Re: HOW WELL HAS PAKISTAN DONE?
There is no mix up. The entire offshoring business is based on wage arbitrage which inturn is based on significant difference in purchasing power of currencies. One can live and survive making $100 monthly in some countries whereas in NYC that will take you through may be a 2 days.
:halo:
what else can we call it when you state that we should ignore all rational measures of economic development and come up with a useless number such as annual budget? You do realize that annual budget is a directly controlled number? Musharaf and a couple of others can simply decide to have a 3% deficit budget or a 8% deficit budget - you still think that will then be an indication of economic development?
I am btw all for simple ‘eyeball’ and ‘feeling’ tests; but even that should follow some reasoning. For example if you say “I ate 3 eggs for breakfast and was able to do twice as much normal work” there may be a possible connection. But if you simply say “I ate 5 eggs for breakfast” it doesn’t inidicate anything about your physique or ability to work/produce.