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Global Trade and Technology as Indicators of Competitiveness and Economic Development: A Study of Pakistan’s Position in International Market

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Listed:
  • Muhammad Azhar Khalil*

    (Graduate School of Development Economics, National Institute of Development Administration, (NIDA), Bangkok, Thailand)

  • Rashid Khalil

    (Department of Economics, Finance & Banking, Islamic Business School, University Utara Malaysia)

  • Iqra Arshad

    (Graduate School of Development Economics, National Institute of Development Administration, (NIDA), Bangkok, Thailand)

  • Muhammad Khuram Khalild

    (Faculty of Environmental Management, Prince of Songkla University, Thailand)

Abstract

The idea of competitiveness has been broadly accepted and has turned into a part of debate in international forums. Today world-wide economy cannot be enlightened by using the same approach without innovative technology as it was a few decades before. When progresses of the firms and states are observed, public generally regard international competitiveness as critical part of the debate. The study in this paper attempts to evaluate position of Pakistan’s economy with the perspective of International Competitiveness in terms of its technological development and trade progress. It’s concluded that export markets can be strengthening by the countries with the passage of time. There is crucial requirement to improve their technological progress and governance. Pakistan is passing through the stage where there is need to employ the standards of international competitiveness. The study is sum up by explaining a suggestion to government of Pakistan with the key highlights that higher technological exports will comes true only by intensification of research and development via investment in the human capital of the economy. This entail mutual efforts from three major players; individuals, business entrepreneurs and government.

Suggested Citation

  • Muhammad Azhar Khalil* & Rashid Khalil & Iqra Arshad & Muhammad Khuram Khalild, 2018. "Global Trade and Technology as Indicators of Competitiveness and Economic Development: A Study of Pakistan’s Position in International Market," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 498-504:2.
    • Handle: RePEc:arp:tjssrr:2018:p:498-504
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    References listed on IDEAS

    as
    1. Rashid Amjad, 2005. "Skills and Competitiveness: Can Pakistan Break Out of the Low-Level Skills Trap?," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(4), pages 387-409.
    2. Lall, Sanjaya, 2001. "Competitiveness Indices and Developing Countries: An Economic Evaluation of the Global Competitiveness Report," World Development, Elsevier, vol. 29(9), pages 1501-1525, September.
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