Tuesday, May 22, 2012
VIEW: Waiting for a Pakistani Erdogan! — Aqdas Afzal
The would-be Pakistani Erdogan should try to obtain political experience, preferably as a local mayor, before making a dash for the prime ministerial slot
National elections in Pakistan are around the corner and if certain polls are to be believed, Pakistan may have a new prime minister in 2013, if not sooner. In order to deliver the Pakistani nation from the economic doldrums, the next prime minister will have to learn quickly and act even faster. The spectacular success of the Turkish Prime Minister, Recep Tayyip Erdogan (pronounced: Er-do-ahn), in pulling Turkey back from the economic brink and placing his country on the road towards economic prosperity offers an instructive case in point.
Recently, Pakistani politicians and policymakers seem to have rediscovered Turkey. ‘All things Turkish’ has become the new fad judging by the endless references to that country on primetime television. Shahbaz Sharif, the Chief Minister of Punjab, has been a regular visitor to Turkey, where, according to sources, he has been tirelessly working towards bringing Turkish investment to Pakistan. A few months back, Imran Khan visited Turkey from where he tweeted about his appreciation for that country’s successful development model, particularly since Erdogan’s Justice and Development Party (known in Turkey by the acronym AKP) came to power in 2002. In other words, it seems Turkey is now going to be our role model on the road to development.
Turkey has made tremendous economic progress since the AKP took over in 2002. Data obtained from the World Bank shows that during the nine years preceding AKP’s arrival at the helm (1993-2001), the average gross domestic product (GDP) growth per year was three percent. However, in the nine years under AKP (2002-2010), the GDP growth increased at an impressive five percent per year — at five percent annual growth, it would take about 14 years for the present Turkish real GDP to double, as opposed to 23 years at three percent. During the same period, inflation amounted to an average annual increase of 76 percent in prices before AKP. Since the AKP has taken over, the average annual inflation has come down to 15 percent in the nine years from 2002-2010. In 2002, the Turkish per capita income was $ 3,553. It has now increased to $ 10,094 (2010) — almost triple.
Turkey’s economic performance has been so impressive by international standards that Jim O’Neill, who coined the acronym BRICs in order to categorise Brazil, Russia, India and China as the most attractive emerging economies in 2001, has recently come up with a new list of promising emerging economies. O’Neill’s new list is denoted by the acronym MIST that now includes Turkey besides Mexico, Indonesia and South Korea....
Don't know why I can't fix this link. Copy/paste into your browser, should take you there, worked for me. D.
Last edited by Exit40
on Tue May 22, 2012 9:08 am, edited 2 times in total.
Eph 2:8 For by grace are ye saved through faith; and that not of yourselves: it is the gift of God
T'was Grace that taught my heart to fear.
And Grace, my fears relieved.
How precious did that Grace appear
The hour I first believed.