World Bank places Pakistan 48 positions ahead of India for Ease of Doing Business

[qsaark]

I am not interested in educating you.

Who is asking you? First educate yourself to control your emotions, than talk about 'educating' others.

na haath bag per hai, na paa hai rakaab mein

 

[TechLahore]

Who is asking you? First educate yourself to control your emotions, than talk about 'educating' others.

na haath bag per hai, na paa hai rakaab mein

Says the guy that flew off the handle... If you can't deal with getting better than you give, then too bad. I wasn't the one who engaged you to begin with, and have no interest in doing so now.

 

[desiman]

Says the guy that flew off the handle... If you can't deal with getting better than you give, then too bad. I wasn't the one who engaged you to begin with, and have no interest in doing so now.

What qsaark said was very right and you must respect his seniority on this forum. Secondly you took at dig at India indirectly in your post and that is what i was after. Your description and criticism of protectionism and capital flows was way off and my point was to educate yourself on such big economic concepts before you challenge someone over it.

 

[TechLahore]

Your description and criticism of protectionism and capital flows was way off and my point was to educate yourself on such big economic concepts before you challenge someone over it.

Care to explain how or why? Or you just saying it makes it gospel?

If you disallow people from repatriating capital, they will think twice before putting the money in. Do you disagree with that?

 

[Cheetah786]

The only reason I'll not invest with you is, your mathematical notation is incorrect; 000000000.1 is no number, 0.0000000001 is a number.

Let me answer you this way DAhhhhhhhhhhhhhhhhhhhhhhh Really thats what you found wrong with that statement Brilliant thats all i can say.


since you are in USA here is an example for ya lets stick with drugs.

Drugs are about 50 to 60% cheaper to buy in Canada then they are in USA are you telling me Americans do not no what they are doing even though American currency is higher value then Canada.

Indian drugs are cheaper to buy then Pakistani look at the value of Indian rupee compares to Pakistani against the green back but hey whatever gets your MoJo going.

 

[karan.1970]

lets stop fighting over this guys.. Ok, lets agree that its easier to do business in Pakistan than it is in India. Which is actually an opportunity for Indians. If despite making it so tough to do business in India, we are able to grow at 7-9 %, imagine what can happen if we make it easier...

Pakistan in turn needs to introspect that despite being so much better than India in terms of ease of setting up a business, why is it finding so difficult to grow in last few years. I know there is a war of terror going on, but Pakistan needs to fix that to get back on the horse.

 

[Nemesis]

It is because when Indians get into business deals with the foreign investors, they make sure that the deal will result in the benefit of their country and their people. Whereas in Pakistan, such deals ONLY result in the benefit of the foreign investors and the few government officials involved in such deals.

I understand what you're trying to say qsaark, but you're giving us way too much credit. Not all foreign investments made in our country benefit us. In fact, most end up hurting us. See Enron's investment in Maharashtra and the Bhopal Gas tragedy as examples.

As far as these rankings are considered, they are meaningless. The world bank comes out with these kind of rankings every few months or so to put pressure on "closed economies" to open up. It is a standard capitalist tactic.

 

[qsaark]

Techlahore,

Our colleague Qsaark does it out of habbit. It is not intentional---it is like a knee jerk reaction that happens instantaneously---which, otherwise means that he shoots first then he starts thinking.

And so do you; this was none of your business, yet you are poking your snout in it. Apni gardan mein sey TT ka sarya nikalein. Firoun ban kar nahin, insaan ban kar baat karein; Insan ban kar baat karein gey to insaanon waala jawab miley ga, Firoun ban kar baat karein gey, to Musa wala jawab miley ga.

 

[qsaark]

Let me answer you this way DAhhhhhhhhhhhhhhhhhhhhhhh Really thats what you found wrong with that statement Brilliant thats all i can say.


since you are in USA here is an example for ya lets stick with drugs.

Drugs are about 50 to 60% cheaper to buy in Canada then they are in USA are you telling me Americans do not no what they are doing even though American currency is higher value then Canada.

Indian drugs are cheaper to buy then Pakistani look at the value of Indian rupee compares to Pakistani against the green back but hey whatever gets your MoJo going.

Drugs are expensive in US because the Drug makers dont want to loose a dime in their profit and they have full support from the Congress and Senate because the Congressmen ad Senetors rely on the donation money from big businesses in the Election. Drug prices have very little to nothing to do with the US and Canadian currency for which difference is already very low.

1 Canadian dollar = 0.974374 U.S. dollars (March 08, 2010)

 

[qsaark]

I understand what you're trying to say qsaark, but you're giving us way too much credit. Not all foreign investments made in our country benefit us. In fact, most end up hurting us. See Enron's investment in Maharashtra and the Bhopal Gas tragedy as examples.

It looks like I am giving way too much credit to India but in reality I am only criticizing how things happen in my country. As you have said, there are problems with India, and India is not alone, all the countries have some problems here and there. But Pakistan is a unique case (or maybe some most corrupt African countries are worse) where there is no law, no welfare for the Pakistani people and anybody with some money can get away with just every crime. Many of my family members are business, and I have seen how they have minted money, this is only possible in Pakistan. You know my concern; I had to talk about India because India was dragged into this whole thing unnecessarily.

This is our national habit that we drag India into every thing where we can find some fake satisfaction. Whenever utilities get expensive in Pakistan, from the finance minister to the Prime minister compare the prices with that of India; totally ignoring the fact that in India people can still afford but what about Pakistan? The problem is with our national psychology and this problem is needed to be fixed ASAP. This attitude of us has taken us no where in the past sixty years, and it is not going to take us anywhere in the next how many years.

 

[Cheetah786]

Drugs are expensive in US because the Drug makers dont want to loose a dime in their profit and they have full support from the Congress and Senate because the Congressmen ad Senetors rely on the donation money from big businesses in the Election. Drug prices have very little to nothing to do with the US and Canadian currency for which difference is already very low.

1 Canadian dollar = 0.974374 U.S. dollars (March 08, 2010)

Its called free market thats why most companies invest heavily in USA as it gives them maximum Bang for there buck.

R&D cost a lot for a new drug no company will invest large sums of money in a country that will inhibits them from making their money back as there is only 20/years allowed for patent after it expires generic manufacturer start manufacturing it
if the USA government dosent allow that they will simply not invest in it.
Most generic brand manufacturers simply do not invest any thing in R&D so they can produce it for a lot less.



Live rates at 2010.03.08 15:19:03 UTC
1.00 INR = 0.0219660 USD
India Rupees United States Dollars
1 INR = 0.0219660 USD 1 USD = 45.5250 INR

1 Chinese yuan = 0.146492 U.S. dollars


Live rates at 2010.03.08 15:20:03 UTC
1.00 PKR = 0.0118399 USD
Pakistan Rupees United States Dollars
1 PKR = 0.0118399 USD 1 USD = 84.4600 PKR
There is your price difference among Pakistani drug manufacturers and Indians.


Only reason as i have said before Investors run from Pakistan is security situation our financial center Karachi has been used by Most political parties for there personnel gains and after that we have the ongoing situation once these problems are under control GOP policies will make Pakistan a very attractive place to invest.

Chinese aren't letting there yuan appreciate against the green back as it will make their products less attractive to consumers Indians are so far heavily subsidizing their products but are letting the rupee appreciates against the American dollar sooner or later both governments will have to face the music.

 

[desiman]

Care to explain how or why? Or you just saying it makes it gospel?

If you disallow people from repatriating capital, they will think twice before putting the money in. Do you disagree with that?

Explaining long and detailed concepts such as the flow of capital etc is too much to write in one post but let me give you a brief summary. The implications of capital mobility for growth and stability are some of the most contentious and least understood contemporary issues in economics First of all India is not closed economy. India follows a very mixed pattern with certain sectors being more open than the others. 2 major reasons for that are –

• Helping local companies grow first
• Keeping capital flowing within the country.

If you research the history of the United Sates, you will find that up until the early 1900’s, even the US was a very mixed economy with more stress on government control. But after the bank overhauling and market restructuring in the early 1900’s, the economy shifted to more open or free market style. As president John F Kennedy had once said, when you give the power to the corporations, the people loose out. You argument that people will not invest if the laws are tight is partially correct but its also depends on many variables. If the investment environment is favorable and offers good return then investors will come no matter what. Yes one can say that a more liberal economic structure encourages investments but it also encourages failures and a higher risk ratio. With no control on who invest where, the amount of failures is bound to go up which is quite evident from the condition of the markets in the western nations. Again I do not want to write an essay but the fact of the matter is that investment comes in regardless of the laws in place, until and unless a favorable investment portfolio is present. International financial liberalization, like other forms of economic liberalization, can positively affect the efficiency of resource allocation and the rate of economic growth. But analyses of both recent and historical experience also show an undeniable association between capital mobility and crises, especially when domestic institutions are weak and the harmonization of capital account liberalization and other policy reforms is inadequate. And it is up to policy designers to form such laws that encourage growth as well as manage capital inflows meaningfully. More money is not always good. My minor was economics at University so I can go on and on.

 

[qsaark]

R&D cost a lot for a new drug no company will invest large sums of money in a country that will inhibits them from making their money back as there is only 20/years allowed for patent after it expires generic manufacturer start manufacturing it
if the USA government dosent allow that they will simply not invest in it.
Most generic brand manufacturers simply do not invest any thing in R&D so they can produce it for a lot less.

Luckily or otherwise, I am in the field of R&D and myself have three independent US patents. How R&D works, what are the IPR issues, how investment is recovered withing first 20 years etc. is all I am aware of in and out. Based on my own experience, and from what I have gained from meeting the big sharks and the small sharks (investors), I am repeating again, the prices in US are high because the manufacturers do not want to lower their profit and in US it is possible because of the ******* health care and extremely cruel insurance businesses, both patronized by the politicians. Now, you are free to disagree.

 

[Cheetah786]

Luckily or otherwise, I am in the field of R&D and myself have three independent US patents. How R&D works, what are the IPR issues, how investment is recovered withing first 20 years etc. is all I am aware of in and out. Based on my own experience, and from what I have gained from meeting the big sharks and the small sharks (investors), I am repeating again, the prices in US are high because the manufacturers do not want to lower their profit and in US it is possible because of the ******* health care and extremely cruel insurance businesses, both patronized by the politicians. Now, you are free to disagree.

You are just repeating what i am saying at the same time disagreeing with me.

I am now starting to understand Mastan Khans famous words

 

[qsaark]

You are just repeating what i am saying at the same time disagreeing with me.

I do not think so. You said "R&D cost a lot for a new drug no company will invest large sums of money in a country that will inhibits them from making their money back as there is only 20/years allowed for patent after it expires generic manufacturer start manufacturing it if the USA government dosent allow that they will simply not invest in it". My English might not be that good, but from your statement, I understand that you are saying something like this:

The US government allows them to set the price so the investors could recover their investment.

And I am saying:

They are not only recovering initial investment but making lots of money on top of it and the American government lets them get away with it because the politicians depend on their donations during the election campaigns. Its not about making profit, but unlimited profit which is wrong.

I am now starting to understand Mastan Khans famous words

Good for you. Mureed ho jao Mastan saheb key. Aisi cheezein unhein bohat pasand hein.