Long-run Growth in Pakistan Ashoni Kumar April 26, 2015 Abstract: Growth rate of Pakistan over the past sixty years have been both impressive as well as disappointing too. The reason why the economy is recognized being impressive is because of the rapid growth rate that had its quadrupling impact over per capita income as well as reduction in the poverty. During the same span of time the country fairly performed in sustain inflation too. Later, the structural transformation in areas of financial and administrative sector brought harm by converting an agrarian economy in to more diversify industrialized economy. Social indicators suggests us that Pakistan is being ranked being 134th among 177 countries in terms of Human development index and also in terms of Income inequality index because there exist a lot of disparity in terms of urban rural segregation, gender differences and this all has worsen over time. Pakistan is lagging behind many other countries belonging to the Est Asian Countries and most recent is an example of India with its impressive integration as far as world economy is concerned. Economic History of Pakistan: The economic past of Pakistan begins with its independence in 1947. Pakistan’s economy is a semi-industrialized economy that used to be largely dependent upon textile, agriculture and food production. Although over years there is a recent advancement observed in areas of technological diversification but the country still needs to
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World War I began in August of 1914 and continued for over a span of four years. For nearly three of those years the United States managed to stay out of the conflict because many Americans believed in the U.S. policy of isolationism and keeping out of foreign or European affairs. However, Germany’s unrestricted submarine warfare and the Zimmerman Note ultimately saw the United States enter in their first world war. Entering into war was not favorable to many Americans who saw neutrality as their best bet during war time. Woodrow Wilson, president at the time, saw a need to get American behind the war effort and to see and end of anti-war efforts. These efforts would ultimately see a drastic change in the previously held American
Education system is still 50 years old; in short it is right when they say Pakistan is one of the developing country.
In his first chapter he starts off about why growth even matters. Economic growth frees the poor from hunger and diseases. Economy wide growth in GDP per capita translates into rise in incomes for the poorest of the poor lifting them out of poverty. Taking the example of Pakistan, the author describes how 31% of the country lives in extreme poverty with incomes less than $1 a day. Infant mortality, hunger, debt bondage are directly associated with income.
Pakistan is the country full of natural and cultural wealth. Pakistan has its own unique and specific cultural identification.
Since the independence in 1947 the economy of Pakistan has emerged as a semi-industrialized economy and is mainly based on textile, agriculture and food production. The textile industry contributes around 9% to the country’s gross domestic product (khurram baig, 2013). However, since the start of 2008 the country as a whole has struggled to gain the confidence of many foreign and local investors due to instability and security concerns and the country is struggling to gain back the confidence ever since. Although, after 2012 an increase in the FDI was seen due to improvement in the tertiary sector, this was n mainly due to an increase in spending power and confidence shown by the local consumers (The World Bank).
1. Gen. In the world Pakistan is a county that is facing one of the most critical conditions of terrorism. Pakistan is on an urge of war against the terrorism since more than 15 years that has been killed thousands of innocent citizens and several hundred of soldiers and law and enforcement agencies' personnel during fighting against terrorism. This irritation has not only affected the peoples of Pakistan, but it has been also very bad effects upon the economy of Pakistan. These things have made the economic situation of the state unsteady and unsecured.
Based our valuation, COLM is undervalued and this is consistent with the historic trend and analysis. COLM has consistently traded below its peer-group average. It has the potential to grow and outperform. The financial analysis is based on LT growth rate, recent acquisition activity, ROE decomposition, and the Cash Conversion Cycle.
Foundation of state lies on the social justice. In a state like Pakistan social injustice is very common because the system has failed to do justice with people and different departments. Poor people are being punished but feudal and landlords are not. Punishments are given according to the status, rich are being saved contrary to the poor.
The economy is of Pakistan is divided into three sectors; agriculture, industry and services. The contribution to total GDP is mentioned below in terms of percentages. Agriculture includes farming, fishing and forestry. Industry includes mining, manufacturing, construction and power production. Services include communications, finance, transportation etc. The distribution will total less than 100% if the data is incomplete. Agriculture has a contribution of 21.2% in the total GDP of Pakistan. Industry sector has 25.4% share in the total GDP of Pakistan whereas services sector has the highest contribution of 53.4%.
Pakistan is categorized among the 43 countries who are most exposed to poverty. (S. Rana 2011)
Ireland’s GDP has increased from $218.5 billion in 2010 to $245.9 billion in 2014. Per Capita GDP has also increased over the last five years, from $46,425 to $49,360 (Ireland GDP | 1960-2015, 2015). Despite overall growth, both GDP and per capita GDP experienced low growth from 2011-2013, and even negative growth in 2012. This is explained by the tight fiscal policy maintained by Ireland’s government during this time.
The government of Australia intends on focusing on long term economic growth specifically in relation to small business. The purpose of this report is to understand and analyses how the 1.5% tax cut on small business actually impacts or will potentially impact (positively or negatively) the economy. In relation to this topic, microeconomic theories have been used to gain an insight. For this purpose, most data have been collected from secondary sources like literature reviews, journal article, government websites, other websites etc.
The current growth of Asia has been remarkable especially post the 1997 crisis, the purpose of this assignment though is to understand whether the current strategy of Asia would witness the same growth in the coming years or not and whether by 2050 it would be responsible for more than half of Global GDP.
Pakistan is poorly faced with the problem of unemployment. The existing unemployment rate is 15%. Thousands of young doctors, engineers and other educated people are out of job. There are no opportunities for youth to utilize their capabilities or abilities in right direction. Pakistan is facing the problem of brain drain due to unemployment because we are unable to utilize their precious hands in the progress of the country. The most horrible part is that it is rising every year it will show to be risky for the economy of Pakistan. It has negative impact on society. It creates