Marc Saxer interviewed Dr. Moeed W. Yusuf on how Pakistan can pivot to a better suited development model.
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Being on the crossroads of Central Asia and South Asia, Pakistan's past economic growth has been driven by providing security services to other countries and getting foreign financial aid in return. However, this traditional development model has created boom-bust cycles and balance of payment crises, and historically hampered Pakistan's economic development. How can Pakistan break out of the cycle?
Marc Saxer, Director of FES Asia spoke with Dr. Moeed W. Yusuf, Vice Chancellor of Beaconhouse National University and former National Security Advisor (NSA) of Pakistan. In this exclusive interview, Dr. Moeed shared his vision how Pakistan can pivot to a better suited development model:
“If Pakistan can create a model of positive interdependence with the region and other countries that it works with, then you've got a geoeconomic pivot whereby Pakistan is not leading with support in the security sector only, but focuses on things: 1) becoming a regional connectivity hub and 2) a steady flow of foreign exchange for Pakistan.”
Chapters
00:00 Introduction
00:25 Pakistan's traditional development model
02:09 Boom and bust cycles in Pakistan's economy
03:34 China Pakistan Economic Corridor (CPEC)
05:24 New development model for Pakistan
09:31 Chances to implement the new development model
“Pakistan’s economy is deeply intertwined with both US and China: divorce from either camp would be tantamount to cutting off a limb,” Moeed W. Yusuf explores why and how Pakistan has come up with a strategy to position itself as a hub of regional connectivity and to force all major powers to find benefit in supporting a stable Pakistan. Read here
Dr. Moeed W. Yusuf is the Vice Chancellor, Beaconhouse National University in Pakistan. He previously served as National Security Advisor (NSA) / Special Assistant to the Prime Minister of Pakistan with the rank of Federal Minister. He was Pakistan's youngest NSA and is credited with leading the process of formulating the country's first-ever National Security Policy.
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