A Comparison of Economic Growth and Development: Pakistan and Similar Countries

From 1975 to 1995, there was little difference between Israel, Malaysia and Pakistan. Between 1995 and 2005, Israel's annual gross domestic product (GDP) was the best among the three countries. Since 2005, Malaysia has taken over in three countries, with the highest gross domestic product (GDP). Among the four countries, Pakistan has the lowest annual gross domestic product (GDP). Per capita gross domestic product (GDP) will give us a better understanding of the economic well-being of these countries.

Pakistan has a semi-industrial economy. The economy of the country is growing very powerfully along the Sind River (Indus), and various economies such as Karachi, Lahore, Faisalabad are located in lower development areas in other parts of the country. Pakistan's economic growth rate has increased over the past 40 years and is becoming increasingly stronger than in 1947. However, there are not enough facilities yet to satisfy the economic needs of the population. Existing antimicrobial soap manufacturers have begun activities to educate people about bacterial infections in the country, but there is still a large market. Johnson & Johnson believes that there are opportunities to capture the rural areas of countries where people are not ready to buy these antibacterial products.

Pakistan is a developing economy facing major problems such as political instability, inflation, slowing economic growth and high interest rates. Due to the global credit crunch, developing and developing countries must face countless problems. But Pakistan is lucky to be able to recover from a bad patch. It is in the recovery phase and hopes to achieve it as soon as possible. The research theme is about economic growth in Pakistan. The data collected is from 1997 to 2007, showing an overall increase by 2005 and a slight decrease thereafter. Variables that may affect economic growth are inflation, investment, a wide range of money supply, and interest rates. To see the relationship with economic growth, they are also measured