Riaz Haq's Blog Posts Tagged 'democracy' (3)

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Powerful Oligarchs of South Asia

India is the world's third biggest and the fastest rising oligarchy with 17.2% of its GDP amassed by its 55 billionaires. India's system of governance has some of the worst of features of democracy and oligarchy in which the democratically elected politicians are bought off by the richest Indians, and both groups further enrich themselves at the expense of the vast majority of ordinary Indians. The biggest Indian… Continue

Added by Riaz Haq on August 6, 2011 at 9:00am — 10 Comments

Rise of Oligarchy in India and Pakistan

Is India an oligarchy controlled by its 55 recently-minted billionaires whose wealth equals one-sixth of their country's GDP?



The answer to this question came when, as part of India's 2G scandal revelations, the Billionaire businessman Mukesh Ambani was quoted as… Continue

Added by Riaz Haq on July 27, 2011 at 10:11pm — 5 Comments

Urban Middle Class Surge in Pakistan

The simplest definition of the middle class is a group of people in a society who are neither rich nor poor. The middle class has always been considered vital to a country's stability and growth. The rich and the poor simply distrust each other too much to let the other govern. Nations with large middle class populations find it easier to sustain good, democratic governance.



Unfortunately for Pakistan, the size of the middle class was very small when it came into existence, and the… Continue

Added by Riaz Haq on May 10, 2010 at 5:49pm — 2 Comments

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    Pakistanis' Insatiable Appetite For Smartphones

    Samsung is seeing strong demand for its locally assembled Galaxy S24 smartphones and tablets in Pakistan, according to Bloomberg. The company said it is struggling to meet demand. Pakistan’s mobile phone industry produced 21 million handsets while its smartphone imports surged over 100% in the last fiscal year, according to …

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    Posted by Riaz Haq on April 26, 2024 at 7:09pm

    Pakistani Student Enrollment in US Universities Hits All Time High

    Pakistani student enrollment in America's institutions of higher learning rose 16% last year, outpacing the record 12% growth in the number of international students hosted by the country. This puts Pakistan among eight sources in the top 20 countries with the largest increases in US enrollment. India saw the biggest increase at 35%, followed by Ghana 32%, Bangladesh and…

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    Posted by Riaz Haq on April 1, 2024 at 5:00pm

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