📌 Key Highlights & Quick Takeaways:
- The severe criticism of economic experts on the economic situation of the country in the conference held in Harvard University regarding Pak.
- Nobel laureate economist Prof. Daron Ajamoglu said that Pakistan's economy has stagnated for the past three decades and said that weak insti.
- According to him, in the rapidly changing world scenario of artificial intelligence, Pakistan is in danger of being left behind due to the l.
The severe criticism of economic experts on the economic situation of the country in the conference held in Harvard University regarding Pakistan ("From Potential to Performance") has sparked a new debate.
Nobel laureate economist Prof. Daron Ajamoglu said that Pakistan's economy has stagnated for the past three decades and said that weak institutions, insufficient investment in education and low rate of tax collection are the main reasons for the economic backwardness of the country.
According to him, in the rapidly changing world scenario of artificial intelligence, Pakistan is in danger of being left behind due to the lack of digital infrastructure. Professor Atif Mian, a well-known economist who participated in the conference, also described the lack of strategic vision, the supremacy of elites, unequal economic development and the failure to establish internal peace as the main problems in Pakistan.
He said that Pakistan can shift its transport sector to electricity to overcome its energy crisis, but resistance from powerful interest groups remains an obstacle.
