KARACHI:
How do you create wealth for an economy? It makes for a good soundbite, and sits well with voters who see flashes of the rupee (or the dollar) symbol in front of them, but it is altogether another thing to achieve.
When a politician says wealth creation, they haven’t necessarily thought through the process and probably the intricacies and public policy measures that go along with it.
The centuries-old barter system entailed that goods were exchanged for whatever value deemed fit at the time before the concept of ‘money’ or notes came into existence. This created the notion that every good has a numerical value, which you needed to possess in money terms for the ability to buy it. This was simply the transfer of wealth….
