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ECONOMIC DEVELOPMENT OF MOZAMBIQUE & PAKISTAN

ECONOMIC DEVELOPMENT OF MOZAMBIQUE AND PAKISTAN

This paper analyzes, compares and contrasts the long-term prospects for economic development in Mozambique and Pakistan.

Any projection several decades into the future on the economic development of these nations is an exercise in problematic forecasting. Nevertheless, one can confidently predict that neither of these countries, especially Mozambique, will develop at an even pace, and that both nations will face serious difficulties in developing their economic potential. The potential of Pakistan far exceeds that of Mozambique, which is currently an international economic basket case. Despite those facts, Mozambique may begin sometime in the early part of the 21st century to develop at a fairly rapid pace its rather limited potential but not before it passes through a difficult post-civil war period of adjustment. Mozambique should benefit during the next several decades from a more stable domestic and more benign external political and economic environment than it has faced during the past twenty years. In any event, its problems are much simpler than those of Pakistan.

In the past half century Pakistan suboptimalized its developmental potential for a variety of man-made and other reasons, which present serious obstacles to its future progress. Since these negative factors are not likely to diminish in importance at any time in the foreseeable future, Pakistan is likely to continue to stumble but nevertheless to make fairly steady economic progress in GDP. The bulk of its citizens will remain very poor.

Factors Promoting/Retarding Development in Mozambique

A Portuguese colony from the late 19th century until it achieved independence in 1975, Mozambique is a relatively small country on the Southeast coast of Africa. Prior to independence, it had a fairly primitive economy which was based on farming, fishing and services. Its principal cash crops are nuts, cot...

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ECONOMIC DEVELOPMENT OF MOZAMBIQUE & PAKISTAN. (1969, December 31). In LotsofEssays.com. Retrieved 07:54, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1681540.html