Economic Crisis: Causes & Impact

CORE ISSUES OF ECONOMIC CRISIS

1. Fledgling Condition of Stock Markets
2. Credit Crunch
3. Shriveling Foreign Reserves
4. Burgeoning Trade & Fiscal deficit
5. Hyperinflation
6. Rupee Devaluation
7. Issue of Balance of Payments

FACTORS OF ECONOMIC CRISIS

1. Policy of Deregulation
2. Unplanned Financial & Capital Market Liberalization
3. Excessive Subsidies on Fertilizers & Petroleum Products
4. Loose Monitory Policy
5. Worldwide Food Shortage
6. Load-shedding
7. Stress of Provinces & Federal
8. Dependency on External Debts & Foreign Aids
9. Strategy of Quick-fix Solution
10. Impact of Global Economic Turmoil
11. Shift in Demands of Products
12. Myth of Balloon Development
13. Deteriorating Law & Order
14. War of Terrorism

IMPACTS OF ECONOMIC CRISIS

1. Social Ferment & Confusion
2. Burgeoning Trade Deficit
3. Unemployment
4. Rupee Devaluation
5. Hyper-inflation
6. Business Fluctuations
7. Credit Market Paralysis
8. Downfall of Stock Markets
9. Trust Deficit of Investors
10. Food Shortage
11. Crisis of Balance of Payments
12. Malnutrition
13. Poverty

AILMENTS OF ECONOMIC CRISIS

1. Strategy of Economic Partners
2. Pragmatic Use of Agricultural Sector
3. Ameliorating Tax Collection Mechanism
4. Escaping Dependence of Economic Institutions (IMF)
5. Disaster Management system
6. Refurbishment of Power Structure
7. Increase in Foreign Exchange Reserves
8. Controlling Burdon of External Debts & liabilities
9. uniform National Economic Strategy
10. Catering Energy Crisis
11. Expunging Influence of Petroleum Products Dependency
12. Political Stability
13. Enticing Foreign Direct Investment
14. Increasing Foreign Remittance
15. Enhancing Growth Rates
16. Parliament Supremacy in Goal Setting
17. Provincial Autonomy in Raising Resources & Formulating Plans
18. Planning Economic Commission's Formulation of Strategy