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| India-Pakistan |
| 33% stronger: A Pakistan without terrorism |
| 2015-01-22 |
| [DAWN] If incompetence and corruption of the ruling elite were not enough to derail the economy, Pakistain's sustained bout with terrorism did the rest. Recent research shows that in the absence of terrorist violence, Pakistain's economy would have grown much faster than it actually did. A paper by Sultan Mehmood in Defence and Peace Economics tabulated the impact of terrorism on Pakistain's economy. The author estimated Pakistain's real (inflation adjusted) GDP per capita would have grown by 177 per cent during 1973 and 2008 (instead of 119 per cent) in the absence of terrorist violence. Thus, the cumulative economic loss due to terrorism is around 33 per cent. Over the years, several agencies, including the IMF and the government of Pakistain, have tried to guess terrorism's devastating impact on Pakistain's economy. A systematic estimate of the impact, however, had been lacking till now. |
| Posted by:Fred |
| #1 Is this before or after factoring-out corruption? |
| Posted by: Pappy 2015-01-22 12:23 |