Pakistan versus America: We are not all that different

Rishi wrote:A poorly managed country is the one that runs deficits year after year. By that account, the US and Pakistan are not much different. Both have run deficits for years. So, why is the US the land of opportunity and Pakistan is labelled as a financial basket case?


Why is it then, that the two countries have substantially different reputations?
The answer perhaps lies in the willingness of others to continue offering debt to cover one’s shortfalls. Globally, lenders remain willing to lend even more funds to the United States. China alone holds $1.2 trillion of the US debt, which is more than the US debt held by the US households ($959 billion).
So let me try to answer the riddle once again. A poorly managed country is not the one that runs fiscal deficits year after year. It's the one that others refuse to lend to. Otherwise, Pakistan and the US are not all that different.




http://dawn.com/news/1050094/pakistan-versus-america-we-are-not-all-that-different

Kris wrote:

Rishi wrote:A poorly managed country is the one that runs deficits year after year. By that account, the US and Pakistan are not much different. Both have run deficits for years. So, why is the US the land of opportunity and Pakistan is labelled as a financial basket case?


Why is it then, that the two countries have substantially different reputations?
The answer perhaps lies in the willingness of others to continue offering debt to cover one’s shortfalls. Globally, lenders remain willing to lend even more funds to the United States. China alone holds $1.2 trillion of the US debt, which is more than the US debt held by the US households ($959 billion).
So let me try to answer the riddle once again. A poorly managed country is not the one that runs fiscal deficits year after year. It's the one that others refuse to lend to. Otherwise, Pakistan and the US are not all that different.




http://dawn.com/news/1050094/pakistan-versus-america-we-are-not-all-that-different

>>>ROFL!

Rishi wrote:>>> The idiot who wrote this is an highly placed academic.


Murtaza Haider, Ph.D. is the Associate Dean of research and graduate programs at the Ted Rogers School of Management at Ryerson University in Toronto.

Idéfix wrote:

Rishi wrote:>>> The idiot who wrote this is an highly placed academic.


Murtaza Haider, Ph.D. is the Associate Dean of research and graduate programs at the Ted Rogers School of Management at Ryerson University in Toronto.

Is he?