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Argument! Pathetic obsession = argument?
Sorry folks. I do not respond in kind.
Personal attacks on me just means you have lost the argument.
India: Meet the 'Internet Hindus' | GlobalPost
@RiazHaq :
I also think you missed out the massive fiscal transfers that Pakistan got from BD in the 1950s and 1960s that helped its development. Without these transfers Pakistan would not have grown the way it did in the 1960s.
@RiazHaq :
You cannot make a straight comparison between muti-ethnic India and single-ethnic China.
Federal states are far harder to run than unitary ones.
I also think you missed out the massive fiscal transfers that Pakistan got from BD in the 1950s and 1960s that helped its development. Without these transfers Pakistan would not have grown the way it did in the 1960s.
So "massive transfers" even if true have lasted over 40 years?
Economic gap between East and West Pakistan in 1960s is often cited as a key reason for the secessionist movement led by Shaikh Mujib's Awami League and the creation of Bangladesh in 1971. This disparity has grown over the last 40 years, and the per capita income in Pakistan now stands at more than twice Bangladesh's in 2012 in nominal dollar terms, higher than 1.6 as claimed by Akbar Ali Khan in 1971.
Here are some figures from Economist magazine's EIU 2013:
Bangladesh GDP per head: $695 (PPP: $1,830)
Pakistan GDP per head: $1,410 (PPP: $2,960)
Pakistan-Bangladesh GDP per head Ratio: 2.03 ( PPP: 1.62)
Haq's Musings: Comparing Bangladesh With Pakistan in 2012
That figure is a load of crap
Latest figure for GDP/capita from BD government is 1180 dollars.
Even during the turmoil of the election of the last year. BD has managed 6.2 per cent GDP growth. It should increase to over 7 per cent in the next fiscal.
BD economy is literally booming now and is going from strength to strength.
Ok. So here's some more "load of crap" from the World Bank's latest estimates:
Pakistan PPP GDP: $788 billion
Bangladesh PPP GDP: $419 billion
Haq's Musings: World Bank: Pakistan Ranks Among World's 25 Largest Economies
For a start those figures are from 2011 and BD gdp has been growing much more strongly than Pakistan over the last 3 years.
You cannot make a comparison between the GDP of 150 million BD and near 190 million Pakistan. You need to use GDP/capita to make it a fair comparison.
But my point is that BD is growing 6-7% a year now, with around 1 per cent population growth. GDP per capita of 1180 US dollars is shooting up rapidly and should surpass 2000 dollars before 2020.
I am not sure how much a farm worker gets in Pakistan but it is now 110 dollars a month in BD for a 5 day week.
For a start those figures are from 2011 and BD gdp has been growing much more strongly than Pakistan over the last 3 years.
You cannot make a comparison between the GDP of 150 million BD and near 190 million Pakistan. You need to use GDP/capita to make it a fair comparison.
But my point is that BD is growing 6-7% a year now, with around 1 per cent population growth. GDP per capita of 1180 US dollars is shooting up rapidly and should surpass 2000 dollars before 2020.
I am not sure how much a farm worker gets in Pakistan but it is now 110 dollars a month in BD for a 5 day week.
Here's more from PPP GDP data from World Bank from 2012:
Bangladesh $372 billion, Pakistan $795 billion
GDP, PPP (current international $) | Data | Table
Livestock revolution enabled Pakistan to significantly raise agriculture productivity and rural incomes in 1980s. Economic activity in dairy, meat and poultry sectors now accounts for just over 50% of the nation's total agricultural output. The result is that per capita value added to agriculture in Pakistan is almost twice as much as that inBangladesh and India.
Haq's Musings: Pakistan Leads South Asia in Agriculture Value Addition
Here's more from PPP GDP data from World Bank from 2012:
Bangladesh $372 billion, Pakistan $795 billion
GDP, PPP (current international $) | Data | Table
Livestock revolution enabled Pakistan to significantly raise agriculture productivity and rural incomes in 1980s. Economic activity in dairy, meat and poultry sectors now accounts for just over 50% of the nation's total agricultural output. The result is that per capita value added to agriculture in Pakistan is almost twice as much as that inBangladesh and India.
Haq's Musings: Pakistan Leads South Asia in Agriculture Value Addition
What purpose does it serve to say Pakistan beats BD in agriculture since Pakistan has nearly 5 times more land per person?
Again, do you know how much a farm labourer earns monthly in Pakistan? It is 110 dollars in BD.
The economic momentum is with BD as it can grow now at 6-7% per year in GDP.
It's simple. Higher productivity translates into higher wages...basic principle that governs economics of labor.
If a Pakistan farm worker produces twice as much as its Bangladeshi or Indian counterpart, he or she earns twice as much.
Haq's Musings: India's Agrarian Crisis: A Farmer Commits Suicide Every 30 Minutes
Growth is not based on momentum; it's never in a straight line. It goes up and it goes down over time. There's a huge gap between Pakistan and Bangladesh GDPs.
PPP GDP since 2004
Haq's Musings: Comparing Bangladesh With Pakistan in 2012
Nominal GDP Since 1970s
Agriculture in BD is less than 20% of GDP and maybe not all that much more in Pakistan. It is not a good way to measure the wealth of a country.
You need to face the fact that economic performance in BD has been better than Pakistan in the 1971-2014 period whereas it was the other way round in 1947-1971.
BD's GDP/capita is now increasing at rate of 5% a year. Pakistan should see if it can match this by the end of this decade.
Agriculture accounts for 20% of Pak GDP but it employs 40% of the population in the rural areas. Strong agriculturwith hh withe addition is important in reducing rural poverty which accounts for most of the poor in South Asia.
Your contention that BD economy has been better than Pakistan 71-2014 makes no sense given the huge disparity between the two that has persisted for over 40 years inoterms capita and total GDP. In fact the gap has widened over this period.
Haq's Musings: Comparing Bangladesh With Pakistan in 2012
BD vs Pak NominalDP