of these rural areas. Rural development partially mediates the relationship between CPEC development and perceived opportunities while it fully mediates the relationships between CPEC development and quality of life as well as between CPEC development and self-enhancement. Policymakers need to emphasize on development of rural areas that would improve living standards of poor communities. The government needs to meet the expectations of poor communities and rural women to ensure their sustainable development.

Overview of green business practices within the Bangladeshi RMG industry: competitiveness and sustainable development perspective

Green business initiatives have become a prime driving force towards sustainable development across the world. The economy of Bangladesh is now on a pick as she has been moving towards nearly hitting the target for becoming a middle-income economy by 2021, and for attaining so, the development of industrial sectors is unavoidable. The booming industrial sectors have been resulting in a massive depletion of natural resources, greenhouse gas erosion, and toxic waste disposal, which further can cause uncontrolled degradation of air, soil, and water. In this highly competitive world, like most other businesses, ready-made garment (RMG) firms are facing tremendous pressure for being more competitive and availing a decisive position towards the reduction of pollution and impacts of ecological footprint. This nation brings a new paradigm of doing business called green business (GB). Principles of green business compact with emerging approaches for producing, marketing, and disposing of the products, which maintain environmental safety and business competitiveness. Green-oriented business strategy can act as a crucial tactic for gaining a competitive advantage over the potential competitors and assess them with a better way to uphold their stand towards attaining sustainable development. Since the modern purchaser is continuously being attracted to green-oriented RMG industries, they want to attain their responsibility to Mother Nature. Especially for the RMG sectors of Bangladesh, environmental concern is highly crucial since it is the most significant economic sectors of this country. The prime objective of this study is to provide an overview of green business strategy associated with the RMG sectors of Bangladesh, which further assist the sectors with competitive advantages. In order to fulfill the prime objectives of the paper, the authors conferred various books, journals, and research papers related to green business and competitiveness within the context of Bangladeshi RMG sectors. Furthermore, the study arranged some casual discussions with industry professionals in corporate social responsibility (CSR), environmental protectionist, sustainable development executives, and ecology-friendly performance officer to provide substantial assistance for focusing on the precise direction of foundation evaluation and synthesis. In contextualization of the intensification of green business strategy and environmental degradation, we proposed a framework to quantify the green business strategy with the view of gain competitive advantages across the RMG sectors in Bangladesh.