Matsui thank you very much for proving my point, though i didnt know anything about India becoming an automotive spare parts hub. China established EPZ in the 80s, followed by policy reform after 85. All the industries were geared to exports with no local content rule.
South Africa followed a similar example. Matsui it has a high industrial basis. Why? Because companies invested and created it. Until the early 90s' very few companies invested in South Africa and of course they had no car industry. Yet now they manufacture BMW and Mercs. Why is that?
You provide the incentives for MNC's and they will bring the industrial basis. That is what happened in South Africa and most of the ASEAN nations.
Lastly i was not comparing India to Pakistan or vice versa. It would be stupid to do so. What i was refering to that Indian exports were being hurt badly by the new GSP the EU have in favor of pakistan as both nations compete in the virtually the same markets. Pakistani products were being favored compared to indian products. This has been brought to the WTO DSB. That is what i was talking aout.
I am not sure about Pakistan's favorable status over INdia in the Eu as a trading partner. It might be in certain industries. But in the aggregate, there will always be more investment in India just because of the more investment friendly environment. (I just helped you in another one of your points). Growth through FDI is only a teeny portion of the development situation. Long term sustainability like the EU and the US is less dependent on FDI than on internal consumption driven GDP growth. Too much reliance on FDI can quickly cause deflation as capital adequacy is affected during lean global times. Japan, being a good example.
CHina is about to find out what the above means. As it deregulates the financial services sector. It;s illiquid markets and $600 Billion in NPA's are a big gorilla sitting on their backs. This is because FDI driven growth doesn't need liquid markets and internal free flow of capital. This is what Pakistan has to guard against.
It is only favourable in around 40 odd product groups or tariff bindings. It isnt all industry wide, but geared to our main exports. It is for our benefit. If it is geared to our main exports, india's main exports are also losing out.
My point or your point. What is right is right. It doesnt matter who says it. South Africa created an industrial base through FDI. For limited and weak economies, esp. regarding internal consumption and spending you need FDI to create the ability for people to buy more or save more which ever happens.
If a MNC sets up, the wages are normally just a little bit higher, more regular and for a longer period. Once an MNC does that others will follow suit. That is what happened with Costa Rica and the Intel plant. Anyway simplifing this extremely, FDI means better economy or more productive economy to an extent.
Long term sustainability at the level of the EU or US is not possible for pakistan so why even bother. As for China, everybody knows there will be growing pains esp. when they deregulate and try to invest in other places than their major commerial cities. That is all i am gonna say because i dont know China very well and it seems to be the exception to every economic rule or model out there.
This is why i am using South Africa as a case. Because there are were Pakistan should be right now.
NYA let the boys that know some economics talk while you go look at your pigeons outside your window. This is a big boys club. And you dont fulfill the requirements.
[QUOTE]
*Originally posted by Zakk: *
ChP: I was actually indirectly referring to the fact that many MNA's in the present government are hopping mad at why Shaukat Aziz was taken along to what was the most high profile trip in a Pakistani presidents recent history.
[/QUOTE]
Who cares about the MNA's. When was the last time any single one of them cared for us?
Anyhoo, I think its a good move to take along your Finance Minster by the President. Did you count the number of Businessmen and Commerce ministry officials Turkish PM brought with him? I think FM should accompany the Pres. on every tour.
[QUOTE]
*Originally posted by Matsui: *
Imagine the alternative if Musharaff didn;t take the courageous step and turn the policies 180 degrees. You would have had US South Asia SUpreme Commander sitting in Islamabad.
He has shrewdly balanced unpopular sentiments with the correct policies. You have to commend him for that.
[/QUOTE]
I don't consider mosharraff courageous i consider him a coward.
The person who is courageous is the one who has honour and does'nt sell his country down the river in the face of a colonial power!
Are you happy with 44 FBI/CIA offices in pakistan, how about the borders of pakistan now unsecure or what is your view on pakistan and its nuclear weapons program put to a virtual halt by outside pressures. Not even going to mention the 30+ fighter planes its owed!
ak47, who would u consider courageous then?
ppl who are hiding out in other countries and yip yapping?
ppl who hold rallies everyday and incited ppl to go and fight but never asked their kids or bnothered top go themselves?
:)
courage is also measured in making the correct decision even under close scrutiny and emotionally charged sentiment.
[QUOTE]
*Originally posted by Faisal: *
Musharraf is getting more popular amongst over-seas Pakistanis (who are more likely to be educated, knowledgable and opinionated)
[/quote]
Another reason I must say, Mush is popular among over-seas Pakistanis is 'cause Mush Govt. unfroze foreign accounts, which was frozing by Mr. Sharif for the construction of Rai-Wind. Have a look at the remiantence(sp?) figures, I think they are much higher than they were 8-10 years ago. I've no fear left to send money(dollars) to Pakistan.
[QUOTE]
*Originally posted by Fraudz: *
ak47, who would u consider courageous then?
ppl who are hiding out in other countries and yip yapping?
ppl who hold rallies everyday and incited ppl to go and fight but never asked their kids or bnothered top go themselves?
courage is also measured in making the correct decision even under close scrutiny and emotionally charged sentiment.
[/QUOTE]
Yeah ur right some are yip yapping in the United States while others are in pakistan dealing the problems of the ummah first hand hmmmm wonder which camp ur in
Yeah ur right some are yip yapping in the United States while others are in pakistan dealing the problems of the ummah first hand hmmmm wonder which camp ur in
[/QUOTE]
ooh "yip yapping" ...good to see you are using my lingo now :)
so those who are not in the country are not doing anything useful?
kewl
I am sure HT and mohajrioun type ppl will be on your case now :)
P.S. Did you factor in those in Pakistan who are solving thr problems of teh Ummah by gunning down ppl from other sects? sunni idiots liek sipah e sahaba and shia idiots like sipahe muhammad? :) just checking
P.S. 2 You forgot to answer howcome MMA leaders' kids are chillin in teh west while they send other ppls kids to fight on their behalf..and not even go themselves. I guess they are yip yapping and just using others as pawns eh?
I saw Musharraf's interview in France today and have to say I am more impressed than ever. The guy is cool as a cucumber and doesn't give an inch on points of principle while at the same time offering genuine solutions and practical approaches to problems facing Pakistan AND the rest of the world today.
easy way out
btw dinn someone from MMA just go to France?
I was commenting that by your token that ppl who are not in the country are not doing jack, your beloved HT is not really in most of teh countries theyw ant the change in
MMA? what the MMA got to do with anything you label anything that suits yous fancy you living in yankee doodle dandee land and lecturing me on the west
You must be the HT publicty machine because you got nothing else to talk about why you worried if they in 50 countries if was nowhere you would’nt even mention them.
Remind you again the topic is Musharraff in USA where he is selling pakistan to the highest bidder hmmmmm and also welcoming ISrael with open arms like a long lost brother astagfirullah
:yukh: :yukh:
