That is Pakistan’s status in the world economy in 2010. We are the 47 largest economy in the world. Not bad for a failed state eh?
That is taking into account PPP. We are number 27 in the world. Meaning our nationals can buy goods at a better ratio than 150 other countries in the world. Not bad eh?
From 2001 to 2009 (During the Bush administration) we got 7.9 billion in military aid and 3.1 billion in 8 years. That military assistance that went to buying US bullets, US guns, supporting US trainers in Pakistan was equal to 1 billion dollars a year. However the economic aid given to Pakistan in 8 years averaged 380 million a year. That is less than what other countries give us in grants.
Via google. Our GDP went up due to decent economic polices and increasing our exports. It did not link at all with aid given to Pakistan. Because if that is the case our GDP should not have fallen after 2005. But it did regardless of the fact that our over all aid increased in those years.
The loss of GDP growth was linked with security issues, the political crisis and the power shortages.
So please for the love of Allah do not go around spew drivel that if US aid gets cut off our economy will tank. It won’t.
For those of you who want to read more and get a better understanding of the War and Terror and our economy here are some graphs and indicators from the Brookings Institute.
Re: The Pakistani Economy is not dependent on US aid.
Disagree. If we go by that link Equatorial Guinea has a better economy than us. Considering a friend had to get medivaced out of there due to lack of a hospital to conduct an appendix surgery I highly doubt that this is an appropriate measure.
Based off the same list The Bahamas has a better and stronger economy than us.
Oh yes by the same list India is 116 and we are 125. Our economies are not comparable. India has a far more robust and vibrant economy.
Re: The Pakistani Economy is not dependent on US aid.
Absolutely in the case of the Middle east they are dependent on oil. India is not. They have a diversified economy with robust domestic markets as well as international markets for all three forms of production, including high end services. The Indian economy is on the upswing.
5 EU countries are on the verge of default. 2 have had their government bonds declared as junk by S&P and Moody's. Not really that amazing.
Re: The Pakistani Economy is not dependent on US aid.
LOL.... I wonder why India is not full of immigrants from Europe and middle east. Oh wait, it is the other way around. Too much heat getting to you, CM? :D
BTW.. the same Moody's rated the CDO's that were the cause of the latest global financial crises, as 'A'.
I do agree that we are not dependent on US though. It would be difficult first few years but eventually we can make it. We need to get 'India is our mortal enemy' thing out of our heads first.
Re: The Pakistani Economy is not dependent on US aid.
Considering India is the only country after China facing a reverse brain-drain with more NRIs coming back to India to work and establish industries, I think we can all take the heat. Immigration is not economic necessities. Most immigrants include freedom and living standards when they travel to the West.
Plus Kaka I trust the World Bank and IMF on their statistical analysis of economic data. You are welcome to disagree if you wish. But the number speak for themselves.
Edit: I agree we need to stop comparing ourselves to India and make everything a competition. India is a far larger and more robust economy. So there is no comparision. However India is by no means our friend and we should be very wary of trojan's bringing gifts.
Re: The Pakistani Economy is not dependent on US aid.
CM... if that is the case, you can consider growth in GDP as a measure, not absolute value. India's economy is growing fast, but you cannot say it is, at the moment, better than European or Middle Eastern countries.
If somehow all poor nations of Africa merge together, they would produce more GDP than most countries of the world. That wouldn't mean that they are doing great. I am just saying you need to keep population of a country in perspective when you compare it to cross section of other countries at a given time. For comparing countries, Per capita GDP and for over-time comparison annual growth in GDP are better measures.
Re: The Pakistani Economy is not dependent on US aid.
Better in what sense? Better can mean a great many things. Does the Indian economy have more room to grow than the European one? Yes. Does that make it better? Who knows. Has the EU economies stagnated and plateaued? Yes. Does that mean the EU economies are worse off? Who knows.
Better is a subjective term that can apply to a number of criteria.
The Indian economy deals in all aspects of the economy, agriculture to industrial products to services at a competitive rate. Europe does not. Its agriculture sector is heavily subsidized and not competitive at all.
I agree you need to keep a population perspective on economic data thus my previous post where I stated by the link you provided the Bahamas have a better economy than India and Pakistan, which obviously is not the case. One can not use population as a variable in on narrow manner. It applies to both arguments being made.
Re: The Pakistani Economy is not dependent on US aid.
So please for the love of Allah do not go around spew drivel that if US aid gets cut off our economy will tank. It won't.
Exactly CM! Thats what I believe and have said here multiple times. Its probably US pets, or blinded military supporters who spread this propaganda.
Re: The Pakistani Economy is not dependent on US aid.
This is a great thread -- this Aid shackles us to become dependent on khairat that we don't really need, if we clamp down on corruption, install a tax regime, and expand our economy.
Re: The Pakistani Economy is not dependent on US aid.
I think the aid argument is flawed as agreed by everyone.........but the thing to keep in mind is that.....if we make Amreeka 'naraaz'......its not only the aid thats gonna get cut off......... the IMF programs will end, Trade restrictions, sanctions (from amreeka n the european puppies too)......that would hurt the economy ........may be