2007-02-15 14:53:32 · 7 answers · asked by Stacey 2 in Education & Reference ➔ Homework Help
It is very much a third-world economy, meaning that the majority of people are living at the edge of poverty in agricultural villages. There is a scientific and industrial sector that is actually quite strong, but it is crippled by a very longstanding tradition of corruption and general incompetence. Governments, both local and national, are not cooperative to someone who wishes to start a new business or expand an old one, and the courts are not equipped to enforce a business contract.
In short, they don't enforce their laws. The nation has a strict anti-pollution code and child labor laws. It has banking and commercial codes which, if enforced, are the equivalent of Britain's. But none of this matters, because none of the laws are enforced.
It is said in Asia and Africa that we in the US are lawless--I suppose they look at our crime movies. Little do they know that our high standard of living derives from the fact that we're the most law-abiding people on Earth. For example, if you sign a loan contract at the bank, you had best be prepared to repay that loan, or the bank will collect the collateral, and the sheriff will make sure it gets collected. Therefore, the bank will not be reluctant to extend you a loan in the first place, and thus your business can grow.
2007-02-15 15:03:56 · answer #1 · answered by 2n2222 6 · 0⤊ 0⤋
paka-where?
Pakistan......
Pakistan is a developing country with the world's sixth-largest population, and an economic growth rate that has been consistently positive since a 1951 recession. At purchasing power parity, Pakistan GDP in 2006 was estimated at approximately $439.7 billion, larger than that of Saudi Arabia, but slightly smaller than the GDP of the Philippines.
2007-02-15 22:57:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
GDP (purchasing power parity): $427.3 billion (2006 est.)
GDP (official exchange rate): $124 billion (2006 est.)
GDP - real growth rate: 6.5% (2006 est.)
GDP - per capita (PPP): $2,600 (2006 est.)
GDP - composition by sector: agriculture: 22%
industry: 26%
services: 52% (2006 est.)
Labor force: 48.29 million
2007-02-15 23:11:08 · answer #3 · answered by ashka 1 · 0⤊ 0⤋
You mean Pakistan? stockbreeding
2007-02-15 22:57:22 · answer #4 · answered by Gone 4 · 1⤊ 0⤋
very poor
2007-02-15 23:15:43 · answer #5 · answered by Matt H 1 · 0⤊ 0⤋
pretty crappy, and it's pakIstan, not pakastan
man, you ignant!
2007-02-15 22:57:03 · answer #6 · answered by junk doctor 3 · 0⤊ 0⤋
$&^%&^%&*^*&^&&^*(&(**()*()**()*()*)(*9^&^%^#%@$#@%#^$^%^&*^&*^&^#$W%#%$##$&^%^%*%^ WHO CARES????
2007-02-15 22:57:27 · answer #7 · answered by Anonymous · 0⤊ 0⤋