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Thursday, March 22, 2012

Pakistan Will Become World's Largest Economy?

Pakistan will become the world's largest economy in the 21st century? This is really hard to believe because when you look at Pakistan you can't believe that it is capable of becoming one of the world's largest economies.How I found about this? Well, what happened was that I just

randomly searched the word 'Pakistan' on Google, the first result that came up was a page from Wikipedia about Pakistan. Wikipedia provides a lot of information about practically anything so, it also had a very detailed page about Pakistan. I scrolled down the page and found a heading which said 'Economy', when I started reading it I couldn't believe my eyes, it said that,

 "Pakistan is a rapidly developing country. Pakistan has been listed among the Next Eleven, the eleven countries that along with the BRICS have a high potential of becoming the world's largest economies in the 21st century." 

The Next Eleven are: PakistanIran, EgyptIndonesiaMexicoNigeria BangladeshPhilippinesTurkeySouth Korea, and Vietnam. These 11 countries were introduced by Gold Man Sachs Investment Bank. The bank studied the countries and stated that they will give good results for investment and growth in the future.

BRICS which stands for Brazil, Russia, India, China and South Africa. The BRICS is an organization for all the leading emerging economic countries who also have an extremely high chance of becoming the world's largest economies.

This is really big news for Pakistan but seeing how the current situation of the country is there are very low chances of Pakistan becoming one of the world's largest economies in the near future.


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