Pakistan Global Value Chain help Pakistan’s Recovery?

Published by buyer33 on

The World Bank is forecasting an “anemic” economic outlook for Pakistan, with an expected growth rate of only 0.5% in the current fiscal year. “Given anemic growth projections in the near term, poverty is expected to worsen with government estimates of pandemic job losses at 14 million, as poverty is expected to increase for the first time in two decades.”

So what could Pakistan do, to reverse the 14 million lost incomes?  A recent study has shown that countries need to accelerate growth by using Global Value Chains (GVC).  Almost nothing has been proven better to raise incomes and reduce the Pakistan poverty, with very little to zero government involvement or costs.

Pakistan’s economic outlook remains very fragile for at least the next two years, as Covid-19 has caused serious damage to their economy.

Lock-down measures have significant impact on poverty and the Pakistan economy is slowly expected to recover. “The news is not good and the outlook is dire for South Asia,” World Bank Chief Economist for South Asia region Hans Timmer said.

If small and medium sized companies utilize a B2B like system for global export, this could and should greatly increase company income and profit levels even during a pandemic.

For Pakistan, possibly the most important acceleration according to studies is providing a truly global value chain (GVC) – one example is ShopTheGlobe – as GVC raises both incomes while reducing poverty. The facts are that when countries like Pakistan use and or expand their GVC, they utilize the country’s comparative advantage (very cheap and unlimited labor), and they can achieve market improvements.

You can access Shop The Globe Urdu and Punjabi

“The collapse of South Asian economies during Covid-19 has been more brutal than anticipated, worst of all for small businesses and informal workers who suffer sudden job losses and vanishing wages,” World Bank Vice President for South Asia Region Hartwig Schafe said.

Pakistan’s small companies and government policies now need to focus on expanding and accelerating their GVC while coming out of Covid-19; company-wide integration should magnify their gains and profits.

Knowing that Pakistan already has GVC accelerators, these companies could  significantly expand export trade, as it is designed to present their local products globally. These type of economic improvements could accelerate companies especially those with strong global export potential.

Pakistan needs to increase its economy and business, and providing more global free trade, especially for its small and mid sized manufacturers, by accelerating a GVC such as ShopTheGlobe could greatly expand global product adoption.

Categories: Afghanistan Global Value Chain - Free ListingArgentina Global Value Chain - Free ListingAustralia Global Value Chain - Free ListingAustria Global Value Chain - Free ListingAzerbaijani Global Value Chain - Free ListingB2B Global StoreBangladesh Global Value Chain - Free ListingBelarus Global Value Chain - Free ListingBuy & Sell Global MerchantsBuy B2BBuy BulkBuy Bulk GloballyBuy GlobalBuy GloballyBuy Wholesale GloballyBuy WorldwideBuy Worldwide OnlineColumbia Global Value Chain - Free ListingCongo Global Value Chain - Free ListingCosta Rica Global Value Chain - Free ListingCôte d’Ivoirem Global Value Chain - Free ListingCroatia Global Value Chain - Free ListingCyprus Global Value Chain - Free ListingCzech Global Value Chain - Free ListingDenmark Global Value Chain - Free ListingDominican Republic Global Value Chain - Free ListingDR of the Congo Global Value Chain - Free ListingEcommerce Wholesale OnlineEcuador Global Value Chain - Free ListingEgypt Global Value Chain - Free ListingEl Salvador Global Value Chain - Free ListingEngland Global Value Chain - Free ListingEstonia Global Value Chain - Free ListingEthiopia Global Value Chain - Free ListingFind Goods GloballyFinland Global Value Chain - Free ListingFrance Global Value Chain - Free ListingGeorgia Global Value Chain - Free ListingGermany Global Value Chain - Free ListingGhana Global Value Chain - Free ListingGlobal MarketsGlobal Shopping is EasyGlobal Value ChainGlobal Wholesale - Shop The GlobeGlobal Wholesale OnlineGlobal Wholesale StorefrontGuinea Global Value Chain - Free ListingIsrael Global Value Chain - Free ListingItaly Global Value Chain - Free ListingIvory Coast Global Value Chain - Free ListingJapan Global Value Chain - Free ListingJordan Global Value Chain - Free ListingKazakhstan Global Value Chain - Free ListingKenya Global Value Chain - Free ListingKorea Global Value Chain - Free ListingKuwait Global Value Chain - Free ListingLaos Global Value Chain - Free ListingLebanon Global Value Chain - Free ListingLibya Global Value Chain - Free ListingLow CostLuxembourg Global Value Chain - Free ListingMadagascar Global Value Chain - Free ListingMalawi Global Value Chain - Free ListingMalaysia Global Value Chain - Free ListingMali Global Value Chain - Free ListingManufacture Selling In UrduManufacturing StorefrontMerchant MarketplaceMerchant Shopping OnlineMexico Global Value Chain - Free ListingMorocco Global Value Chain - Free ListingNext Generation Online Wholesale ExchangeOne Stop Wholesale ShoppingOnline WholesaleOnline Wholesale StoreOpen Wholesale PlatformPeru Global Value Chain - Free ListingPhilippines Global Value Chain - Free ListingPoland Global Value Chain - Free ListingPortugal Global Value Chain - Free ListingPuerto Rico Global Value Chain - Free ListingRomania Global Value Chain - Free ListingRussia Global Value Chain - Free ListingSaudi Arabia Global Value Chain - Free ListingScotland Global Value Chain - Free ListingSell B2BSell BulkSell Bulk GloballySell GlobalSell Global OnlineSell manufacturing directSell WholesaleSell WholesaleSell Wholesale GloballySell WorldwideSell Your Goods GolballyShop B2B WorldwideShop BulkShop Bulk GloballyShop GlobalShop Global DiscountShop Karachi Wholesale - Buy & Sell Global ProductsShop Karachi Wholesale ‎in Punjabi - Buy & Sell Global ProductsShop Karachi ‎Wholesale in Urdu - Buy & Sell Global ProductsShop Lahore Punjabi - Buy & Sell Global ProductsShop Lahore Wholesale - Buy & Sell Global ProductsShop Lahore Wholesale in Urdu - Buy & Sell Global ProductsShop Pakistan WholesaleShop Pakistan Wholesale in PunjabShop Wholesale OnlineSingapore Global Value Chain - Free ListingSlovenia Global Value Chain - Free ListingSmall Business ListingsSomalia Global Value Chain - Free ListingSouth Africa Global Value Chain - Free ListingSpain Global Value Chain - Free ListingSri Lanka Global Value Chain - Free ListingSudan Global Value Chain - Free ListingTanzania Global Value Chain - Free ListingTogo Global Value Chain - Free ListingTunisia Global Value Chain - Free ListingTurkey Global Value Chain - Free ListingUAE Global Value Chain - Free ListingUganda Global Value Chain - Free ListingUkraine Global Value Chain - Free ListingUntied Kingdom Global Value Chain - Free ListingUruguay Global Value Chain - Free ListingUzbekistan Global Value Chain - Free ListingVanuatu Global Value Chain - Free ListingVenezuela Global Value Chain - Free ListingVietnam Global Value Chain - Free ListingWholesale DistributorsWholesale In EnglishWholesale In PunjabiWholesale In UrduWholesale Products OnlineWholesale Shopping OnlineWholesale SuppliersYemen Global Value Chain - Free ListingZambia Global Value Chain - Free ListingZimbabwe Global Value Chain - Free Listing