NOT the world, only a handful of countries in north America, Europe and east Asia are entering into 4th industrial revolution and they don't give a damn about the industrialization of the rest of world. The word "revolution" is perhaps wrong in this case but Pakistan indeed need to accomplish the "first phase of industrialization" before trying to jump in the 4th phase of industrialization. Pakistan is a third world country and it should accept that reality rather than getting into wet dreams of entering into 4th phase of industrialization.I think its too late to enter into 1st industrial revolution as world is entering into 4th industrial revolution.
The whole story of China's industrialization success in the last 30 years is based upon copy/paste approach, there has not been even a single worth mentioning "innovation" that has come from china in the last 30 years but still they have accomplished the 1st and 2nd phases of industrialization. What does that tell, it simply tells that a third world nation like Pakistan doesn't need to get involved into wet dreams of becoming "leader of industrial innovations", it just needs to learn the skills of copy/paste and reverse engineering of "existing technology" rather than wasting the precious energy of its existing and prospective workforce into "developing innovative technology" to impress some "gora sahab" in USA or UK which has been the mindset of lowlifes that have been making various policies of Pakistani state for decades.Agreed. The point that Azad was making in his YouTube videos was that China didn't become an industrial superpower by opening universities all over China and churning out worthless degrees. China became an industrial superpower by opening vocational education/technical training institutes that gave rise to skilled workers which in turn made China what we see today.
The problem with Pakistan is that there are too many universities churning out tons of degrees which have no value in real life. Just a useless piece of paper. The graduates do not have the skill which is needed in real life.
To become an industrialized nation, we need to reduce universities and exponentially increase vocational educational institutes all over Pakistan.
I am not an expert in economy/finance but I have read some books on industrialization especially regarding the rise of China as an industrial superpower. The graduate to skilled worker ratio in China till early 90's was much much lower than today; while number of graduates started increasing as China was about to enter second industrial revolution in late 90's. Whereas in Pakistan there are more graduates than the skilled workers. And we are not even an industrialized nation.
Pakistan hasn't even fully activated the first Industrial revolution which generally means to become a manufacturing hub of textile manufacturing and light consumer goods.
Then comes the second industrial revolution which is to become a manufacturing hub in heavy manufacturing i.e. automobile, ships, high peed rail, energy, chemicals etc.
More universities are only needed when a country is entering the second industrial revolution. We are nowhere near that.
What we need is to open more and more vocational training institutes.
@Mangus Ortus Novem