ECONOMIC DEVELOPMENT OF MOZAMBIQUE & 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 ma

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region. Mozambique has agricultural and mineral resources which are under-exploited. The country is well-situated to serve as the trade outlet for 80 per cent of the commerce of its neighbors. Steps are underway to repair the transportation network and port facilities. In 1994, the government approved 25 foreign investment projects with a value of $130 million in fields such as domestic oil and gas production and hydroelectric power. The Economist applauded the recent election process and stated that President Chissano is genuinely popular (Economist, 18 January, 1992, p. 44 and 5 November, 1994, p. 46). Prakash Ratilal, a former governor of the central bank, forecast in 1992 that it would take Mozambique seven to ten years to recover from the civil war. All that can be safely said is that the country has nowhere to go but up and that most of the problems which have retarded its growth appear to be diminishing in importance. Key Factors Promoting/Retarding Economic Growth in Pakistan Pakistan has substantially industrialized since it became independent in 1947. This occurred even though partition made no sense from an economic point of view. Almost all the industry in the Indian subcontinent remained with India. Pa
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Some common words found in the essay are:
World Bank, Ms Bhutto, Africa Prior, Despite Mozambique, United Nations, Europa Yearbook, Investment Savings, Indus River, Southern Africa, Pakistan Lim's, economic development, foreign aid, international monetary, eiu 1995, united nations, europa yearbook, monetary fund, international monetary fund, economist intelligence unit, --- 1994, yearbook 1994, intelligence unit, europa yearbook 1994, economic development mozambique, monetary fund 1995,
Approximate Word count = 2233
Approximate Pages = 9 (250 words per page)

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