[QUOTE]
*Originally posted by Matsui: *
.....India, it was the congress led economic policies for 37 years, until 1991.
.....In pak, it is the army that is to blame. ....
[/QUOTE]
Right about Bharat.
Wrong about Pakistan. Pak-Army did try to keep the country as market-friendly as possible. Pakistan gained tremendously from the entrepreneurship until all hell broke loose during Bhatto-MAToo regime. This epitome of Show-Shaw-lism wrecked unbelievable havoc with Pak economy.
The second havoc was wrecked by another Show-Shaw-list party, this time limited to Karachi. This group of anarchists totally broke the back of hard working people of Karachi. For Bharatis not familiar with Pakistan, I’d say Karachi just like New York, was the center of trade for the whole country. The fascists and the Mullah cabal turned it into the killing fields.
Hopefully the bad days are behind us. Karachi again is a city of lights, and a destination for the young throughout Pakistan. Mantra these days is “Go South young man, go South”. The process will be even faster when Gawader becomes fully operational.
You talk about availability of capital in Pak. Bud! You need to make a trip across the border. Check out the economic activity and dynamism exhibited in Lahore, Karachi, Faisalabad, Gujranwala, Wazirabad, and Sialkot.
The shining example is the city of Sialkot where bunch of entrepreneurs with access to capital, took the city away from the Feds and completely turned it around. Sialkot city roads are much better now. They are building probably the first private international airport in the region (under cost and under budget).
Just stand at the Wagah border and compare the Bharati side with Pak side. You will see how the Pak side is much more Urban and developed.
Hopefully soon, Pak farmers and entrepreneurs will get rid of this Show-Shaw-list MAToo crowd.