Publication Date
1-12-2024
Description
The three decades 1990-2020 ( despite the set backs of the Global financial crisis of 2009 and the pandemic of 2019) have resulted in remarkable gains for the Emerging and Developing Countries (EDCs). The hollowing out of the Soviet economy followed by the disintegration of the Soviet Union itself gave impetus to the trend of Deregulation, Privatization and Liberalization which was being followed by Japan, Korea, Singapore, Hong Kong and Taiwan .This trend was then emulated by the larger East Asian countries of Malaysia, Indonesia, Thailand the Philippines. The major and unprecedented break through came when China, the most populous country in the world , under the leadership of Deng Xiao Peng completely changed its development paradigm by integrating itself with the world economy, attracting foreign private investment, assimilating Western technology, and unshackling the private farmers and firms to participate in the production and distribution of goods and services.
Recommended Citation
Husain, I. (2024). Preparing Pakistan for Meeting the Challenges of the 21st Century. Retrieved from https://ir.iba.edu.pk/faculty-research-talks-speeches/143
Notes
Keynote address delivered at 11th Asian Management Research and Case Conference held at LUMS, Lahore on January 12th, 2024