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Showing posts from July, 2023

The Rise and Fall of the Great Powers: Economic Change and Military Conflict by Paul Kennedy, Book Summary

With great power comes great responsibility ” The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000" is a book written by Paul Kennedy, a British historian and international relations thinker.  The book, first published in 1987, explores the relationship between economic power and military power throughout history and examines the rise and decline of prominent global powers. Kennedy's main thesis in the book is that the rise and fall of tremendous powers can be largely attributed to changes course in economic stability. He asserts that a nation's financial resources and its ability to mobilize and allocate them are crucial factors in determining its military strength and effect on the multinational stage. The book covers the period from 1500 to 2000 and focuses on several significant powers, including Spain, the Netherlands, France, the United Kingdom, Germany, the Soviet Union, and the United States. Kennedy explores how these nat...

Major Economic Challenges of Pakistan

Major Economic Challenges of Pakistan Pakistan is facing several major economic problems. It's important to point out that the economic situation can alter over time, so I suggest checking more recent sources for the most up-t o-date informatio n.  Here are some of the major financial problems Pakistan was dealing with: 1. High Inflation:  Pakistan has stumbled with high inflation rates, which erode the purchasing power of the population, especially low-income individuals and helpless communities. 2. Fiscal Deficit:  The nation has been tussling with a persistent fiscal deficit, where administration spending exceeds its revenue. This can direct the expansion of public debt and can weaken the economy. 3 . Foreign Debt Burden:   Pakistan has been laboriously reliant on external borrowing to finance its growth projects and budgetary shortages, resulting in an important foreign debt burden. Paying back these loans can put stress on the country's foreign exchange reserves...