Author: Javed Iqbal (Javed Iqbal)

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Dynastic politics and economic distortions

Article II, Section 26 of the 1987 Constitution of the Republic of Philippines states that the “State shall guarantee equal access to opportunities for public service and prohibit political dynasties as may be defined by law.” In Pakistan no such constitutional impediment is imposed upon dynastic politics. But, factually speaking the politics of dynasty has...

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Stagflation and power outage

Stagflation occurs, when inflation and unemployment are rising. The commonly used indicator of stagflation is the misery index, which is a combination of unemployment and inflation rates. With the growth rate decelerating and inflation increasing, economic miseries of people are bound to surge. According to monetarists, inflation occurs when too much money chases too few...