| OCR Text |
Show 317 There exists, in Pakistan, ment in agriculture technology. absorb the considerable scope for increasing employ- through the application of "biological-chemical" The labor force has grown faster than the economy could new entrants and to this extent there is an (per lmlimi ted fectly elastic) supply of labor. Another lesson learned is that the growth stratE'gy advocated Galenson and vestment by Leibenstein3 which involves maximizing the marginal rein quotient (i.e., altering the income stream in favor of profit recei vers whose higher marginal propensity to save and invest }That they save wlll lead to accelerated expected. The profit receivers heavily and the growth of the demonstrated, carried on as growth) has achieved the results in the industrial sector did reinvest sector was previously mentioned, for too long a very that if t.hi s time it can backfire and economic discontent as the rich reached where the pressures can no rapid , It hac also been s t.ra t.egy is by increa.sing political get richer until the point economic tsloca Fortunately for the c1 tizens of the new nation of I"-akistan (formerly lfest Pakistan) economic grOl'1th has not been hal tedQ tuna,tely for the and citizens of them it is still the rich getting poorer This East learned. Unfor Bangladesh, political disruption, violence finally independence have not improved poor is longer be contained and vi.o Lence enlpts, brining in its wake serious political and td ons 0 For economic conditions. getting richer (the new Pakistan) and the (themselves). versus West issue leads us to ru10ther lesson to be Throughout its history as a geographically unique entity of tlfO, non-contiguous, racially and linguistically distinct areas 4 the |
