Peace be there
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- Aug 10, 2020
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Economic growth is driven by a combination of population growth with human development, assimilation and development of technology (ie. industrialization, robotics, etc), and good financial policies (strong savings, efficient allocation of capital, sound monetary and fiscal policies).expand...
Pakistan has struggled in all these areas. I would say most of past growth has been driven by population growth with some low level human development with some low level assimilation of technology.
Financial policies have been a complete disaster. Too much influence by incompetent politicians (both PPP and PML) and indifference by past military leaders (with the exception of Ayub Khan). Hopfully PTI, SBP and COAS can work together toward sustainable economic growth.