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Globalization in Pakistan

 Anish Poddar , Salman Zafar 

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Contents

� Background of Pakistan

� What is Globalization ?

� Effects on the economy of Pakistan

� Gross National Product

� Growth of Imports and Exports

� Inflation rate at CPI

� Advantages

� Disadvantages

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What is Globalization

� Globalization can be defined as worldwide integration of;

Economic

Cultural

Political

Social

Religious

Financial Systems

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Effect on the economy

� The structure of the Pakistani economy has changed from a mainlyagricultural base to a strong service base.

� The size of GDP increased three times from Rs 2,938 billion in

1998-99 to Rs 8,716 billion in 2006 -07. $446.1 billion (2007 est.)

� Annual per capita income: US $ 2,400

� Agricultural growth rate: 7.5%

� GDP - real growth rate: 5.3% (2007 est.)

� Inflation rate : 7.6 % ( CPI figures )

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Gross National Product

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Growth Rate of Imports/Exports

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Inflation Rate at CPI

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 Advantages to Globalization

� Foreign investment now worth: $14.67 billion

� Increased economic growth rate

� World wide access to commodities

� Superior market for trade

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Disadvantages to Globalization

� High cost of living leads to inequality of wealth.

� Accused of dilluting tranditional Islamic culture.

� Excessive westernisation (diminishing cultural identitiesand values).

� Environmental damages due to ongoing construction.

� Labour exploitation.

� More competition in domestic market.

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Conclusion

� Background of Pakistan

� What is Globalization ?

� Effects on the economy of Pakistan

� Gross National Product

� Growth of Imports and Exports

� Inflation rate at CPI

� Advantages

� Disadvantages

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References

� https://www.cia.gov/library/publications/the-world-factbook/print/pk.html

� http://www.globalization101.org/

� http://www.pide.org.pk/pdf/psde%2018AGM/ImpactofGlobalizationOnPakistans.pdf 

� http://www.statpak.gov.pk/depts/fbs/statistics/yearly_inflation/yearly_ inflation.html

� www.tradingeconomics.com