NEWS

Economics Board of Studies Meeting

Dr. Matthew McCartney's Lecture on the China-Pakistan Economic Corridor (CPEC)

The Lahore School's Economics Society organised the session of Dr. Matthew McCartney, Professor, University of Oxford, who has been conducting his research on the China-Pakistan Economic Corridor (CPEC). During this seminar he talked about his main preliminary findings.

The first one was whether Pakistan would experience gains or losses from the CPEC. He concluded that Pakistan's economy is independent enough to grow on its own and without the help of CPEC, as even though CPEC would have certain benefits, it's resulting losses such as the growing Trade Deficit with China cannot be ignored. He further presented some historical evidence of how infrastructural development proved to be beneficial for some countries whereas resulted in losses for others. Secondly, he also believes there will be very few transformative benefits and little complementarity effects to Pakistan regarding CPEC.

In the last quarter of Dr. Matthew's seminar, he discussed the requirements for applying to Oxford University for MBA, MPhil, and Phd. Also mentioned certain scholarships for Pakistani students and greatly emphasized on the fact that students from LSE should definitely apply to Oxford University.

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