need some views on this topic ?
what are the impact of structural transformation on pakistan's economy ??
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Structural transformation increased the share of manufacturing and declining the share of agriculture on the economy of Pakistan. In the recent times the services sector share has increased from manufacturing as well and more than 50% of GDP come from output of Services sector. However, still the major labor workforce of Pakistan is in the Agricultural sector because the Services sector is insufficient to accomodate large number of workforce in Pakistan.
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[QUOTE=haseebbaloch;940670]what are the impact of structural transformation on pakistan's economy ??[/QUOTE]
Bro this very easy question Impacts: Boost efficiency,reduce cost,time and energy Increase in production,increase in exports Boost GDP,more FDI and competetion among local and foreign entrepreneurs,increase joint venture Enhanced trade,bye bye to aid Market competetiveness at local and international level Boost investment of a efficient country into another poor state Currecy level increase More oportunity to utilize more resources Reduced unemployment and labour power Will help to maintain peace at national and international level Less imports more exports,boost manufacturing facility Note; I just made it by common sense.i m not student of economics😁 |
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