Here we have two Prime Minister from Pakistan and Bangladesh making a conference about economic obstacles where led to the development of the countries. Let we read what about discussion is… (^_^)
PM of Bangladesh: Hello my lovely friend, how are you??...how your country?
PM of Pakistan: Hello, I’m fine thank you…not really well because nowadays a lot of problem arises in my country and I should aware about it.
PM of Bangladesh: Oouww..poor u, In term of what my friend? Actually my country also has problems right now and I think I need opinion from you how to solve it.
PM of Pakistan: let we discuss together…I’m starting first, my country now not very develop because of several obstacle happen regarding the economics. If the economic performance since 1947 is evaluated, the overall results are not very encouraging. The per capita income at market price is only 925 dollars per year in 2007 in Pakistan. The major portion of the population is just above the poverty line (poverty line 23.9%) The disturbing feature of the economy is that whatever economic growth has been achieved, it is accompanied by unequal distribution of wealth. This has created social tension in the country and has slowed down the rate of economic growth. Pakistan has devised various strategies to quicken the tempo of economic development but it has not been able to break the cruel circle of poverty and enter into take off stage. The main obstacles which have affected the rate of growth in Pakistan are the use of low level of technology in various sectors of the economy. We do not stress and even do not recommend that Pakistan should adopt most modern and sophisticated technology.
PM of Bangladesh: For my country it is according to the inadequate infrastructure facilities. Inadequate infrastructure facilities can be analyze in term of transportation, water services and else. Inadequate infrastructure facilities usually occur in poor country. This obstacle will make the country hard to develop in economy aspects. The lack of adequate water services will cause of much disease and illness and make the people sick. When people in that country sick, they cannot do their work, so it will decrease the productivity in the country. For example, a girl in Dhaka, Bangladesh bathes in water leaking from a giant pipe on March 22, 2000. The lack of water facilities will effect on the development. It can be look on the people difficult to get food, drink and else because sources water is very important. This crisis will impact of the food production. According to BIPSS article in 2000 the data water is as such: 96% for agricultural use, 3% for domestic use, 1% for industrial use. Sources of Irrigation water in Bangladesh are: Surface water 30.8% and Ground water: 69.2%. 63% water is used in Agriculture which provides 19% of GDP. But for present shortage and crisis of acute water hampers those activities. Besides, agriculture also directly impacts the critical crisis, most especially through its impact on human nutrition, which is probably the major influencing human resistance to critical which is toxicity.
PM of Pakistan: It is a serious crisis actually. In my country the technology to be applied in several countries should be appropriate to the conditions existing in the countries. For instance, my people preferably use cheap sources of energy, simple farm equipment, smaller plants and scale of machinery etc suitable to the local conditions. When it is happen, it will lead to obstruct the development because will decrease our market in the international trade. If the countries was useful the technology properly that countries are consider as a develop countries as we know the technology of Japan and Korean (automobile & advance in vehicles industry), and US (in term of technology of scientist). If the certain countries low level of technology the society such as like my country it cannot develop their life itself because my citizens cannot compete with each other’s and lack of experience and expertise.
PM of Bangladesh: hurmm…yup I agree with u because relating with my country other obstacles also can effects the development such as transportation. For example, I make a comparison between Malaysia and Bangladesh, Malaysia transportation is better than my country. The transportation is very important in develop country. It is because, with transportation, it is easy for us to go to other places. In Malaysia, they have many transportation such as buses, taxi, train and else. For example, train, Light Railway Transit (LRT), compete with develop countries like Japan, Korean, US. It makes people easy to go other places in short duration period of time. In Bangladesh, have lower transportation facilities. It will difficult to people or citizens in Bangladesh too hard to go anywhere. Due to lack of infrastructure facilities make Bangladesh country faces difficulties to develop their country and still remain as poor country.
PM of Pakistan: We have discussed the major obstacles to economic development. The practical means of setting aside the barriers to economic development are now to be stored out. It is a big challenge to the planners. We are of the opinion that if following measures are right earnestly applied; the rate of economic development can go up.
PM of Bangladesh: Hurmm….ya, in your opinion what the best way to solving this problem?
PM of Pakistan: In my opinion to solve the obstacle arises in my country, firstly I should be Expanding the tax base. For expanding the resource base, it is necessary that the coverage of indirect taxes be reduced. In designing the tax reforms, care has to be taken to minimize burden on the common man. The share of direct taxes has also to be increased. Secondly, Industrialization. Another approach to development planning within the framework of mixed economy is to give priority to the establishment of those industries which meet the basic needs of the various sectors of the economy. The production of improved basic agricultural implements will greatly help in raising the agricultural production. Lastly, Promoting Technology. For economic take off, it is very essential that we take effective steps in promoting science and technology. The technological development will help in keeping our products and exports competitive in the world market.
PM of Bangladesh: woow…great idea you get, I should do an administration reform in my country, there should be far reaching administrative reforms in the country. The professionally qualified personnel should be inducted and assigned specific targets to be achieved in the allocated sectors. There should be reduction in the administrative expenditure also. In addition, Development of physical and human capital, development of physical infrastructure, roads, railways etc. and increased investment on education, health and nutrition etc. can play a dominant role in increasing economic development in the country. When these stages are stable and more effective my country will develop properly and can allow foreigner to invest and making a programs in term of infrastructure.
