Adam WANG SHANGHAI MEGA
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Pakistan Should Seek Truth from Facts and Develop Industries that it has Advantages
Pakistan should first recognize its advantages and disadvantages.
The advantages of Pakistan:
1) With population advantages, Pakistan has a large population and abundant human resources. Labor-intensive industries (agriculture, forestry and textiles, clothing, toys, leather, furniture, and other manufacturing industries) should be developed to ensure that most people have jobs while developing economies. On the other hand, social stability can also be maintained. After all, one person can earn money to support a family when he has a job.
2) Import substitution policy. Pakistan should develop industries with large domestic demand which can cancle large import demands : Pakistan has a serious shortage of resources such as water, energy, and electricity. Pakistan should therefore strive to develop water resources and energy industry as well as electric power industry. A large number of imported products will consume domestic foreign exchange reserves, which is not conducive to long-term development. Pakistan must develop import substitution industries as soon as possible, reduce imports year by year, and thus leave foreign exchange at home as a blood for economic development.
3) Fully study China's economic development experience. I am not saying that China’s policy is perfect, but for now, China’s economic policy is the best way for the rapid development of developing countries with a large population. Pakistan does not need to establish too many special economic zones. In the initial stage, Pakistan only needs to establish two or three special economic zones and then fully supports the three special economic zones, including policies, legal, taxation, labor, utilities, and security aspects as well as other supports. In order to show the rest part of pakistan that Pakistani can also make miracle of economic development.
4) Gradually accumulate wealth. Pakistan should gradually accumulate wealth in order to have sufficient funds, technology and talents to prepare for the upgrade to middle and high-level industries in the future.
Pakistan's disadvantage.
1) Economic development started late. The cost of technology introduction is high. To this end, priority should be given to introducing low-cost counting, such as e-commerce technology, electronic payment technology, cloud computing technology, and so on.
2) The public awareness of development needs to be improved. National development is higher than ethnic interests. Expanding economic development propaganda, taking economic development as the country's top priority, economic development should be the first task for the people of Pakistan. Without development, there will be no future.
3) The lack of star companies. Give priority to supporting 3 to 5 companies to become famous star companies in Pakistan, such as Alibaba in China, let these Pakistani star enterprises do demonstrations for other companies.
some humble ideas for now!!!
will update later!
Pakistan should first recognize its advantages and disadvantages.
The advantages of Pakistan:
1) With population advantages, Pakistan has a large population and abundant human resources. Labor-intensive industries (agriculture, forestry and textiles, clothing, toys, leather, furniture, and other manufacturing industries) should be developed to ensure that most people have jobs while developing economies. On the other hand, social stability can also be maintained. After all, one person can earn money to support a family when he has a job.
2) Import substitution policy. Pakistan should develop industries with large domestic demand which can cancle large import demands : Pakistan has a serious shortage of resources such as water, energy, and electricity. Pakistan should therefore strive to develop water resources and energy industry as well as electric power industry. A large number of imported products will consume domestic foreign exchange reserves, which is not conducive to long-term development. Pakistan must develop import substitution industries as soon as possible, reduce imports year by year, and thus leave foreign exchange at home as a blood for economic development.
3) Fully study China's economic development experience. I am not saying that China’s policy is perfect, but for now, China’s economic policy is the best way for the rapid development of developing countries with a large population. Pakistan does not need to establish too many special economic zones. In the initial stage, Pakistan only needs to establish two or three special economic zones and then fully supports the three special economic zones, including policies, legal, taxation, labor, utilities, and security aspects as well as other supports. In order to show the rest part of pakistan that Pakistani can also make miracle of economic development.
4) Gradually accumulate wealth. Pakistan should gradually accumulate wealth in order to have sufficient funds, technology and talents to prepare for the upgrade to middle and high-level industries in the future.
Pakistan's disadvantage.
1) Economic development started late. The cost of technology introduction is high. To this end, priority should be given to introducing low-cost counting, such as e-commerce technology, electronic payment technology, cloud computing technology, and so on.
2) The public awareness of development needs to be improved. National development is higher than ethnic interests. Expanding economic development propaganda, taking economic development as the country's top priority, economic development should be the first task for the people of Pakistan. Without development, there will be no future.
3) The lack of star companies. Give priority to supporting 3 to 5 companies to become famous star companies in Pakistan, such as Alibaba in China, let these Pakistani star enterprises do demonstrations for other companies.
some humble ideas for now!!!
will update later!