bananarepublic
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We lack basic ethics how do expect us to have good skillsets?
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May well be.
For the most of manufacturing boom, South China relied on people with just secondary education + some vocational schooling. The thing is, a lot of countries in Asia don't meet even universal secondary education coverage.
I myself taught highschoolers basics of electronics and mechanical engineering on the workplace, but those highschoolers were already on the level of people in first or second year degree program in the West.
When I lived in Canada, I was shocked to see people in uni having trouble with basic algebra, and that universities there spend a whole year on uplifting those people.
basic ethics and good skillsets are generally mutually inclusiveWe lack basic ethics how do expect us to have good skillsets?
Please...
As for: "India-Pakistan is more similar in terms of living standards"
Yes we are so similar in the most basic demographic way obviously (which basically sets the mid to long term development trajectory for developing countries). You are far closer to us on it than some others, you are totally not a generation (15, 20, 25 years?) behind:
TFR:
https://data.worldbank.org/indicator/SP.DYN.TFRT.IN?locations=PK-IN-GH
IMR:
https://data.worldbank.org/indicator/SP.DYN.IMRT.IN?locations=PK-GH-IN
Population pyramid:
https://www.populationpyramid.net
View attachment 588857
Nah, nothing to see in all of that folks...and tackle some fundamental development debates.
he may or may not be just some American copy/pasting blogger trying to attract people to his site to earn a few dollars. he certainly isn't an economist nor an orator/debater.Anyways I'm waiting to see if @RiazHaq answers.
Pakiland has again forged ahead of India on the Global Hunger Index
The only thing that they are repeating like a parrot is "27 Feb".
he may or may not be just some American copy/pasting blogger trying to attract people to his site to earn a few dollars. he certainly ain't no economist nor an orator/debater.
but how does him being whatever he is, give a license to some street-foulers to abuse Pakistan?
some examples below:
What's your main point here? You think the "core" problem of Pakistan is demographics? Indian TFR has reached replacement/below replacement and hence the surplus of working-age productive population will fuel its fast growth while Pakistan hasn't gone through that transition fully?
I am trying to understand your argument here. What fundamentals, in your view, are stopping Pak from similar growth trajectory of India or other 'star' developing countries? I am genuinely interested to see your main points (and not just Indo-Pak shit flinging as usual)
Credit Suisse Wealth Report 2019
India Average Per Adult $2,127 Pakistan Average Per Adult $1,168
India Median Per Adult $596 Pakistan Median Per Adult $506.
https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html
Pakistan's wealth declined mainly because its currency devalued by 24% and its market cap dropped by 42%.
Much of the year-on-year variation in wealth levels is due to changes in asset prices and exchange rates. Exchange-rate fluctuations are frequently the source of the biggest gains and losses. However, exchange rates have been relatively stable over the past 12 months. Among the countries reported in Figure 3 (G7 countries plus China, India and Russia), the largest changes affected China and the United Kingdom – both depreciating about 3.5% versus the US dollar. Currency falls were modest elsewhere in the world, except for Turkey (–21%), Pakistan (–24%) and Argentina (–32%). Currency appreciation was even rarer, with Thailand (+8%) and Egypt (+7%) recording the biggest gains.
Equity prices showed greater regional fluctuations. Market capitalization rose in North America, but declined in much of Europe by an average of about 10%. Markets rose significantly in Russia (+15%), and by an even greater extent in Kuwait (+25%), Brazil (+35%) and Romania (+36%). In Pakistan, market capitalization dropped by 42%, compounding the impact of exchange rate losses.
Credit Suisse Wealth Report 2019
India Average Per Adult $2,127 Pakistan Average Per Adult $1,168
India Median Per Adult $596 Pakistan Median Per Adult $506.
Pakistan's wealth declined mainly because its currency devalued by 24% and its market cap dropped by 42%.
Much of the year-on-year variation in wealth levels is due to changes in asset prices and exchange rates. Exchange-rate fluctuations are frequently the source of the biggest gains and losses. However, exchange rates have been relatively stable over the past 12 months. Among the countries reported in Figure 3 (G7 countries plus China, India and Russia), the largest changes affected China and the United Kingdom – both depreciating about 3.5% versus the US dollar. Currency falls were modest elsewhere in the world, except for Turkey (–21%), Pakistan (–24%) and Argentina (–32%). Currency appreciation was even rarer, with Thailand (+8%) and Egypt (+7%) recording the biggest gains.
Equity prices showed greater regional fluctuations. Market capitalization rose in North America, but declined in much of Europe by an average of about 10%. Markets rose significantly in Russia (+15%), and by an even greater extent in Kuwait (+25%), Brazil (+35%) and Romania (+36%). In Pakistan, market capitalization dropped by 42%, compounding the impact of exchange rate losses.
How can you measure wealth when there is so much tax evasion in both countries ?
the devaluation has no effect on PPP GDPCredit Suisse Wealth Report 2019
India Average Per Adult $2,127 Pakistan Average Per Adult $1,168
India Median Per Adult $596 Pakistan Median Per Adult $506.
https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html
Pakistan's wealth declined mainly because its currency devalued by 24% and its market cap dropped by 42%.
Much of the year-on-year variation in wealth levels is due to changes in asset prices and exchange rates. Exchange-rate fluctuations are frequently the source of the biggest gains and losses. However, exchange rates have been relatively stable over the past 12 months. Among the countries reported in Figure 3 (G7 countries plus China, India and Russia), the largest changes affected China and the United Kingdom – both depreciating about 3.5% versus the US dollar. Currency falls were modest elsewhere in the world, except for Turkey (–21%), Pakistan (–24%) and Argentina (–32%). Currency appreciation was even rarer, with Thailand (+8%) and Egypt (+7%) recording the biggest gains.
Equity prices showed greater regional fluctuations. Market capitalization rose in North America, but declined in much of Europe by an average of about 10%. Markets rose significantly in Russia (+15%), and by an even greater extent in Kuwait (+25%), Brazil (+35%) and Romania (+36%). In Pakistan, market capitalization dropped by 42%, compounding the impact of exchange rate losses.
the devaluation has no effect on PPP GDP
the 10+ inflation will quickly adjust the nominal GDP.
the mean income has no value in judging the standard of living it has to be median income
Guys, you started talking about skill gap, and now the discussion switched towards wealth gap