No country can keep herself in isolation in world . In 1977 , I had traveled from Moscow to China by train and seen terrible poverty in country because Mao china was living as a isolated country in world ,China was most backward and underdeveloped country at that time . Only foreign countries investment has changed the destiny of china and country become the economic superpower in 34 years .The same situation was with India . In 1991 ,Mr. Mon sigh become the Finance Minister of India and i had heard his speech in budget session of parliament in which he said that if India would not change her economic policy from state own to investment friendly ,the country would not be able to compete with rest of world . India has changed her economic policy and now, she has become a powerful country in all fields when we compare between India and Pakistan . Everybody knows that Brazil, Russia ,India ,China and south Africa has raised a new Bank named BRICS in which these countries will contribute funds and its Head quarter would be in China .This bank would provide loans to third world countries for their development like IMF. Everybody is saying that Pakistan is rich country ,but nobody think how to develop it . Pakistan can only develop with foreign investment and with continuity of political stability ,no other way . China developed, due to continuity of economic policy by Communist Party of China / political stability , India developed due to continuity of democratic process and economic policy /political stability , Brazil and South Africa has adopted same paths . Why Pakistan was not able to achieved what her neighbour has already achieved ,it is because of involvement of undemocratic forces in political process ,conspiracy against elected Governments and frequently changes in economic policy .If policy makers, political leadership ,civil/military bureaucracy have not change their behaviour toward country , then nation must be ready to face unpredictable consequences in near future .
Posted on: Fri, 05 Sep 2014 05:39:42 +0000