Dreaming about Asian Tigers
From the Blog pakteahouse By Saad Hafiz Prime Minister Nawaz Sharif restated his dream recently to turn Pakistan into an 'Asian Tiger'. This title became synonymous with some East Asian nations that achieved high growth by pursuing an export-driven economic strategy. On the surface, Mr Sharif's desire appears more like a pipedream and less a realistic goal. For a brief period in the 1960s, Pakistan did enjoy a higher level of economic growth and wealth creation like the Asian Tigers but that can offer little comfort today. In fact, the present economic fundamentals support the view that Pakistan is the sick man of the region with little prospect of being transformed into a rising economic tiger. The basic rules of competition remain heavily skewed in favour of a tiny elite led by the military, whose bupakistanblogs.blogspot.comRead Full Post
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