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Pakistan Economy: Instability
in the Indian Neighbourhood The Pakistan government claims that its real GDP growth rate has touched 8.4 per cent making it the second fastest growing economy after China in 2004-05. Aftab Rizvi argues that in the absence of democratic institutions, growing sectarian violence, and non-existent social infrastructure, sustainable economic development for Pakistan will continue to be a pipedream. Also, the lack of democratic institutions and continued religious conflict within Pakistan greatly lowers its investment potential.
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A New Wave of Democracy - A South Asian Perspective By Dr.N. Bhaskara Rao Democracy in South Asia is constantly evolving. In 2004, the key trends include a churning of political processes; realignments among political parties; and a revitalisation of democratic processes at the grassroots. Three countries in the region (India, Sri Lanka and Nepal) held general elections in 2004. A new wave of democracy has been unleashed in the region. Today, free speech, free press and freedom of association are a given in the democratic countries in South Asia. The focus now is on accountability, transparency, responsiveness and performance of governments. More people, who were hitherto marginalised and could not access the benefits of democratic processes, are now being swept up in this wave. The frustration of people who have suffered due to prevalent inequalities in society in these countries is the driving force of change. Devolution of power to local communities and improved electoral practices are at the heart of the democratic processes taking place. [Full Article]
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