ISSUES, CHALLENGES AND ECONOMIC CONDITION OF DEVELOPING COUNTRIES: A CASE OF ISLAMIC REPUBLIC OF PAKISTAN
Abstract
Pakistan is considered one of the developing countries of the world and the socio-economic system of Pakistan is almost based on agriculture which considered the backbone of Pakistani economy from its emergence. The weak socio-political institutions and the political instability rather created serious hurdles in the improvement of Pakistan’s economy. Lack of facilities, illiteracy, terrorism, energy crises, foreign debts and internal deficit increased inflation and poverty in the country. The imbalance between export and import also proved a fatal impact for the economy. With this the fear of aggression to the neighbor also forced to consume most of the sources on defense. This paper is an attempt to highlight the socio-economic condition of the Pakistan in the last two decades.
Keyword : Social, Economic, Development, Pakistan, Agriculture, Live-stock etc.
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
- S.M. Akhter, Economic development of Pakistan, United limited, Lahore, 1978. .Andrew, Sumner, International Development Study, Theories and Method in Research and Practice, Sage Publication, Delhi, 2008, P.09. . Ibid .Lorenzo G. Bellu, P.02. - Lutful Haq, Choudhry, Social Change and Development; A Sociological Analysis, California, 1973. P.143. - Jacobs, Garry and Asokan,. .M. Akhter, Economic development of Pakistan, United limited, Lahore, 1978. - Lutful Haq, Choudhry, Social Change and Development; A Sociological Analysis, California, 1973. -Shaukat Ali. Nation Building, Development & Administration; A Third World Perspective, Lahore, 1979.P.59 .Msaooed, Political Economy of Pakistan, Lahore,1989, P.7-9 . Five Years Plan, Government of Pakistan. .Ashfaq, A., Pakistan Economy, Lahore, 2008,,P.27. . A. Khalid, War on Terrorism, Lahore, 2012, P.91. ۔ Agriculture Survey, 2006, Crop Reporting Center Report 2005-2006.