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What is there any solution for developing countries like Pakistan to overcome the economical challenges?

 What is there any solution for developing countries like Pakistan to overcome the economical challenge

Problems of  Developing countries like Pakistan

All the world especially developing countries have low growth rate and low productivity. These countries have been facing several economical challenges for many decades like unskilled labour, climate change, unemployment, politically mismanagement, over population, unfavorable structural issue, low infrastructure, inflation, unbalanced BOP, external and internal debt, foreign intervention socially and economically,  These issues are a cause of low economical status.

Need of proper allocation of  population and resources

In this perspective mentioned above, labour should train and unitize them in manufacturing and production because production is as important as manufacturing due to the drought of food in coming years. By using labour intensive techniques, the expenses of imports of technological goods will be decrease and free people can earn their livelihood and can developed their standard of living.

Manufacturing activity should be also export oriented. In this way foreign exchange can be earned by export to heel the damaged economy.

Hurdles in the way of development

The consumer in the developing countries have 32 times less resources than developed countries.Poor infrastructure and no check and balance on protection of intellectual rights are major hurdles.So it is neccessary to provide the protection and a stronge infrastructure to capture the attention of economical factors. Aftet over come these hurdles the gao between two main class like lower class and upper class will be fill and then the probleme of unequal distribution of money will be solved.

Mostly developing countries are agricultural based, but the people of village and peasants are much effected by envirnmental changes. unskilled workforce leads to low productivity in agriculture. So it is essential to educate the people. They should train with proper way to use the modern tools like heavy michinary to get more production 

The move of villagers towards the cities is also a big problem. Because cities are not able to accumudate new migrated population because of the lack of facilities. This migration gives birth so many new challenges in cities  If the workforce adjusts in villages with proper emploment facilities than the move from villages to cities can be stop.

New affiliate industries should be developed in UDC's for use of agricultural raw material. In this way foreign exchange can be in earned by exports, and more oppertunities can be produce to develope the economy in UDC's.

What is there any soulution for developing countries


In the perspective of Pakistan

Most if developed countries have agrarian economy like Pakistan. Pakistan has  been employing approximately 43% of its economically dynamic people.As a result development has been deteriorating for many years. So it is the need of time to take some steps to overcome these issues

  1. Increase technological innovation.
  2. Increase agrarian  production.
  3. To gain political stability.
  4. Key economic sectors should be pushed by the activity of research & development.
  5. Ensure the best allocation of natural and human resources.
  6. To establish the fair and loyal political setup. 

  7. Make a chain of industries related to each other for production by using agricutural raw material.

  8. Government should increase budget on education especially for research and technology.

  9. Try to facilitate rural population in rural areas inspite of migration 

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