Showing posts with label 2012. Show all posts
Showing posts with label 2012. Show all posts

Wednesday, October 3, 2012

Pakistanis Rank High on Happy Planet Index

Pakistan ranks 16th among 151 countries of the world on the Happy Planet Index (HPI) 2012, slightly behind Bangladesh in 11th place but well ahead of India in 32nd spot.



 Earlier, Gallup 2012 Wellbeing survey reported that 20% of Pakistanis say they are "thriving", down from 32% last year. However, the report also  showed that more of them are still better off than their neighbors in Bangladesh (16% thriving) and India (11% thriving). The number of those "thriving" increased in Bangladesh by 3% and declined in India by 6%.
 
Here are some of the possible reasons:

1. Pakistan has continued to offer much greater upward economic and social mobility to its citizens than neighboring India over the last two decades. Since 1990, Pakistan's middle class had expanded by 36.5% and India's by only 12.8%, according to an ADB report titled "Asia's Emerging Middle Class: Past, Present And Future.

 2. Rising consumption of durables (cars, motorcycles, tractors, Appliances) and non-durables (FMCGs or fast-moving consumer goods) as well as increasing cement sales are indicative of the underlying strength of the economy.

3. Pakistan's undocumented economy is continuing to thrive as seen in packed shopping malls and restaurants.

4. There are double digit increases in cash remittances flowing in to Pakistan from the world's seventh largest diaspora, rising 21.45 percent to $9.73 billion in the first nine months of the 2011/12 fiscal year.

5. Karachi stock index is booming, hitting new 4-year highs. Share prices are driven by healthy profits and foreign buying, making KSE-100 the third fastest growing index in the world.  

6. Even the preliminary official estimates are indicating that Pakistan's nominal per capita income has increased by 9% to $1,372 in 2011-12 from $1,258 in 2010-11.

7. Preliminary estimates are showing that poverty rate in Pakistan has declined from 17.2 per cent in 2008 to slightly over 12 per cent in 2011.

The Gallup survey confirms that only 28% of Pakistanis have confidence in their national government. In my view, it stems from the obvious failure of the state in delivering basic services such as rule-of-law, security and electricity to the people .  The best way to improve the wellbeing of the people is to improve governance, reduce corruption and persuade people to pay taxes to give the state more resources.


Coming back to HPI 2012, the Happy Planet Index website says that "the new HPI results show the extent to which 151 countries across the globe produce long, happy and sustainable lives for the people that live in them." "The overall index scores rank countries based on their efficiency, how many long and happy lives each produces per unit of environmental output", it adds.

 There are three components of HPI – life expectancy, experienced well-being and Ecological Footprint - that each country is measured on. The scores for each component are color-coded green (good), yellow (middling) and red (poor). An additional color-code deep red is used for countries with poor score in one of the three components of overall HPI score.

Among South Asian nations, India, Pakistan and Bangladesh are rated as "middling", while Sri Lanka, Nepal and Myamar are rated poor.



The top-ranked countries are mainly from Latin America with Costa Rica occupying the top spot. The bottom of the list includes sub-Sharan African nations with Botswana at the bottom.



Related Links:

Haq's Musings

Upwardly Mobile Pakistan

Pakistanis Rank Above Neighbors on Gallup Well-being Index 2012

Economic Survey of Pakistan 2011-12

US Technical Analyst Bullish on Pakistan

Pakistan on Goldman Sachs' Growth Map

Pakistan's 64 Years of Independence

Goldman Sachs & Franklin-Templeton Bullish on Pakistan

Emerging Market Expert Investing in Pakistan

Pakistan's Demographic Dividend

Genomics & Biotech Advances in Pakistan

The Growth Map by Jim O'Neill

Pakistan Rolls Out 50Mbps Broadband Service

More Pakistan Students Studying Abroad

Inquiry Based Learning in Pakistan

Mobile Internet in South Asia

Online Courses at Top International Universities

Monday, August 13, 2012

Upwardly Mobile Pakistan on 66th Independence Day

Pakistan has continued to offer much greater upward economic and social mobility to its citizens than neighboring India over the last two decades. Since 1990, Pakistan's middle class had expanded by 36.5% and India's by only 12.8%, according to an ADB report titled "Asia's Emerging Middle Class: Past, Present And Future.

New York Times' Sabrina Tavernise described the rise of Pakistan's middle class in a story from Pakistani town of Muzaffargarh in the following words:

For years, feudal lords reigned supreme, serving as the police, the judge and the political leader. Plantations had jails, and political seats were practically owned by families.

Instead of midwifing democracy, these aristocrats obstructed it, ignoring the needs of rural Pakistanis, half of whom are still landless and desperately poor more than 60 years after Pakistan became a state.

But changes began to erode the aristocrats’ power.
Cities sprouted, with jobs in construction and industry. Large-scale farms eclipsed old-fashioned plantations. Vast hereditary lands splintered among generations of sons, and many aristocratic families left the country for cities, living beyond their means off sales of their remaining lands. Mobile labor has also reduced dependence on aristocratic families.

In Punjab, the country’s most populous province, and its most economically advanced, the number of national lawmakers from feudal families shrank to 25 percent in 2008 from 42 percent in 1970, according to a count conducted by Mubashir Hassan, a former finance minister, and The New York Times.

“Feudals are a dying breed,” said S. Akbar Zaidi, a Karachi-based fellow with the Carnegie Foundation. “They have no power outside the walls of their castles.”




GeoTV is illustrating  this welcome phenomenon of upward social mobility in Pakistan with a series of motivational "Zara  Sochiey" videos on young men and women who have risen from humble origins to achieve significant successes in recent years. Each individual portrayed in the series has overcome adversity and  focused on acquiring education as a ticket to improve his or her economic and social situation.

GeoTV videos feature a number of young men and women, including Saima Bilal, Kashif Faiq,  Qaisar Abbas and many others, to inspire and encourage other Pakistanis to pursue their dreams against all odds.

Contrary to the incessant talk of doom and gloom, the fact is that the level of educational attainment has been rising in recent decades.  In fact, Pakistan has been increasing enrollment of students in schools at a faster rate since 1990 than India, according to data compiled and reported by Harvard University researchers Robert Barro and Jhong-Wa Lee . In 1990, there were 66.2% of Pakistanis vs 51.6% of Indians in 15+ age group who had had no schooling. In 2000, there were 60.2% Pakistanis vs 43% Indians with no schooling. In 2010, Pakistan reduced it to 38% vs India's 32.7%.
 

Source: Harvard Business Review


As of 2010, there are 380 (vs 327 Indians) out of every 1000 Pakistanis age 15 and above who have never had any formal schooling. Of the remaining 620 (vs 673 Indians) who enrolled in school, 22 (vs 20 Indians) dropped out before finishing primary school, and the remaining 598 (vs 653 Indians) completed it. There are 401 (vs 465 Indians) out of every 1000 Pakistanis who made it to secondary school. 290 (vs 69 Indians) completed secondary school  while 111 (vs. 394 Indians) dropped out. Only 55 (vs 58 Indians)  made it to college out of which 39 (vs 31 Indians) graduated with a degree.



Education and development efforts  are beginning to bear fruit even in remote areas of Pakistan, including Federally Administered Tribal Areas.  The Guardian newspaper recently reported that FATA's Bajaur agency alone has 616 school with over 60,000 boys and girls receiving take-home rations. Two new university campuses have been approved for FATA region and thousands of kilometers of new roads are being constructed. After a recent visit to FATA, Indian journalist Hindol Sengupta wrote in The Hindu newspaper that "even Bajaur has a higher road density than India"

 Prior to significant boost in public spending on education during Musharraf years, the number of private schools in Pakistan grew 10 fold from about 3000 in 1983 to over 30,000 in 2000. Primary school enrollment in 1983 has increased 937%, far greater than the 57% population increase in the last two decades.

Unfortunately, there has been a decline in public spending on education since 2008, even as not-for-profit private sector organizations, mostly NGOs, have stepped up  to try to fill the gap.  Last year, a Pakistani government commission on education found that public funding for education has been cut from 2.5% of GDP in 2007 to just 1.5% - less than the annual subsidy given to the various PSUs including PIA, the national airline that continues to sustain huge losses.


Clearly, this is not the time for Pakistan's political leadership to let up on the push for universal education. The momentum that developed in Musharraf years needs to be maintained, even accelerated to get to the goal of 100% literacy and 100% enrollment of all children in Pakistan. Nothing less will do if Pakistan is to achieve economic competitiveness on the global stage.

Here are some of  GeoTV's Zara Scohiye video clips:

 



 



Related Links:

Haq's Musings

Educational Attainment in Pakistan

Foreign Visitors to Pakistan Pleasantly Surprised

Pakistan's Infrastructure and M2 Motorway

India Pakistan Comparison 2011

Resilient Pakistan Defies Doomsayers


FMCG Consumption Boom in Rural Pakistan

Pakistan Visits Open  Indian Eyes