List and explain some of other major reasons for economic plan failure in Pakistan. Which reasons...

List and explain some of other major reasons for economic plan failure in Pakistan. Which reasons do you think are the most important and why?

Expert Solution

The first reason is the poliical instability in the country.

Polical Instability- This would be the most influenced factor while comparin the economic failure in Pakistan, over the 64 years of freedom there has been political emergencies and deadlocks in the economy. Also the border tensions with India and the war related with the this issue also did a part to the failure of economic planning. There has been lack of leadership and sincereity in the political process, the political sector is covered with corruption, inefficency and political upheveals.

Terrorism- Terrorism always has been a headache for Pakistan, thousands of people lost their lives in the terrorist movements. The after effect of this poverty and illliteracy and poverty among the people.

Corruption- The country is the 34 th most corrupted nation and they have lost over 95 billion dollars due to the corruption.

Lack of eduction- The education is the key determinant of the economic progress of the nation, the literacy rate in the Pakistan is only 60%, in this country overall 25 million children not getting any education.

Rahul Sunny answered 2 years ago

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