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The way countries develop can teach us valuable lessons. To understand the success and failure of our neighboring countries, we need to compare the different phases of their strategies. China’s Developmental Phases: Pakistan’s Developmental Phases: In summary, China’s phased reforms from 1978 led to remarkable success, while Pakistan’s reforms from 1988 resulted in a slowdown […]

Recent Economic Data: (a) In the 1980s and 1990s, China experienced a growth rate of 10.3% in its GDP. India and Pakistan had almost the same growth rate during this period. (b) While many developed countries struggled to achieve a 5% growth rate, China consistently maintained a growth rate close to double digits for over