Anomalies of Economic Liberalization

U.Azhar Thanks for article , i learned some intricasies of economic Liberalization , you have explained difficult subject in simple words.

Economics and state public policy are not exclusive.
Following questions came to mind. Most western economies are efficient , they use man power efficiently , they prodce value addition by skilled labor , they do with less numbers. Does efficient economies have to be harsh? I am told in USA if not needed even high officer will be fired. It will not happen in Karachi, companies carry deadweight , people are employed in companies out of mercy as woman is widow , some bodies father died , Even big contractors do not let go poor labor for he has mercy and unsaid responsibility. ( Sure some lazy people take advantage of situation. Some people feel company is there to have him job and not other way).
Is economy of USA is very efficient and to have effciency it has to be harsh economy ( hire and fire) ?
Do all countries who have good economy are harsh on People ?

Economic lib. , Economy has three parts producers, people who make and Capital and consumers. The capital has been flowing freely in recent years like water finds steepest gradient , capital is flowing where there is maximum return.
Is it incomplete picture as labor has no right to migrate where are jobs due to national boundaries.

This will lead to slow transfer of wealth from rich to poor countries like india and China and will western working class is permanantly at loosing end as pay scales are skew beyond anybodies limits. ( A ceo of former american integrated steel company said, Steel production is not viable in long terms as even if our workers work free still their Medical costs are more than china steel worker )

Man makes dam , it is just temporary arrangement finally dam get filled ( one can manage little with engineering to extend life). One can sit and train and walk in opposite direction to train still you are carried forward , this new flow of transfer of capital searching for highest return will lead to skill transfers for more terurn and leading to more equitable wealth distribution ?

Good night

The author argues, "These issues aside, when these people return they will not find the research institutes of the caliber they used to work in developed countries. No surprise, a proportion of them would initiate efforts to go back; a proportion become typical shirking worker and a proportion only could manage to do the routine work appropriately."

You have left out the best option for them, which is to establish their own R&D facilities, offer to do research based on their unique skills and help grow the R&D and industrial base in their countries of origin.

This is how knowledge has always spread, most recently to China and India.

Riaz Haq, PakAlumni Worldwide