Economics, Paper II

Economic development is an innovative process leading to structural transformation of social systems. It is a phenomenon known for the transmutation of existing conditions by expanding the socio physical infra-structure of an economy for improving the quality life of the masses. It can be achieved only through proper implementation of a well woven plan. Examine the statement?

Capital widening and Capital deepening requires the capital stock to grow faster than the labourforce. It is time we must change our priorities, unless it is properly developed, tangible results cannot be realized. Discuss with reference to power and communication sector. Give suggestions.

National planning in Pakistan has faced numerous upheavals which has subjected the national process of planning to many ups and downs, which consequently lead the economy to search new strategy of diversified sources of external assistance. That is why planning process did not reflect any clear cut vision of a socio economic policy? Critically examine the statement?

Foreign direct investments are not flowing-in any sizable extent. With tight situation in terms of availability of assistance, can we raise sufficient revenue to cover our development and non development expenditure. How can we do it? Suggest measures?

The economy needs new directions based on long term self reliance. The time has come to deal with causes and cures of mass poverty. National income determines the economic status of a country's economy. Signify the National income in a country?

We have plenty of economic potentials but what is lacking and lagging behind is the competency and capability to utilize the hard earned scarce resources. The rich have learned it and have started walking on the tight rope. Now their problem is not to study the pros and cons of their productive sectors, rather have focused attention on exploring multiple opportunities. Discuss?

When we look into the past, we find that industrial sector has resulted in a low or negative productivity, operating below Break Even Point, causing all its working and paid up capital under financial constraints with no possibility of capital returns. What is needed is the creation of conducive environment. Suggest the remedial measures for environment management in an economy.