[q agree with your point. uote="ahmadnawaz22, post: 5925584, member: 20561"]Interesting 22.3% for Pakiatan. Good by South Asian Standard but Still very high though.
South Asians need to do away with there problems and focus more on social welfare. Look at East Asian Countries. No matter how much chest thumping we may make by showing stupid future forecasts, South Asia is desperately backward in terms of developement of general public[/quote]
I agree with your point. All south asian country are still relatively backward compared to east asia. I think it has to do with difference in culture and economic policies each followed.
East Asian countries got the basics right: prudent monetary and fiscal policies, competitive exchange rates, low domestic distortions (such as price controls and wasteful subsidies), flexible labour markets, openness to international trade, and investments in education and infrastructure
south asia has much bigger reform gaps; it has not gotten the basics right. Public finances are shaky due to persistent budget deficits. Internal and external trade barriers, price controls and hugely wasteful subsidies throttle agriculture. Most services sectors are weighed down by myriad restrictions.
Also south Asia, unlike East Asia, has not integrated into global supply chains, apart from Sri Lanka and Bangladesh in garments, and India in a few other niche manufacturing and services sectors coupled with the fact that Intra-regional trade barriers are much higher than they are in East Asia, and cross-border infrastructure much worse. So its obvious that souty asia still lags alot behind east asia, and this will be the case for a long time to come if there is not a radical change in policy in this region.
East asian countries are mainly confucian societies which hallmark of Confucius thought is an emphasis on education, ethic, discipline and study. So these helped create a sense of harmonyysocial cohension among people living in these region/country , where each person tries to work collectively for the greater good of all/the country.
Hopefully, with globalization and time, things will change I believe and south asia will emerge in a better situation thsn they are now.