Major Causes of What Ails Pakistan Today

  1. The country's excessive dependence on external capital flows, which have generated extreme volatility of the economy;
  2. The country's failure to raise resources from within its economy to fund investment and development projects;
  3. The country's poor integration with the global economic systems; and
  4. The gross neglect of human capital. Prolonged neglect of human capital has been a leading cause of Pakistan's failure to develop a vibrant, knowledge-based economy, despite the fact that the country is endowed with one of the youngest populations in the world, with a median age of only 18.2 years.
By Dr Shahid Javed Burki, an economist, a former finance minister and president of the Economic History Society,


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