CULTURAL MIX OF OBOR COUNTRIES: AN EMPIRICAL ANALYSIS OF SOCIO-CULTURAL DYNAMICS FOR REGIONAL DEVELOPMENT

Economists and strategic analysts alleged that CPEC is a game changer project not only for Pakistan and China but for the whole region in explicit and for the world in wide-ranging. It has recognized likely future markets and invested generously to bring them together in close link. This paper analyzes the impact of this initiative on the respective regional and individual cultures and societies and discusses their possible implications for development. The study was conducted on the basis of data collected from World Value Survey and estimated results show that the cultural values of this region appeared to have a robust positive and conducive to economic growth in East Asian Countries. These values may be helpful for Pakistani to grow economic activities. On the basis of these findings, we can say that East Asian model of economic growth is a model based on moral values which has its foundations in Confucius teaching