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The financial crisis across the globe and the ensuing responses by nations and non-state actors has dominated both public consciousness and political debate in the recent past. The discussion on suitable stimulus packages, the causes for the financial disorder and future restructuring of the financial systems has often been dominated by the rhetoric of specific constituencies serving individual interests even as it loses sight of the substantive
The likelihood of Pakistan defaulting on its foreign obligations this year appears more imminent than ever
This paper dissects the causes behind Pakistan’s ongoing economic crisis. The causes include dwindling forex reserves, the phenomenon of ‘galloping inflation’, a falling Pakistani Rupee, uncompetitive and undiversified export basket, burgeoning external debt, lack of fiscal prudence, debt distress, and a worsening business environment—all cascading to a balance of payment crisis. While austerity measures, appeals for loan rollover to debt
Massive migrations, triggered by natural calamities and the decade-long 'war on terror', are severely testing state's credibility and capability in Pakistan. Reeling under the cumulative effect of terrorism and economic meltdown, Pakistan, with a growing population.
Myanmar is currently fraught with rising humanitarian needs, and an impending economic meltdown that seems quite probable
