Globalization and Pakistan
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Date
2017
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Publisher
UMT, Lahore
Abstract
Globalization is an acceleration and intensification of the economic interaction among the companies, governments, and people of different nations in the world. Globalization has affected all the nations of the world. Pakistan could not benefit from Globalization. Unlike China and India, Pakistan could not become an active recipient of globalization. This study aims to find the reality behind the failure of Pakistan to become an active recipient of globalization. This study is likely to reveal that why Pakistan could not benefit from globalization. This study throws light on the reasons behind the lack of skilled manpower and its effect on globalization in Pakistan. This study is likely to be helpful in understanding the current situation of the country and outlining possible future direction of globalization in Pakistan. Mixed-method approach is used. It is an exploratory and descriptive study. This study is an applied research. It is a cross-sectional study. Primary data is collected from experts as well as university students. Purposive sampling is used to choose the respondents for the study. Sample size is 163. The instrument used for primary data collection is a questionnaire comprising of open ended and close ended questions. Secondary data sources are also analyzed. The policies including, National Education Policy 2009, Labor Policy 2010, National Youth Policy 2008, Investment Policy 2013, Strategic Trade Policy Framework 2015-2018, Monetary Policy Statement July 2017, and Fiscal Policy Statement 2015-2016 are also analyzed for the study. Content analysis technique is used for the qualitative analysis of the data. SPSS (Statistical Package for the Social Sciences) 21 software is used for analyzing the data quantitatively.