Roundup of Dr Atif Mian’s podcast with Shehzad Ghias Sheikh .

 

Roundup of Dr Atif Mian’s podcast with Shehzad Ghias Sheikh

1- Follow Socratic Methodology

2- Pakistan is not a poor country

3- Pakistan’s elite is unproductive

4- Pakistan’s women are discriminated

5- Under 5 mortality is 115,000 per annum which is negative marker on per capita income

6- Investment is 50% low as it should be

7- Exports are 50% low due to unproductive elite

8- Pakistan has a skewed and unequal process of development involved in Land brokerage and rent seeking

9- Pakistani elite mints illegal value by seeking Govt incentives in real estate

10- Real estate tycoons rob value created by productive middle class professionals and traders by converting agriculture land in the urban areas.

11- The investment should be diversified and given to productive section of the society

12- Land should be taxed so that real estate becomes unattractive

13- Invest in the right sector especially hi-tech.

14- Pakistan must create an ecosystem based on cash flows in emerging sectors to shift the economic dynamics to overcome existing inefficiency

15- Private Sector’s inefficiency is beholden to the greed while losing opportunities for not sharing

16- National dialogue is essential despite all differences as Pakistanis sail one ship and should not go to a point of no return as it will not help achieve national objectives.

17- Book Recommendation:

Radical Markets: Uprooting Capitalism and Democracy for a Just Society by Eric Posner and Glen Weyl.