Global Challenges and Pakistan

Topics: Foreign exchange reserves, People's Republic of China, Nawaz Sharif Pages: 4 (1276 words) Published: September 14, 2012
2- China got independence two years after Pakistan but it has increased its speed of development up to a great extent. 3- The world has become a global village.
4- How Pakistan has prepared itself to face the challenges of the newly started millennium? 5- In 1988 when Mrs. Benazir Bhutto got the rule, she started a welfare program. 6- One more important sector which needs a great attention is the infra structure. 7-Conclusion

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 global challenges. 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...
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