ROLE OF FOREIGN INVESTMENT IN BUILDING HEAVY INDUSTRIES IN PAKISTAN: 1985-95
The world is fast moving towards a globalized economy, however, certain factors are still there which allow the nation states to follow their indigenous policies for the purpose of economic and social development. This may be true for most of the countries whose gross domestic product makes them attain the status of developed societies, but in case of low-level income nations it is not entirely possible for the respective governments to pursue totally home grown policies. Such underdeveloped countries are plagued with the necessity of adhering to the dictates of the semi-globalized economy of the world and forces out side their control play a major factor in influencing policies at home.In this paper the writer has undertaken the job of seeing how a major factor of the semi-globalized world, i.e. foreign investment, effects the over-all industrial development of Pakistan. In this regards an effort will be made to not only to access the impact of investment on just the economy but also to see how the whole social structure of Pakistan is effected.
It is but natural that the economy of a country has a deep impact on its social structure. As the people change their life styles due to the shifts in the economic trends the social relations existent in the society undergo a massive change. New social variables and problems crop up for which new solution have to be found and incase the solutions are hard to come by, the entire society suffers. This is what exactly happened in the Pakistani society right after Pakistan embarked on the programme of using foreign assistance for sustainable development. The social Action Programme launched in 1991, along with many other poverty reduction initiatives of civil society, has started to correct the serious imbalance between economic and social development in Pakistan18. These purely economic disturbances resulting due to the structural faults in the mechanism of the utilization of foreign assistance coupled with the hap hazarad development in the social sector produced interesting socio-economic problems.
Some topics in this essay:
Zia Ayub,
Conclusion Introduction,
Action Programme,
Local Bodies,
World Bank,
TABLE CONTENTS,
foreign assistance,
economic social,
social development,
economic social development,
scale manufacturing industry,
bring development,
manufacturing industry,
social change,
scale industry,
foreign investment,
scale manufacturing,
gross domestic product,
manufacturing industry including,
grant grant assistance,
sustainable development,
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Approximate Word count = 1345
Approximate Pages = 5 (250 words per page double spaced)
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