Commentary
China’s investments in Pakistan have a dark side. They waste domestic resources, promote corruption, and leave the country heavily indebted to Beijing, which could turn Pakistan into another Sri Lanka.
A family rides past a decoration depicting the flags of China and Pakistan ahead of the visit of Chinese Vice Premier He Lifeng, in Lahore, Pakistan, on July 30, 2023. Arif Ali/AFP via Getty Images
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”
