Regime.
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Now, we have a look at some of the trends and issues of
globalization,which may cause some impact on the economy of Pakistan. Capitalmo
vement is one such trend. In the absence of barriers, the investors moveand invest
the capital to more profitable and secure place. Pakistan is a riskyplace for the
investors, due to law and order situation and danger of
terrorattacks. The investment attracted even then has been concentrated inindustri
al sector or IT. Agriculture sector is deprived of it. The capital flowtowards the
country will have to be increased with special attention onagriculture
sector. The second trend is movement of people. Globalisation liberates theskilled
experts, professionals and labour to move from one country to theother to find
better employment. This transfer of human capital causes
adearth of skilled talent in the poor countries. Experts belonging to thescientific
status of a well developed, modern port. The country has tohave enough energy
and water resources to meet the currentneeds.
inputs,private firms can increase the production and the generalcondition of the rur
al people. These firms will buy big landholding to practice mechanized farming.
They must go for thenon-traditional crops to increase the exports as well as
employthe latest methods and adopt all the relevant variables with aview to
increasing yield in respect of the traditional crops. Thesefirms must have access to
the new knowledge and must impartit to the people.
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In short, a large scale of revolution in society, government andeconomy is the call
of hour. Globalization has brought us on a turn of historywhere we may either get a
lot or lose everything. Under the principle of survival of the fittest, either
we shall gain or lose. It depends upon ourpolicies and efforts.