Are you out of your mind? Exports in Pakistan are on a decline, cotton no longer sells like it used, thanks to the other markets. And as for your silly argument, any dunce will tell you that the way our imports went up vs the decline in exports is a bad sign. Just look at that curve. This is like that joker Shortcut aziz posting a high growth rate without realizing the country has no power! Ofcourse, those that created this mess ran away, and the remnants of this mess will be long gone before this bubble bursts. You quoted the example of the US, check this out:
*Economists believe that GDP and employment can be dragged down by an over-large deficit. Those who ignore the effects of trade deficits may be confusing the David Ricardo’s principle of comparative advantage with Adam Smith’s principle of absolute advantage, specifically ignoring that latter. The economist Paul Crag Roberts notes that the comparitive advantage principles developed by David Ricardo[ (NIIP) (-24% of GDP), high trade deficits, and a rise in illegal immigration These issues have raised concerns among economists and unfunded liabilities were mentioned as a serious problem facing the United States in the President’s 2006 State of the Union Address.*](“http://en.wikipedia.org/wiki/Trade_deficits")]("http://en.wikipedia.org/wiki/David_Ricardo”)