Some excerpts from world economic report released today. After reading this dont want to listen to any of the bastards bakwas that they are doing in parliament. Democracy is about delivering to people and our democracy has utterly failed ( and imho, will continue to fail) in that objective. Pakistan(129th) remains essentially stable since last year. The country obtains low marks in the most critical and basic areas of competitiveness. Its public institutions (125th) are constrained by red tape, corruption, patronage, and lack of property rights protection. Its security situation remains alarming (142nd). Pakistan is the third least safe of all countries covered, behind only Yemen and Libya. Thanks to a lower inflation rate and a smaller budget deficit, the country’s macroeconomic situation improves slightly but nevertheless remains dismal (137th). Pakistan’s infrastructure (119th)—particularly for electricity (133rd)—is underdeveloped. Moreover, the country’s performance in terms of health and education is among the worst of all the countries covered. Infant mortality (137th) is the highest outside sub-Saharan Africa, and, with one of the lowest enrollment rates in the world (132nd), it is estimated that almost a quarter of children do not go to primary school. Pakistan’s competitiveness is further penalized by the many rigidities and inefficiencies of its labor market (132nd, up six). Female participation in the labor force is the world’s fifth lowest (140th). Finally, the potential of ICTs is not sufficiently leveraged, and access to ICTs remains low (114th). On a slightly more positive note, Pakistan does comparatively better in the more advanced areas captured by the GCI, ranking 72nd in the financial development pillar and 81st on the business sophistication pillar.
Posted on: Wed, 03 Sep 2014 09:03:03 +0000
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