At the 1989 project-conference itself, Professor Friedman made the following astute observation about all GNP, GDP etc growth-numbers that speaks for itself: “I don’t believe the term GNP ought to be used unless it is supplemented by a different statistic: the rate of growth of the average...
In terms of fiscal management, the record of both the countries is less than stellar. Higher fiscal deficits averaging 7-8 percent of GDP have persisted for fairly long periods of time and crowded out private capital formation through large domestic borrowing. Defense expenditures and internal debt...
At the 1989 project-conference itself, Professor Friedman made the following astute observation about all GNP, GDP etc growth-numbers that speaks for itself: “I don’t believe the term GNP ought to be used unless it is supplemented by a different statistic: the rate of growth of the average...
Overall, both India and Pakistan are near the bottom of the list of medium human development countries while Bangladesh shows up among low human development nations. This report is just another reminder that the governments and the peoples of the entire South Asian region have a lot of work to...
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