writes the solutions of effects of debt crises on poors in Pakistan? In own words plz
Answers
Answer:
The core purpose of the present study is to investigate the impact of debt on overall GDP, manufacturing sector growth and unemployment situation of Pakistan. By applying OLS technique for analysis on the secondary data for the period 1989-90 to 2009-10, the study results that these are actual expenditures on debt servicing which are mainly responsible for the worst situation of less productivity, increasing unemployment and less contributing manufacturing sector. Whereas the external debt and liabilities to GDP ratio is found positively related with the growth of manufacturing sector. External debt and liabilities to GDP ratio has been found to have positive and statistically significant relationship with the overall GDP levels of the economy. The study strongly suggests reducing the expenditures on debt servicing, to utilize the external debt on more productive expenditures, to reduce the population growth rate, to control the hyper inflation, and to reduce the overall government deficit in the economy.
Answer:
Pakistan is the worst country ever