The Economic Enlightenment…

Today my formal ‘economics’ education restarted…

The fact that there is a formal and an informal separation in the educational setup of most developing nations bothers me…

What they teach at business universities can’t be applied to realities of life. Theories explained in economics or business books look beautiful but they’re rarely applicable as real life scenarios involve many unknown variables that cannot be encompassed into a theory. A theory works for an ideal situation where the rest is kept constant… and as cliched as it may sound – Change is the only constant, as many say.

So how do we bridge the gap between the formal and informal educational setup?

It comes with the habit of documentation. The fact that many of us forget to write but only to speak well eventually has no impact because words spoken disappear… words written stay forever. And the lack of economic and business publications in Pakistan about Pakistan is a major flaw in our educational system, because without knowing about the local dynamics and its relation to economics, we will learn nothing that we can apply. 

We have a serious lack of local literature on social sciences… Concepts taught at universities concerning ‘management’ issues are not localized and the culture is such that when students are using reference guides, the books reflect a level of superficiality because the understanding is that as developed economies are successful - ”lets apply their concepts to our worlds”…

But our worlds are very different. We may be in a leadership crisis in Pakistan, but more importantly we need to focus on ”Economic Enlightenment”… 

Pakistan to succeed has to apply a localized economic agenda…

The revolution should not be about driving away power hungry men, so to speak, but fighting and demanding Economic Justice…