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How does Bangladesh's economy compare with Pakistan's?

Recently, I had seen a program where it mentioned that BD economy is doing well. I haven't seen any comparision though.

It will be interesting to know how other subcontiment nations doing during this hard time. Pakistan's is a special case as they are caught in a war situation.
 
Not exactly recent, but from 2008.


Table 1: Macroeconomic Indicators of SAARC Economies: 2008


AFG BD BT IND MALD NEP PAK SRL

Real GDP Growth, %. 3.4. 6.0 5.0 6.7 6.3 5.3 2.0 6.0

GDP Per Capita 419. 522 1789 1020 3653 455 1022 1972

CPI Inflation 26.7 7.7 8.3 8.4 12.3. 7.7 12.0 22.6

Reserves (in $ billions) 3.5. 6.1 0.6 242 0.2 2.5 8.6 1.8
 
all these #'s mean nothing.....

only thing that matters is how much an average worker makes
 
Pakistan economy is 2x bigger then Bangladesh and population is 180m compared to 160m for Bangladesh.
 
Bangladesh might actually go somewhere if they ever open the world class Pulbhari coal mine and sort out their energy needs!

Bangladesh will need flood defences at some point before natures catches up with it.
 
shan said:
Pakistan economy is 2x bigger then Bangladesh and population is 180m compared to 160m for Bangladesh.
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Unfortunately for Bangladesh, the geography and size means that the range, volume and value of potentially yet undiscovered or untapped natural and mineral resources is only a fraction of that of Pakistan's. Pakistan's industrial base, in relative terms, is also far greater than that of Bangladesh.

Taken together, the potential resources and the potential size of the industral base, means that if and when the politics are sorted out, the future for Pakistan is likely to be much brighter for Pakistani's than that of Bangladesh for Bangladeshi's.
 
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Javelin said:
Unfortunately for Bangladesh, the geography and size means that the range, volume and value of potentially yet undiscovered or untapped natural and mineral resources is only a fraction of that of Pakistan's. Pakistan's industrial base, in relative terms, is also far greater than that of Bangladesh.

Taken together, the potential resources and the potential size of the industral base, means that if and when the politics are sorted out, the future for Pakistan is likely to be much brighter for Pakistani's than that of Bangladesh for Bangladeshi's.
Click to expand...

Pakistan GDP per capita is already about two times bigger then Bangladesh, but the Growth rate is 3.67% this year because of terrorism and energy crisis.
 
Pakistan did well until early 90s compared to all other countries in SC. But in the last 2 decades or so, their growth is the worst in the SC. Still overall they are better than countries like Bangla/Nepal/SL but they need to sort out their domestic and international issues ASAP. Otherwise other countries will over take them soon.

Problem with Bangla is their population. They need to do something to get it under control.
 
^^^

True pak was doing great in 80's and early 90's as far as my knowledge goes..for some reason pakistan has totally lost it in the last 10 odd years....strange because most developing 3rd world countries like us, Brazil picked up around that time....I guess 2001 September 11 was the starting point for sad stuff that was to follow....
 
madaboutcricket said:
Pakistan did well until early 90s compared to all other countries in SC. But in the last 2 decades or so, their growth is the worst in the SC. Still overall they are better than countries like Bangla/Nepal/SL but they need to sort out their domestic and international issues ASAP. Otherwise other countries will over take them soon.

Problem with Bangla is their population. They need to do something to get it under control.
Click to expand...

From 2001 and 2007 Pakistan did well and GDP growth rate was good because of no sanctions anymore. The problem is now 3-4% GDP growth is lost because of enerygy crisis and on top of that terrorism. By the way Sri Lanka percapita income is close to 3000$, way more then India and Pakistan.
 
shan said:
From 2001 and 2007 Pakistan did well and GDP growth rate was good because of no sanctions anymore. The problem is now 3-4% GDP growth is lost because of enerygy crisis and on top of that terrorism. By the way Sri Lanka percapita income is close to 3000$, way more then India and Pakistan.
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Pakistan decline started in early 90s, exactly when India started doing well economically, since then their growth has not been as good as they had until early 90s.

Yep SriLanka's percapita is better than Pakistan but overall economy I was talking about. Per capita is not everything.
 
navroks123 said:
^^^

True pak was doing great in 80's and early 90's as far as my knowledge goes..for some reason pakistan has totally lost it in the last 10 odd years....strange because most developing 3rd world countries like us, Brazil picked up around that time....I guess 2001 September 11 was the starting point for sad stuff that was to follow....
Click to expand...

nope they did not do that well in 90s as well. their decline started in early 90s.
 
madaboutcricket said:
Pakistan decline started in early 90s, exactly when India started doing well economically, since then their growth has not been as good as they had until early 90s.

Yep SriLanka's percapita is better than Pakistan but overall economy I was talking about. Per capita is not everything.
Click to expand...

Why happened in the 90s for Pakistan ? The US sanctions ?
Not trying to sound over-patriotic, but the Mushy (well, Shaukat Aziz) indeed wasn't that bad.
 
Bangladesh is like Uttar Pradesh in terms of population. Similar land mass and populaiton.

Bangladesh must be super crowded.
 
Pakistan mainly relies on aid for its economic relief, a curse imho, it is hindering its growth, interfering in its foreign policy and basically holding them down as hostage.

Growth is a natural order of thing for a third world country, Pakistan is growing albeit slowly, needs a lot of economic reforms but members of their two primary institutions (Army, Politicians) are at each other throats to do any meaningful reform.

Bangladesh is growing but the population density is high and people are started moving inside India, even here in the down south I have met a few Bangladeshi families. They also in need of serious reforms on how to manage their resources.

In my opinion all subcontinent countries are in need of reforms in terms of education, even-though India has options its investments in primary and high-school are laughable, we (Sub continent countries) are severely lagging behind from the rest of the developed world. One thing common among the developed world is they heavily invest in their children which the SC countries fails to do so.
 
No need to compete with Bangladesh (they have less fish) when Japan and other countries are scared of us. We have great technologies, our cars are better than those of sheikhs and our people live in luxurious houses and we have more beaches than Nepal and more sheep than Afghanistan. We sure have more land than Antigua.
 
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in recent years many textile and other businesses in Pakistan are shifting their factories and production to Bangladesh due to the low costs there, tax reliefs from the government and most importantly reliable power. This will keep on hurting Pakistan in terms of GDP growth and employment.

Another thing going for Bangladesh is that they have 70% of the primary school children enrolled in school while we have less than 50%
 
no two states can , should be compared ... every country has its own circumstances and issues different from others .
 
Bangladesh for the first time has left Pakistan behind in exports as the former has surpassed an unprecedented mark of $24.3 billion during last fiscal year as compared to $23.6 billion figures registered on account of Pakistan's exports.
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Source: http://www.brecorder.com/business-a-economy/189/1218755/

Experts believe that Bangladesh export will be double in next 5/7 years time. Here is one long term prediction about GDP per capita and other factors

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Good enough for Pakistani businessmen to move there , apparently .
 
Is Bangladesh in a more stable part of the world as compared to Pakistan? I would think that would factor into the economic growth environment as much as anything.
 
There is about 3.4 million people living in 511 slums in Dhaka alone. On estimate there about 81% illiterate in these slums. Environmental issues are massive, especially air pollution which causes a number of health problems such as bronchitis and other breathing difficulties. If the urban air pollution is reduced by 20% to 8%, it would save 1,200 to 3,500 lives annually. The sewage system is not working and there is no real plan for clean water distribution throughout the major cities. Bangladesh must combat these problems if it is going to develop.
 
Cpt. Rishwat said:
Is Bangladesh in a more stable part of the world as compared to Pakistan? I would think that would factor into the economic growth environment as much as anything.
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Yeah , during Musharraf era , the economy was doing well , until the last 2 years , when it went downhill . A lot of businesses had opened up and Karachi , being the financial capital , attracted investors . Mustafa Kamal`s work also helped .

Then , after , the government changed , there was more loadshedding than ever , all kinds of unnecessary holidays , general strikes , mourning days , political / ethnic and sectarian clashes . Within 5 years , Pakistan rupee has gone from 60 rupees for a dollar to close to a 100 rupees .

Many businessmen , some I know of personally , have moved to Bangladesh and setting up business there . It is cheaper , compared to moving to UAE , so great for smaller businesses .

This will really help Bangladesh .
 
Javelin said:
That's assuming that half of Bangladesh will not be under water by then due to rising sea levels as a result of global warming.
Click to expand...

Also assuming Pakistan will have avoided getting nuked by one of these countries .
 
Looney said:
Also assuming Pakistan will have avoided getting nuked by one of these countries .
Click to expand...
The effects of sea levels rising due to global warming on a country like Bangladesh are thousands of times greater than dropping hundreds of nukes on a country geographically the size of Pakistan.
Pakistan has a land mass of over 300,000 square miles. Even if, say, each nuke dropped makes a 30 sq mile area uninhabitable, a hundred nukes still equates to only 3,000 sq miles, or approx. 1% of the land mass of Pakistan.

Now contrast that with the potential effect of global warming on Bangladesh
.Effect of climate change
Assumption and effect in Bangladesh
100 cm sea level rise in next 100 years will inundate 15 -17% of countries land area (22135-26562 sq. km)
20 million people will be environmental refugee
Sea level rise would inundate 58000 ha. of agriculture land
Loss of mangrove forest
Salinization of ground water
http://saarc-sdmc.nic.in/pdf/worksh... change & Sea Level Changes in Bangladesh.pdf
Click to expand...

Besides, dropping nukes on Pakistan is wishful thinking by the likes of you, but, unfortunately, global warming, sea levels rising and the devastating effects on Bangladesh are a 100% certainty - the only question being by how much.
 
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Projections are just that ....... projections. Dont read too much into it.

I have lost count the number of times bank of england and the treasury has got their projections wrong!
 
Lets talk in facts and the here and now.

Dhaka stock exchange down 23% from a year ago

Karachi stock exchange up 49% from a year ago. Highest its ever been.
 
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Looney said:
Yeah , during Musharraf era , the economy was doing well , until the last 2 years , when it went downhill . A lot of businesses had opened up and Karachi , being the financial capital , attracted investors . Mustafa Kamal`s work also helped .

Then , after , the government changed , there was more loadshedding than ever , all kinds of unnecessary holidays , general strikes , mourning days , political / ethnic and sectarian clashes . Within 5 years , Pakistan rupee has gone from 60 rupees for a dollar to close to a 100 rupees .

Many businessmen , some I know of personally , have moved to Bangladesh and setting up business there . It is cheaper , compared to moving to UAE , so great for smaller businesses .

This will really help Bangladesh .
Click to expand...

The govt is the govt in Pakistan, I wasn't really alluding to that as that is in the people's hands at least while democracy is still there. I was talking more about the geopolitical area. Pakistan is always likely to be in a more unstable situation just because of location and neighbouring countries such as Afghanistan, Russia, Iran etc.

I don't think Bangladesh has these issues which is a big advantage as far as business and industry goes.
 
Between 1990 and 2010 life expectancy rose by 10 years, from 59 to 69. Bangladeshis now have a life expectancy four years longer than Indians, despite the Indians being, on average, twice as rich. Even more remarkably, the improvement in life expectancy has been as great among the poor as the rich. Bangladesh has also made huge gains in education and health. More than 90% of girls enrolled in primary school, slightly more than boys. Infant mortality has more than halved, from 97 deaths per thousand live births in 1990 to 37 per thousand in 2010. Over the same period child mortality fell by two-thirds and maternal mortality fell by three-quarters. It now stands at 194 deaths per 100,000 births. In the past women could expect to live a year less than men; now they can expect to live two years more.

Red tape and abysmal bureaucracy is slowing things down but it is slowly moving towards the right direction.
 
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Eagle_Eye said:
Why is the stock market at all time high? Infact, it was 4th best performer in 2012.
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Stock markets are functions of liquidity and tend to only be weakly correlated with economic growth and usually lagging / leading indicators of the overall economy depending on point in the cycle.

For example US stock markets were at record highs prior to the massive banking crash which almost brought down the Global financial system.

I suspect Pakistan stock market has only performed because there is some liquidity in the market which is probably a vestige of a credit bubble no doubt. Has little to do with the Economy at large.
 
Let us look at Pak, Ind and Bang stock performances in the last 12 months.

Why is Bangladeshi stock market down so massively compared to Pakistan and India?
 

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s28 said:
Stock markets are functions of liquidity and tend to only be weakly correlated with economic growth and usually lagging / leading indicators of the overall economy depending on point in the cycle.

For example US stock markets were at record highs prior to the massive banking crash which almost brought down the Global financial system.

I suspect Pakistan stock market has only performed because there is some liquidity in the market which is probably a vestige of a credit bubble no doubt. Has little to do with the Economy at large.
Click to expand...

In an economy teetering on the brink of collapse as we are constantly told, why is there no flight of capital from this market? Complete opposite seems to be happening here.
 
Eagle_Eye said:
Why is the stock market at all time high? Infact, it was 4th best performer in 2012.
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my original question : does it mean your economy is rocking or stock markets have run up in expectation of imminent good times ?
 
Jeetu111 said:
my original question : does it mean your economy is rocking or stock markets have run up in expectation of imminent good times ?
Click to expand...

I do not live there, so I do not know.

Everytime I visit:

Everyone I know is better off than before
More educated than before
But still hardly anyone pays proper taxes!
 
Eagle_Eye said:
Sorry, don't understand your question.

I put up yearly performance chart for dhaka, karachi and the sensex.
Click to expand...

I.e. some context would be better. 23% down on 1,000 points is better than 49% up on 100 points, for example.
 
Cpt. Rishwat said:
So nothing much has changed then!
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unfortunately not. It starts at the top and goes all the way down. Only public sector employees pay taxes as they are kind of forced to.

They are very capable and resourceful people, I wish they could sot out their governing issues and realise they need to invest in themselves by paying taxes.

I am always amased at Pakistanis when they proudly claim to be supporter of parties who seek to maintain status quo.
 
Eagle_Eye said:
unfortunately not. It starts at the top and goes all the way down. Only public sector employees pay taxes as they are kind of forced to.

They are very capable and resourceful people, I wish they could sot out their governing issues and realise they need to invest in themselves by paying taxes.

I am always amased at Pakistanis when they proudly claim to be supporter of parties who seek to maintain status quo.
Click to expand...

Pakistan can never hope to build a proper infrastructure while the vast majority of people refuse to pay taxes.
 
LethalSami said:
all these #'s mean nothing.....

only thing that matters is how much an average worker makes
Click to expand...

Incorrect. You have to look at the prices of goods aswell along with comparing the inflation rate with the average wage increase.

Knowing how much the average person earns means nothing if you don't know what they can actually buy with that money.
 
What is the market cap of KSE compared to Dhaka.Sensex has much higher cap than this and its 24% rise will mean much much more value creation than a 49% rise in KSE.So i guess a fair comparision will be between Dhaka and Kse.
 
cricketjoshila said:
What is the market cap of KSE compared to Dhaka.Sensex has much higher cap than this and its 24% rise will mean much much more value creation than a 49% rise in KSE.So i guess a fair comparision will be between Dhaka and Kse.
Click to expand...

I am interested in the trend.

India and Pakistani markets are up whereas Bangladesh is down significantly.
 
Jeetu111 said:
wow. 15% on fixed deposits ? here in India,its like 8.75 .
btw,at what rate do they lend money ?
Click to expand...

I think the 15% might not be every bank and probably has a large deposit as a condition as well as no withdrawal for an extended period! The interest rate stands at 9.5% in Dec 2012.

Year on year inflation stands at 6.9% in Nov 2012.
 
Eagle_Eye said:
I think the 15% might not be every bank and probably has a large deposit as a condition as well as no withdrawal for an extended period! The interest rate stands at 9.5% in Dec 2012.

Year on year inflation stands at 6.9% in Nov 2012.
Click to expand...

what about the lending rates for business,home & auto loan ?
 
Jeetu111 said:
what about the lending rates for business,home & auto loan ?
Click to expand...

I do not know and information is not readily available online. My guess is that it will be very significantly higher than the Base rate of 9.5.
 
Equinox said:
FAO Eagle_Eye, here's your answer regarding the BD stock market:

http://en.wikipedia.org/wiki/2011_Bangladesh_share_market_scam

Another political scam. Same thing happened when Awami League last came to power in 1996.

And the stock exchange is hardly the best indicator of an economy's health. Now, 1 Bangladeshi Taka is worth 1.22 Pakistani rupees. That says it all really.
Click to expand...



Ok by that logic

1 bangladeshi taka is worth 1.08 japanese yen.

Is bangladesh economy stronger than japan?
 
^Haha I actually knew that was going to be your exact rebuttal. If you're being serious then there is no point carrying on this discussion. The fact is that the PKR has always been worth more than the BDT. Now that the reverse is true it means that the demand for the Bangladeshi Taka has increased relative to the rupee and this is in a time when the Bangladeshi government has held back the Taka and has devalued it repeatedly which just shows how badly Pakistan is struggling in the export sector.
 
Eagle_Eye said:
[/B]

Ok by that logic

1 bangladeshi taka is worth 1.08 japanese yen.

Is bangladesh economy stronger than japan?
Click to expand...
If by stronger you mean the rate at which the economy is growing and the proportion of people employed then yes the Bangladeshi economy is stronger than the Japanese. In case you didn't know Japan is in recession. If you are simply talking about size then there is no debate to be had; both Japan and Pakistan have larger economies than Bangladesh at the moment.
 
I have really seen someone say that his country has a strong economy because their money has more value than Pakistan's one?

Bangladesh economy may be stronger than Pakistani one, but that someone would use this sort of argument to prove it just shows how little he really knows about economy.
 
endymion248 said:
I have really seen someone say that his country has a strong economy because their money has more value than Pakistan's one?

Bangladesh economy may be stronger than Pakistani one, but that someone would use this sort of argument to prove it just shows how little he really knows about economy.
Click to expand...

I don't think you got what he really meant. Why don't you compare last 40 years exchange rate of Rupee vs Taka. This is a fact that Taka is becoming stronger day by day. If you check last 40 years history, you will find Pakistani Rupee was always stronger than Taka until recently.
 
Firstly you defeat your own argument with the currency comparison and now with:

If by stronger you mean the rate at which the economy is growing and the proportion of people employed then yes the Bangladeshi economy is stronger than the Japanese.
Click to expand...


You know its usually the Indians who make ludicrious claims of their grandeur but you know what, I think you have topped it.

Anyway on with Pakistan - Bangladesh comparison.

Population

Pakistan - 177 million
Bangladesh - 150 million

Inflation rate at Dec 2012

Pakistan - 7.90
Bangladesh - 7.69

GDP per capita

Pakistan - 1100
Bang - 700

GDP PPP

Pakistan - 2700
Bang - 1700

I will leave you to draw the conclusions.
 
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^Way to ignore the rest of the post.

If you are just going to copy and paste stats what's the point of this thread? The OP can just read them off wikipedia. And I have already admitted that currently the Pakistani economy is larger than the Bangladeshi economy and that the average Pakistani is richer than the average Bangladeshi. But does that mean, right at this moment, the Pakistani economy is doing better? Is just looking at the current GDP per capita the only measure of the economic health of a country? By your logic then is the US, Europe not in economic trouble since their GDP per capita is higher than the rest of the world and in nominal terms the highest they've ever been? To judge the health of the economy you need to see where it's going in the future and how it has done this year compared to the last. This is why you need to look at the growth rate, job creation, FDI etc. And the fact is that Bangladesh is far outpacing Pakistan in all these measures.
 
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I think people are looking at indicators I would not put much weight upon - exchange rate, stock exchange growth, or even GDP/capita. The rich in these countries are ridiculousky rich and have an unequal amount of wealth concentrated amongst themselves - which is most likely skewing the average stats.

I don't have the inclination/time for this, but if you really want to find what the "average" (pardon the pun) man is living like, compare PPP for the bottom 20%, the median 60% and the top 20%.
 
i think economy should not be measured in per capita, or ppp..but in how much self esteem the citizens of the nation feel..when i see sub continental countries..they feel inferior to the westerners..and think they are the best among the sub continent...if you dont have self esteem then it doesnt matter how much you earn..
 
Eagle_Eye said:
Inflation rate at Dec 2012

Pakistan - 7.90
Bangladesh - 7.69
Click to expand...
Did you just post the inflation rate? :facepalm:

You're economy is barely growing at 2% a year compared to 6% of Bangladesh. And yet inflation is higher in Pakistan. What a completely random point to bring up and pwn yourself lol.
 
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Eagle_Eye said:
Firstly you defeat your own argument with the currency comparison and now with:




You know its usually the Indians who make ludicrious claims of their grandeur but you know what, I think you have topped it.

Anyway on with Pakistan - Bangladesh comparison.

Population

Pakistan - 177 million
Bangladesh - 150 million

Inflation rate at Dec 2012



Pakistan - 7.90
Bangladesh - 7.69

GDP per capita

Pakistan - 1100
Bang - 700

GDP PPP

Pakistan - 2700
Bang - 1700

I will leave you to draw the conclusions.
Click to expand...

You are conveniently ignoring the fact that Bangladesh economy is getting stronger and this is just a matter of time that BD will become 2nd largest economy in South Asia. It will happen in 5/6 years time with current growth rate.

In 2012, Pakistan’s forex reserves fall to $13.50 billion
http://dawn.com/2012/12/06/pakistans-forex-reserves-fall-to-13-50-billion/.

Only 1 year ago it was $18b. This just shows how quickly Pakistan has been going in the downhill. As of Jan,2013 Bangladesh foreign reserve stands at $13.04b. Bangladesh had less than 50% foreign reserve compared to Pakistan only 2 years back!!


Pakistan’s exports fell to $23.64 billion in 2011-12 from $24.82 billion in 2010-11, showing a decline of 4.75 per cent.

In last 12 months, Bangladesh performed better in international trade by narrowing trade deficit (approx $11,614 million) compared to Pakistan, which had broader trade deficit (approx. $21,288 million). Last year, Pakistan experienced a total export and import of $23,64 million and $44,912 million (cost and freight) respectively. On the other hand, the total export of Bangladesh amounted to US$24,301.9 million and the total import came down to $35,916 million (cost and freight). I don't think in 5 years time, you will be in a position to compare this. Bangladesh will be soon out of reach in the coming years. From IMF, Worldbank to every single social indicators suggested that Bangladesh is now heading to be the second largest economy of this region replacing Pakistan. And it will happen before 2020. I remember in 2005, when many economists predicted that BD export will overtake Pakistan's total export by 2010, many people were laughing. Albeit it happened 2 years later than it predicted but BD eventually achieved this and soon it will be 2 times bigger in next few years. If you consider where was Bangladesh 40 years back or even 10 years back, then you will get the answer. In 2012, the total foreign direct investment(FDI) in Pakistan was only $305.6m whereas Bangladesh received FDI of $1.13 billion last year.
 
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i was reading a book on development economics, and they said that it all comes to self esteem of the people.. but it is so hard to measure. when you feel confident you spend more, the economy is in boom.. although not necessary. it can also mean that the economy is not growing at a fast pace, but there is enough for the needs of the people..and they are happy. a rickshawala in india might be earning a lot less, but he can be happier than an american who earns a lot more.. so how happy you are is the real measure, only problem is there is no accurate way to measure it.
 
Virtuoso said:
You are conveniently ignoring the fact that Bangladesh economy is getting stronger and this is just a matter of time that BD will become 2nd largest economy in South Asia. It will happen in 5/6 years time with current growth rate.

In 2012, Pakistan’s forex reserves fall to $13.50 billion
http://dawn.com/2012/12/06/pakistans-forex-reserves-fall-to-13-50-billion/.

Only 1 year ago it was $18b. This just shows how quickly Pakistan is going in the downhill. As of Jan,2013 Bangladesh foreign reserve stands at $13.04b. Bangladesh had less than 50% foreign reserve compared to Pakistan only 2 years back!!


Pakistan’s exports fell to $23.64 billion in 2011-12 from $24.82 billion in 2010-11, showing a decline of 4.75 per cent.

In last 12 months, Bangladesh performed better in international trade by narrowing trade deficit (approx $11,614 million) compared to Pakistan, which had broader trade deficit (approx. $21,288 million). Last year, Pakistan experienced a total export and import of $23,64 million and $44,912 million (cost and freight) respectively. On the other hand, the total export of Bangladesh amounted to US$24,301.9 million and the total import came down to $35,916 million (cost and freight). I don't think in 5 years time, you will be in a position to compare this. Bangladesh will be soon out of reach in the coming years. From IMF, Worldbank to every single social indicators suggested that Bangladesh is now heading to be the second largest economy of this region replacing Pakistan. And it will happen before 2020. I remember in 2005, when many economists predicted that BD export will overtake Pakistan's total export by 2010, many people were laughing. Albeit it happened 2 years later than it predicted but BD eventually achieved this and soon it will be 2 times bigger in next few years. If you consider where was Bangladesh 40 years back or even 10 years back, then you will get the answer. In 2012, the total foreign direct investment(FDI) in Pakistan was only $305.6m whereas Bangladesh received FDI of $1.13 billion last year.
Click to expand...
Let him hold on to the 'Pakistan has higher GDP per capita' thing. In 5/6 years even that will be gone. :))
 
GentleMan said:
i was reading a book on development economics, and they said that it all comes to self esteem of the people.. but it is so hard to measure. when you feel confident you spend more, the economy is in boom.. although not necessary. it can also mean that the economy is not growing at a fast pace, but there is enough for the needs of the people..and they are happy. a rickshawala in india might be earning a lot less, but he can be happier than an american who earns a lot more.. so how happy you are is the real measure, only problem is there is no accurate way to measure it.
Click to expand...

I don't know man, the way i see it 'self esteem' is not at all about spending money. If you have low self esteem, you will stay that way even if you earn a lot of money and start spending it on luxury items because there will always be someone who owns a more expensive and elegant item (or a girlfriend :D) than yours. You will feel awkward sitting next to him, him being richer, luckier than you will burn you deep inside. A man with a high self-esteem however will never feel that way.


Highly controversial assumption that.
 
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freelance_cricketer said:
I don't know man, the way i see it 'self esteem' is not at all about spending money. If you have low self esteem, you will stay that way even if you earn a lot of money and start spending it on luxury items because there will always be someone who owns a more expensive and elegant item (or a girlfriend :D) than yours. You will feel awkward sitting next to him, him being richer, luckier than you will burn you deep inside. A man with a high self-esteem will never feel that way.


Highly controversial assumption that.
Click to expand...

so it supports what i was saying, that per capita or the traditional measurements are not good enough.. how happy you are is what counts. that happiness can be because of money, love, religion, freedom, detachment...anything. maybe people from bhutan are more happy than americans..money means nothing if you are not happy.
 
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29
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459
sweep_shot
sweep_shot
Bhaag Viru Bhaag
‘Feel ashamed looking towards Bangladesh’: PM Shehbaz Sharif laments Pakistan's condition
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3
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604
deltexas
D
BouncerGuy
  • Poll Poll
How will history judge Donald Trump's second term as President of the United States?
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16
Views
590
BouncerGuy
BouncerGuy
Justcrazy
How to cope with "motion sickness"?
Replies
27
Views
525
Justcrazy
Justcrazy
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