Essays economy pakistan

Maa k Kadmo Taley Posts: It is the blood in the veins of nation state, vitality in the human muscles, base for brutal wars and a reason for governments to rule. The nation, who earned nuclear position despite miseable poverty and sever foreign pressure, can do wonders, if provided with dedicated leadership.

Essays economy pakistan

Essays economy pakistan Politically, religious fundamentalism, sectarian violence, ethnic differences, terrorism and regional economic disparities have made country unstable which contributed toward the unsatisfactory economic condition.

It is usually believed that economy grows in presence of political solidity but in the case of Pakistan it rejects the conventional wisdom.

Much of countries economic growth has been witnessed in the military regimes which ruled country for nearly three decades. The reasons for this will also be discussed later. Moreover, the growing economic and corporate interests of the Pakistan army, makes it an important stake holder in decisions regarding trade, investment and issues of property rights.

Civilian Bureaucracy and Industrialization: The geographic location of East Pakistan with India separating West Pakistan put the country at a serious disadvantage. The country started with meager resources.

The old remnants of British regime were the bureaucracy which became powerful and started running the state and they were responsible to ensure the survival of the country in hard time with their policies. The political entities included landowners, feudal and a number of tribal leaders.

Essays economy pakistan

Since there was no industry, there was no industry related individual class and this led to the domination of bureaucracy in politics.

The political equation consisted of bureaucracy, land owning politicians and tribal leaders. After making unexampled gains from Korean War bonanza, the mercantile capitalists emerged and strengthened their economic position in the society.

Many traders who earned money and made profits in started investing in industry and later emerged as industrialists in The import substitution industrialization policy was adopted by the government institutions and bureaucracy and it acted as an impetus to the nature and direction of industry.

The first decade seem to bureaucracy led and assisted industrialization.

Essays economy pakistan

The bureaucracy led the political settlement and determined the outcomes of policy and purpose. Industry became the subordinate partner in that process.

Essay on pakistan economy

Other political groups had very little to offer at that time because of being nascent. The landlords and tribal leaders have little to say in politics and the economic policy was not directed toward well being of them.

Since much of bureaucracy was composed of urban migrants from India, they had little interest in agriculture. Industrialist gained high profits in early year but they never become a political force and were reliant on bureaucracy.

Political wrangling between landowning class politicians did not allow them to become a force. With porous ranks among political groups, the military stepped in to reinstate law and order and continue to run bureaucratic capitalism.

Civil and Military Bureaucratic Capitalism: The very high growth rates in the economy and large scale manufacturing LSM would not have been possible without a central command and military was the only institution able of reliable at that time. The agriculture sector was revolutionized by increase in production and land reforms.

This resulted in the rise of capitalist agriculture development. This produced a consumer class for industrial products without which industrial revolution could not have taken place.Introduction Pakistan was established in and since its inception; it has been surrounded by countless issues, some of which are confined to ill-formed/missing infrastructure, insufficient refined resources, barren or obsolete factories and technologies, the Kashmir controversy and other fronts also involving an ever-ready enemy to underscore its efforts towards progress.

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Published: Mon, 5 Dec Pakistan’s economy has been ragged by two back-to-back crises. The global fuel and food price hikes twisted severe macroeconomic complexity as public finances worsened, inflation climbed, and economic growth slowed down.

Essays & Papers Inflation and It’s Effect on Pakistan Economy Essay - Paper Example Inflation and It's Effect on Pakistan Economy Essay Inflation is the rise in the prices of goods and services in an economy over a period of time - Inflation and It's Effect on Pakistan Economy Essay introduction.

Aug 14,  · Economic Crisis in Pakistan In 21st century economy is taken as ‘Religion’. It is the blood in the veins of nation state, vitality in the human muscles, base for brutal wars and a reason for governments to rule. Pakistan’s economy has been ragged by two back-to-back crises.

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Economy Of Pakistan Essays