Challenges of the 21st Century and Pakistan

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CHALLENGES OF THE 21ST CENTURY AND PAKISTAN

Dancing around the fire is not the solution to any problem. One should try to see beneath the surface in order to grasp an idea about the basic issue. Despite a stream of stung words and announcements made by the previous governments of Pakistan, there is a woeful neglect in accepting the challenges of the present millennium rather the situation has taken a quantum leap for the worse.

On the other hand there are the most exciting times in the perspective of progress ever observed in the recorded history of mankind. All countries of the world are making the progress in almost all aspects of life. These countries are working hard to face the challenges of 21st century. The world in which we are living has become the world of information and technology. The old concept of ruling the world with power has completely changed by the disintegration of soviet union in the last decade of the previous century. The progress speeds of many countries are remarkable.

China got independence two years after Pakistan but it has increased its speed of development up to a great extent. Today china is enjoying the status of world’s second fastest growing economy post Mayo, china has established an all time global record in doubling its per capita income between 1977 and 1987. According to a world Bank purchasing power parity (ppp) china has a GDP of just under $3.0 trillions which is second largest after united states of America. If one accepts the projections of a Rand study of 1995 china will become world’s largest economy by 2010 with GDP of $11.3 trillions. China has managed to get a complete control over the markets of many countries. Its trade abilities have captured a great foreign exchange reserve. Now china has entered in the making of such a car which may be considered very well prepared country to face the challenging environment of new millennium. It can also be said that today no effort to regulate global trade can be succeeded if china is not part of decreased exchange risk premium in interest rates and has increased investment demands. The echo of single currency swept across the world with free trade zones. Due to this wonderful success of Euro, many countries have inspired and they also started their ball rolling in the same direction. In Holland the Dutch people have innovated such a food for the cattle which helps the cattle to grow at a very fast rate. The cattle is very important for Holland as it enjoys a great position in the export of best quality milk, butter and meat. This earns a great amount of foreign exchange for Holland. The Dutch people have also worked successfully on a particular television which also provides all the facilities of a computer as well. These examples show that the Dutch people are very well prepared to face the challenges of the present millennium.

The world has become a global village. The distances have been reduced up to an appreciable extent. In America the people have started a new practice. The high officials do not go to the offices.

They control majority of their official matters through computers. This helps them a lot in saving their precious times which they would have wasted in travelling.

The countries like Korea, Malaysia, Thailand and Vietnam are working very hard. This hard work has enabled them to face the challenges of current millennium in a very dignified way. These countries have made development up to this extent that it has become a far cry for Pakistan to assimilate whit their stands. Korea has also attained a significant position in the exporters of cars and other vehicles. In 1960’s Malaysian economy was very poor but through hard work they have strengthened their economy up to a great extent. The Malayan television and other electronic instruments have really captured the markets of many countries. These countries have achieved this position of stabilization through their appropriate economic strategies,...
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