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Being judgmental would be to judge any military action by Japan against the U.S. a disaster considering the vast difference in industrial capabilities between the two nations. The presence of American carriers in pearl harbor would have made for high value targets but simultaneously would...

India's acquisition of nuclear submarines for second strike capability is a misnomer. The true purpose of such a force is power projection, a hedge against an underperforming ICBM program by the Indian navy. It would allow Intermediate range ballistic or cruise missiles to project Indian power...

While the Japanese attack on Pearl Harbor and eviction of U.S. forces from Philippines is considered a disaster in terms of strategy, I will argue that Japan may have waged a more effective war considering her special advantages and weaknesses. The use of force against the United States in the...

While Pakistan itself may be unable to afford aircraft carriers, India does and seeks to dominate the seas west of Pakistan virtually crippling the nation of trade during war. Land based anti-ship missiles would be rendered irrelevant with limited range against such a blockade. Excessive focus...

Classifying some industries as real and others not is fraught with dangers. It is typically utilized by sections of the business community in lobbying which results in usually inefficient subsidization and selective protection. The communication industry is essential in any modern economy, it...

The raising of an airborne division if true represents a serious misallocation of resources. Such a force would be of marginal use against India in a conflict due to the significant air defense assets that the Indians employ. In the tribal regions it represents a stop-gap measure that prevents...

Secretary Gate's suggestion for a pre-emptive nuclear strike is aimed primarily at China. In a scenario of nuclear war against Russia, the vast number of Russian ICBM's ensures a credible second strike capability. Against the emerging nuclear capabilities of nations such as India, Pakistan...

Pakistan labors under a heavy defense budget that consumes close to five percent of GDP and the lion's share of government spending. This prevents the nation from undertaking serious poverty reduction and education spending programs. The use of conscription while falling into disfavor globally...

The great depression in the U.S. occurred during a period where the monetary and fiscal authorities were reluctant to act. The collapse of major banks entails a contagion risk whereby a run on all banks might occur. This would feed into the general economy due to the fact that banks play a...

The most pressing economic issue is the rate of inflation in Pakistan. The government's increase in spending is pushing the economy against its productive capacity. In turn this is leading to the central bank in pursuing contractionary monetary policy. This is a sub-optimal outcome because...

lol, is any1 else as crazy abt the new song by Timbaland as I [url= - Timbaland - The Way I Are OFFICIAL MUSIC VIDEO[/url]

I strongly disagree Neo, in the current situation the major increase in demand of Oil has come from China (and less so from India and Aisa in general). The increase in demand for energy in China feeds also into factories that are producing goods for the rest of the world, so while the price of...

I found a good article on child labour and it arising due to credit constraints in the market for loans for education. It is a pdf article, im wondering if there is any way to post that here? The article is "Ranjan, P. (1999). “An economic analysis of child labor”, Economics...

For the global economy, the price alone for a unit of Oil holds no significance in terms of the information it gives. What is required are the reasons that are driving the price increases, is it supply or demand driven, if it is demand driven- what are the factors driving the demand and so forth.

The reason why I particularly liked the article was because it illustrates a possibilty of war arising where both parties are rational, fully informed about the prize being fought for, fully informed about their respective cababilities. The reason I think that this is important is frequently we...

The link for the article http://www.iae.csic.es/polarization/cordoba06/slantchev.pdf its a pdf file. I thought it was a very nice article which doenst rely on informational assymetries or things of that kind and assuming rational actors on both sides. On this site and many others the problem...

While Pakistan is in need of reforms in all areas of its economy, it is ironic to hear of Kamal Ata Turk as being a role model. The "reforms" that were introduced under him did nothing to arrest the slide of Turkey from its role as a dominating force in the Middle East, North Africa and the...

Due to the social system in Pakistan (where children are expected to look after parents in old age), parent should be more than willing to send their children to school if it meant that the schooling would boost children's incomes sufficient to offset the initial cost of sending them to school...

What I want to know is the taxation treatment of natural gas in Pakistan for car usage vis-a-vis treatment levied on foreign petrol. If the reason that natural gas usage is so prevalent is due to higher tax levied on petrol, then that is a cause of regret not celebration. The reason is that it...

I disagree, it is naive to blame poverty and unemployment on the effects of usury alone. The reasons for poverty, and the inability of groups and indeed nations to escape from poverty traps is complicated and can not and should not be reduced to a single statement. "Unemployment" in its...