Originally Posted by musmanhussain

‘Politics, not economics is the key to Success’
1. Introduction
1.1. Political integration leads to economic integration
1.2. Politics is a decisive factor behind economic success
2. Success stories of politically and economically stable countries and organizations
2.1. China second largest and fastest growing economy
2.2. South Korea: the particular vision is road to success with her strong and charismatic leadership
2.3. Brazil, a new emerging economy after defeated all apartheid movements
2.4. Japan, a world technology leader with its political decision making
2.5. The European Union, one and only successful organization in the world and an epitome of political alliance
3. Why politics is necessary for economic growth and development?
3.1. For the promotion of bilateral and multi-lateral trade agreements among the democratic nations( CPEC, TAPI gas pipeline etc.,)
3.2. For the supervision, distribution and regulation economic plans and development budgets
3.3. For the implementation of national and international sustainable and millennium development goals
3.4. For the removal of poverty, illiteracy, social crimes, unemployment, inflation and food insecurity etc.
4. Can economic prosperity be achieved without a political will? NO: Because
4.1. Democratic nations would like to work with democratic nations( e.g. bilateral trade agreements, GSP plus status from EU,MFN status from any country and composite dialogues between the nations is a result of political leadership,)
4.2. No foreign direct investment without a diplomatic political relationship
4.3. Economics fails in distribution of resources
5. Industrial revolutions in the world is a result of restructuring the political set up to bring a demographic change in the life of a man
6. Conclusion:
6.1. Economics without politics is like a body without soul
6.2. Panacea of all economic ills lies in a strong political system
INTRODUCTION:
The main instrument of any country is her political system. Economics works under the supervision of its political system. All type of economic decisions and matters regarding the making of fiscal and monetary policy is taken according to the guidance of political leadership. Neither any economic plan nor economic policy would be effective without political roadmap. It is evident from the history of Pakistan that none of the five year economic plan could bring any positive change in the socio-economic narrative of Pakistan due to political instability. Failure of politics means failure of every organ of state; it ensures balance among state organs, maintains a standard of progress and good governance. Political disintegration leads to chaos, poverty, terrorism and ultimately no economic and social policy become successful. The backwardness of the underdeveloped countries is not because their economic system fails; it is the outcome of their political imbalance. Economic self-reliance cannot be achieved without a strong political will. Politically stable countries are the masters′ of the world and their voice is given a due importance in the comity of nations. No nation can reach to the pinnacle of glory without a strong and stable political system.
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