Pakistan exported $25 billion worth of goods during the current year, its highest ever since 2013-14.
For a country of 220 million people with an abundance of raw material and resources, this is peanuts compared to many other countries of lesser population: Malaysia and Turkey exported $188 billion and $157 billion of goods with populations of only 32 million and 84 million, Singapore with only 6 million people and no raw resources exported $372 billion, while Hong Kong with only 7 million people exported $496 billion.
South Korea with one fourth the population of Pakistan had exports of $577 billion. It is no secret that in countries without natural resources, hi-tech services and manufacturing play a major role in increased exports – leading to a high GDP.
The future belongs to the world of innovation and technological disruptions: artificial intelligence, 5G, internet of things, cloud and mobile computing, data mining, cryptocurrency, robotics and blockchain among others. Within the next 15 years, computers will become more intelligent than humans, culminating in an all-knowing singularity. By capitalizing on these technologies, many companies have become richer than developed countries. Through this transformation, IT companies like Apple, Microsoft, and Google have reached market capitalizations of above $1.5 trillion, and are today worth more than Italy, Canada, Russia, South Korea or Australia. This is the new technological disruptive world order.
Clearly, we are...
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