The Myth of Growth:Pakistan's Lost Opportunity

I don`t think you understand economics. Pakistan is doing extremely well.

Question:

I agree with your thesis that whole economy and society is being restructured on debt/credit based consumerism, but this windfall of money that created this mode of consumerism was a result of exceptional circumstances (9/11 and aftermath); the question is, what will happen when these exceptional circumstances will cease to exist. How will consumers pay off their debts? It was one thing to steal money from people of Pakistan but it is quite another stealing from global soodkhors.

I do not see any way out of this inevitability except that GOP would have to imposes an extremely cruel tax system or decalre war on Iran alongwith USA to create another set of exceptional circumstances.

Also, do you think propping up SBU`s by synthetic valuations and infusion of capital is a good strategy? WHy not let the market determine the price and then see which SBU`s can be maintained as gov`t holdings. Selling off NPA`s is not bad, raising capital by selling of assets which can benefit from foreign investment-strategic or other..is a good thing as it usually brings knwhow, efficiencies and expertise into bureaucratic organizations. I htink if you look at Brazil`s experience in divestment of SBU`s and compare it to China it will give some idea of how to monetize correctly. China still has close to 35% of GDP in NPA`s tied up in SBUs.

thanks,

CH

What does his asinine comment in another thread have to do with his obvious knowledge about economic and financial affairs of Pakistan? It seems to me, Saminasha, that while you do have his ability to post offensive comments, you are no where near in topical understandings to warrant a FP publication. Instead of derailing his thread, try improving your writing capabilities. I will give you a topic. ``Failed Union leaders: Toussaint spends 10 days in jail``-Discuss

Zeemax uncle, Question re: consumption vis-a-vis self reliance...I am assuming that self reliance means having the resources, capital, man power along with resources of the natural kind combined with a kaleidoscope of comparative advantage to maintain sectoral driven growth. If I am mistaken, please do advise.

Also, I think you have articulated what the problems are quite clearly...what do you tink is the solution?

Amazing.

Last week on J. Saidullah`s FGM thread, Zeemax referred to women`s ``clits`` being ``chopped off``. After a short banning period, here he is today on FP.