What Ails Our Economy‪?‬

Byline: Dr Faisal Bari There is a major global slowdown and US/Europe are struggling to cope with it too (though this has not affected China and India as much), we are fighting major insurgencies, we had floods, there is severe energy shortage, government is posting large deficits, and inflation is out of control. All of these are cited as causes for the ills of the economy. In addition analysts also point to longstanding governance issues, high cost of doing business, excessive regulation (some complain of lack of regulation), lack of proper institutions, and corruption as more entrenched reasons for the poor current performance.