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26 Apr 2012

Eco401 GDB #1 solution spring 2012

Solution:
No country would like to be in a situation where there are only labor workers and no intellectual people which are able to manage the others. Loss of intellectual capital that is called brain drain can result in very severe circumstances. As future growth and innovation vusolutions creativity comes from such intellectuals, in their absence the growth will get stuck upto a specific level. The economic environment is continuously changing and for being competent, growth is necessary. But without intellectual peoples even economic survival is difficult. GDP of Pakistan will gradually move downwards. As there is very rare chance of growth if a contry continuously loss its intellectual capital.

Recommendations:
 Economic environment stability is necessary by govt intervention
 Business market stability and Job opportunities should be created
 Awareness programs regarding importance of intellectual people should be encouraged
 College and universities should be supported to increase more qualified people.

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