Was this content written or created while at IBA?
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Document Type
Conference Paper
Publication Date
8-26-2004
Conference Location
Colombo
Conference Dates
August 26, 2004
Series
Faculty Research - Book Chapters and Conference Papers
First Page
1
Last Page
12
Keywords
Economy, Structural changes, Achievements, Future challenges, South Asia, Pakistan
Abstract / Description
The first decade of the 21st century is bringing about several fundamental structural changes in the economies around the world. South Asian economies have to accelerate the pace of internal transformation of their economies if they choose to benefit from the opportunities presented by these structural changes. There is a need to shift from the old paradigm of dependence upon official aid and putting blame on the unjust international economic order for their woes to the new paradigm of becoming an active participant in the emerging globalized economy. What are the key characteristics of this new globalized economy? First and foremost is an open trading environment in which low cost and reliable producers of quality goods and services are able to deliver them just in time will derive maximum gains. The countries in this environment will have to compete for market shares in their quest for selling goods and services to the rest of the world.
Recommended Citation
Husain, I. (2004). Future challenges facing South Asian economies., 1-12. Retrieved from https://ir.iba.edu.pk/faculty-research-series/200
