The technocratic illusion of why poverty exists
While the old global order will take time to remould, echoes of fresh ideas grounded in the latest research by academic social scientists are reverberating across the international political, economic and social landscape, with the potential to shape a bright future for overlooked and distressed citizens.
To quote eminent US economist William Easterly, the new research shows that, “When the rights of the local people are respected, new trade happens, new technologies happen, and new public services happen.”
Entrepreneurs and innovators do not merely add to what exists; they destroy what is obsolete to make way for what is productive, says Karachi-based analyst Haroon Rashid Siddiqui. We need a new social contract and one that is indigenous and civil-society-inspired, says senior journalist Ishtiaq Ali Mehkri.
On Jan 26, the Monetary Policy Committee said economic activity continues to gain momentum faster than anticipated, mainly led by domestic-oriented sectors, owing — among other factors — to a stronger-than-expected pick-up in domestic demand.
Pakistan’s path to productivity and prosperity lies in renewing democratic institutions, empowering citizens, and rebuilding a just social contract
Arbitrary decision-making without principles and the violation of social justice make institutions dysfunctional, leading to overlapping functions. The institutions have to be redesigned as........
