WEB DESK – The Prime Minister Nawaz Sharif has proposed the Asian nations to adopt four elements of growth drivers for boost the economies in turbulent times.
Nawaz Sharif was addressing the Boao Forum on ‘Asia’s New Future: Identifying New Growth Drivers’ on Thursday.
Nawaz maintained that the four elements of growth for the Asian nations in these times could not be but maintenance of peace and security, regional cooperation and connectivity, research and giving opportunities to our youth.
Nawaz said: “Based on our shared experience of navigating through turbulent times, I will offer four elements as new growth drivers for Asia.
One,maintenance of peace and security is critical to economic growth as peace and development are strongly linked. For an interconnected global economy, any armed conflict can be devastating. Conflict prevention and conflict resolution should, therefore, be accorded high priority. We must strengthen peace mechanisms to ensure economic growth.
Two, regional Connectivity needs to be the most important driver of steady growth for developing countries of Asia in this decade. We must strive for greater regional connectivity, particularly through roads, rails and the sea-lanes. As we all know, infrastructure development stimulates investment, provides job opportunities and connects billions of consumers.
I feel honored to share the common resolve of Pakistan and China to take a lead in creating regional connectivity links. Jointly, we are pursuing our common dream of building the China-Pakistan Economic Corridor. Which would enhance economic and trade cooperation, promote economic integration, and foster economic development of the two countries.
Three, investment in research, development and technological innovation is essential for Asia’s economic growth. Developing countries, which often lag behind in the technology ladder, should be assisted with technology transfer in critical areas.
Fourth, Asian countries are blessed with a huge asset that is its Youth. By creating more economic opportunities for our youth, we can achieve a miracle. Our youth is committed, talented and dynamic. In Pakistan, we have launched a number of schemes for youth, like Easy access to Loan for starting new businesses, and scholarships for pursuing higher studies. We intend to invest more in our youth, as we believe this great asset would be the real driver of future growth.
Premier of Pakistan also maintained that these salient points were pursued in the context of Pakistan. “We are striving for a peaceful neighborhood, by focusing on settlement of disputes and improving regional security. Pakistan is emerging from the ravages of the war on terror, which inflicted immeasurable damage on our economy in the last one decade. The Pakistan of 2014 is a confident country, open for business, trade and investment. We assure you ease of business and healthy dividends on your investment, ” he added.