Pakistan can become the world's 18th largest economy by 2050 Jim O'Neill Might be true

[proud_indian]

 

[Michael Corleone]

Jim O'Neill is famous for coining the term BRIC - Brazil, Russia, India and China in 2001, analyzing their potential to become the world's most powerful economies.

Now he has come up with a new term MINT - Mexico, Indonesia, Nigeria and Turkey, projecting their economies to see the strong growth in the coming decades.


According to his projections for 2050, Pakistan would become the 18th largest economy in the world by 2050 with a GDP of US$3.33 trillion (almost the same size as the current German economy).

http://www.dawn.com/news/1081336

We all as Pakistanis know the potential that our Country has,Even in the darkest times we believed in a better tomorrow,Call ourselves lucky for having one of the most cultivable land on the planet and having an immense economic potential.
Many Pakistanis don't know that despite the 5.5-6 percent growth rate this year Pakistan is among the fastest growing economies in the world.
See how much difference can one or two years make.
In 2014 and before we just got used to for reading the worst news coming out about our Great country and its economy in particular,Many articles we've read by foreigners and countrymen alike that the economy of Pakistan will collapse blah blah.
But here we are today.
We all need to work together and come out of our little stupid differences,We all need to walk on the path of sustained democracy ,Many of the PTI- PMLN people and other parties blame democracy for the ills of our country.
Lets just close our eyes and continue on the path of democracy ,because that is the simple thing that founders of our country wanted us to do,if we choose dictators or others over this then we're just trying to ruin the memories and sacrifices of our own country and its great leaders (THUS) making Pakistan a pariah and artificial state that disowns its own history.
As democracy strengthens,The state institutions disintegrate from unnecessary concentration of powers,In return those institutions straighten overtime and problems like corruption/favoritism are resolved automatically.
Maybe Pakistan does not have the economic hegemony of India where it has forced itself on smaller states like Nepal and sri-lanka Thus benefiting from them enormously.
But here's my promise Pakistanis (Nobody can stop us from our destiny of becoming the 18th largest economy in the world except ourselves).
Let's learn from our history and the wounds that our father-land carries ,Let's look at why Bangladesh happened and be proud that our History gives us so much Wisdom.
Lets not disrupt our democratic system ,IT IS NEVER THE SYSTEM THAT HAS TO BE CHANGED,It is always what can be done to improve the system,It is always what can be done to avert the shadows so that we can see a better-tomorrow.
As economy improves and state Institutions are strengthened these little problems of corruption etc will automatically be solved as Inflation will also be stabilized.
This news is from 2014 when CPEC had been proposed a month earlier and that's when Jim O'neil gave these predictions but as recent development and praises to the economy by forbes and Economist (It seems likely that we can become the worlds 18th largest economy),So far he has predicted the rise of BRICS and it has happened and every report about Pakistan's economy supports his conclusion.

Discussion- (Can Pakistan become the worlds 18th Largest Economy by 2050)?
PS: I know the news is old and has been shared on Defencepk but lets discuss what are the chances?

you know if we can forgive and move on... BD and pak has lot of potential of trade and moving across the table faster!

 

[qamar1990]

Jim O'Neill is famous for coining the term BRIC - Brazil, Russia, India and China in 2001, analyzing their potential to become the world's most powerful economies.

Now he has come up with a new term MINT - Mexico, Indonesia, Nigeria and Turkey, projecting their economies to see the strong growth in the coming decades.


According to his projections for 2050, Pakistan would become the 18th largest economy in the world by 2050 with a GDP of US$3.33 trillion (almost the same size as the current German economy).

http://www.dawn.com/news/1081336

We all as Pakistanis know the potential that our Country has,Even in the darkest times we believed in a better tomorrow,Call ourselves lucky for having one of the most cultivable land on the planet and having an immense economic potential.
Many Pakistanis don't know that despite the 5.5-6 percent growth rate this year Pakistan is among the fastest growing economies in the world.
See how much difference can one or two years make.
In 2014 and before we just got used to for reading the worst news coming out about our Great country and its economy in particular,Many articles we've read by foreigners and countrymen alike that the economy of Pakistan will collapse blah blah.
But here we are today.
We all need to work together and come out of our little stupid differences,We all need to walk on the path of sustained democracy ,Many of the PTI- PMLN people and other parties blame democracy for the ills of our country.
Lets just close our eyes and continue on the path of democracy ,because that is the simple thing that founders of our country wanted us to do,if we choose dictators or others over this then we're just trying to ruin the memories and sacrifices of our own country and its great leaders (THUS) making Pakistan a pariah and artificial state that disowns its own history.
As democracy strengthens,The state institutions disintegrate from unnecessary concentration of powers,In return those institutions straighten overtime and problems like corruption/favoritism are resolved automatically.
Maybe Pakistan does not have the economic hegemony of India where it has forced itself on smaller states like Nepal and sri-lanka Thus benefiting from them enormously.
But here's my promise Pakistanis (Nobody can stop us from our destiny of becoming the 18th largest economy in the world except ourselves).
Let's learn from our history and the wounds that our father-land carries ,Let's look at why Bangladesh happened and be proud that our History gives us so much Wisdom.
Lets not disrupt our democratic system ,IT IS NEVER THE SYSTEM THAT HAS TO BE CHANGED,It is always what can be done to improve the system,It is always what can be done to avert the shadows so that we can see a better-tomorrow.
As economy improves and state Institutions are strengthened these little problems of corruption etc will automatically be solved as Inflation will also be stabilized.
This news is from 2014 when CPEC had been proposed a month earlier and that's when Jim O'neil gave these predictions but as recent development and praises to the economy by forbes and Economist (It seems likely that we can become the worlds 18th largest economy),So far he has predicted the rise of BRICS and it has happened and every report about Pakistan's economy supports his conclusion.

Discussion- (Can Pakistan become the worlds 18th Largest Economy by 2050)?
PS: I know the news is old and has been shared on Defencepk but lets discuss what are the chances?

i got a feeling we will be there before that.

 

[khanz]

Pakistan population is well over 200 million now days yet it is 40 something in GDP at moment even lower than tiny countries like singapore and israel. If the population continues to become more literate and educated the potential is definitely there.

 

[Kyoto]

Pakistan population is well over 200 million now days yet it is 40 something in GDP at moment even lower than tiny countries like singapore and israel. If the population continues to become more literate and educated the potential is definitely there.

Pakistan will pass $300 billion nominal and $1 trillion GNI this year although this is not even accounting the huge informal economy. If Pakistan can maintain the momentum it should start growing at 7-10% again. The $3.3 trillion figure is based on only around 5% growth if Pakistan can grow faster it can achieve $4 trillion + easily but there are many problems to overcome. Pakistan still has a smaller workforce than Bangladesh I believe atm.

 

[BetterPakistan]

@war&peace @farhan_9909 @Northern @Zaki @RiazHaq

In this term "BRIC" Jim O neil stated that Pakistan GDP will be $3.3 trillion in 2050 ad he also stated that Pakistan GDP per capita will be $20,500 so it means Pakistan population in 2050 will be 160.975609 million as per Jim O Neil, what is your views on it?