Monday, March 30, 2015

Session 15- politics and the economy

In the present day context, the relationship between the politics of a country and its economy is one not to be ignored. It is safe to say that the most important section of any election manifesto is to do with the economy of the country. Ones political belief will determine the economic polices which are undertaken, for example people adhering to leftist ideologies believe in a more equal distribution of resources, whereas the opposite is true for rightists.  


Lets take the example of Pakistan, the only real leftist politician was Zulfiqar Ali Bhutto, under his rule big business were nationalized and land reforms were undertaken to improve the economic condition of the lower class. Whereas the current party which is in power, the PML-N is a pro-business party, its vote bank consists of a large number of traders, and its polices are thus more inclined towards helping the upper-middle class.

1 comment:

  1. It is in fact very true that the vote bank of PMLN consists of people who view the economy with the same lens as of their leaders.
    PMLN also invests it's budget into roads and other transportation that facilitates private business to further their economic vision. Examples are the metro bus and the new bridge made in Model Town Lahore.

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