Modesty is in demand. Also, high end luxury fashion

Its fascinating how convincing is the argument that market economy does not have an ideological bias; not for you, not against you. It has rules. If there is demand, there shall be supply – no matter what ideology. Its one dollar, one vote. And anybody can run.

Listen to this interesting podcast by The Business of Fashion​ on The Modist phenomenon with Ghizlan Guennez and enjoy the dynamics of market economy at work in the fashion industry along with all its contradictions, aka diversity.

BOF

 

The Modist is an online platform for women who want to dress modestly and have a developed taste in high fashion. And of course they have their own definition of modesty.

fashion woman market demand economy ideology

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Book: The Management Myth – by Matthew Stewart

If you are in any way connected to management and/or business, do read it! Wow!

This is a treat; both literary and content. And this is a 2-in-1 book. One story is of the author’s run through the management consulting industry, another is the story of the development of management ‘science’.

Although all people capable of actually understanding business – right from the average finance professional like me to Warren Buffet – know that management consulting contains very little (although at times significant) more than grand posturing, fancy vocabulary, unnecessarily complicated spreadsheets, tortured data and through-the-roof billing, Matthew Stewart narrates the argument in unmatched and spectacular clarity.

https://www.goodreads.com/review/show/2571199526

management myth

#book #books #management #consulting #business

 

 

 

Accept what does not Fit

We are shaped by our experiences. Invariably we can’t go through all kinds of experiences. Hence are senses are developed in a particular way to perceive and act. This gives us fewer strengths and more weaknesses. 
The way to work around this is to harness the experiences of other people (via human interaction or reading their books or books about them). That is only possible if we respect other people’s experiences (perceptions and actions) at least as much as our own instead of ridiculing them just because they don’t fit with our own.
The more varied a person’s experience pool (own and others’), the more balanced his worldview is likely to be. 
#life #experience #books #history #balance #business

Pakistan: In bad health AND getting better

Yes, Pakistan’s health is not great, and it is getting better. That has been the purpose of these articles; to realize the situation is not good and a lot needs to be done, but also acknowledge that progress is taking place over time and not all has to be raised back from the ashes. There is room for fact based optimism.

govt health spending comparative.png Our government health spending is low. It needs to be very high. This problem needs correction. Definitely. AND it has improved over time. Both these facts can be seen from graph 1. (Sweden has been taken to give a point of reference as Scandinavian countries are role model to follow in health and human development areas.)

Two more indicators of health are life expectancy (average life of people) and number of doctors per 1000 people. In both these Pakistan is lagging behind the ideal. AND there has been improvement over time. And yes, much more needs to be done. This can be seen in graphs 2 and 3.

life expectancy comparative

Doctors per 1000persons comparative

Clarification!: This (or these, as it is likely to be a series) is not meant to say k Sab Acha Hai, and that nothing needs to be done. Instead, the message I want to convey is that our proneness to negativity has gotten the better of us and we might be viewing the situation worse than it actually is. And yes, it is bad in certain areas, but not as bad as we might think. So we need to work towards betterment with a positive approach and belief that what we have been doing in the past did work, at least up to a certain extent. Secondly this is neither in defense of any political party nor in favor of any.

(graphs – courtesy: https://www.gapminder.org/ all the data is from public sources of UN, World Bank, IMF, etc.)

Pakistan: Rise and Fall of Incomes & Poverty, respectively

Eid Mubarak! Here is another reason to feel positive about Pakistan.

Yes, if we compare with other countries (graph 1) Pakistan’s income per person (GDP/capita) progress has lagged behind and we need to do much more in this regard.

GDPperCapita comparison

But have a look at rising income per person of Pakistan from 1980 till 2016, from US$550 per person to US$1,180 per person (inflation adjusted) (graph 2). It is progress which is often overlooked in the hue and cry of problems. Is it perfect, NO. Is it up to the mark, NO. Is it progress, YES.

GDP 1980-2016

Now you can say that GDP per capita is the average, the increase in income actually is going to the rich, and the poor are getting poorer. But, happily, you will be incorrect. Have a look at the drop in poverty levels in Pakistan – graph 3:

extreme poverty

People of Pakistan earning less than $1.90 per day were 6.1% of total population in 2013, this was 28.4% in 2000! Is it perfect, NO. Is it up to the mark, NO. Is it progress, YES! And it means that the increase in income of the country is not in total making the rich richer, it is also making the poor less poorer.

We need to do more, but with a sense of optimism and a belief that its working.

Clarification!: This (or these, as it is likely to be a series) is not meant to say k Sab Acha Hai, and that nothing needs to be done. Instead, the message I want to convey is that our proneness to negativity has gotten the better of us and we might be viewing the situation worse than it actually is. And yes, it is bad in certain areas, but not as bad as we might think. So we need to work towards betterment with a positive approach and belief that what we have been doing in the past did work, at least up to a certain extent. Secondly this is neither in defense of any political party nor in favor of any.

(graphs – courtesy: https://www.gapminder.org/ all the data is from public sources of UN, World Bank, IMF, etc.)

 

 

 

 

Pakistan: Infant Mortality – Getting Better

Yesterday PM Imran Khan (official) mentioned the high number of infant mortality in Pakistan. Something about that:

Pakistan has the highest number of infant mortality among its notable neighbors (picture 1)(definition: number of children dying under the age of 5 years per 1000 babies born, current number for Pakistan is 76.8, i.e. at an average for every 1000 babies born in Pakistan 76.8 babies die before reaching age 5).

Infant Mortality Pakistan vs Neighbors
This represents the overall conditions of the society as children upto 5 years of age are the most vulnerable to problems of society, be it dirty drinking water, open pot holes, dirty environment, preventable diseases, lack of vaccination, lack of education/awareness in parents to enable them for better care of children, open electric wires, lack of first aid for small injuries, poverty causing malnutrition, etc.

So if this number improves (i.e. decreases) it means the society is improving.

However, one important point to note for raising our spirits. This number for Pakistan in 1980 was 164, in 1990 was 138, in 2000 was 110, in 2010 was 91.6 and in 2018 is 76.8. (Picture 2)

Infant Mortality Pakistan

Of course even one child dying is a catastrophe, but the trend shows that we are improving! Alhamdulillah. There is much for evidence based optimism. And under the new government will improve further and faster, aameen.

Clarification!: This (or these, as it is likely to be a series) is not meant to say k Sab Acha Hai, and that nothing needs to be done. Instead, the message I want to convey is that our proneness to negativity has gotten the better of us and we might be viewing the situation worse than it actually is. And yes, it is bad in certain areas, but not as bad as we might think. Secondly this is neither in defense of any political party nor in favor of any.

(graphs – courtesy: https://www.gapminder.org/ all the data is from public sources of UN, World Bank, IMF, etc.)

#Pakistan #InfantMortality #Facts #Economy #Society #Health #Children #MakingSense #EvidenceBasedOptimism #Motivation #Inspiration

Pakistan: Not as bad as you might think

With all the buzz and excitement about Naya Pakistan one underlying assumption is that we are starting from a very precarious situation and all was about to go wrong, we were on the brink of disaster (especially, economically) and are given a new life by the change of government. Well, lets dig in a bit on that. The topic being huge, I will publish small pieces covering small segments of the discussion, so please bear with me without judging until I’m done.
debt to gni graph
The graph in the picture shows the debt to GNI ratio (courtesy: https://www.gapminder.org/). Simply put, GNI (Gross National Income) is  what Pakistanis earn (people & organizations, inside and outside Pakistan) in a year. And debt is the loan Pakistan government has taken from foreigners (foreign organizations and governments). So what do you think, is it too bad? What about the trend? If we take the 2018 numbers this ratio would be roughly 30-33%. So is this number good or bad? Depends on what we compare it with. Here is a list to compare with: http://databank.worldbank.org/data/download/site-content/IDS-2018.pdf (see page 12 in part II) – interestingly the list covers only low and middle income countries, may be the high income countries are too shy to show their Debt to GNI ratios. Just to give you an idea the Debt to GDP ratios of Pakistan, India, China, Turkey, Germany, France, England and US are 67.2, 68.9, 51.2, 27.8, 59.8, 96.3, 86.3 and 108. Yes, we might be bad, but are we terrible? I don’t think so.
Let me know what you think after the comparison. My bet is that you’ll feel better than before 🙂
Clarification!: This (or these, as it is likely to be a series) is not meant to say k Sab Acha Hai, and that nothing needs to be done. Instead, the message I want to convey is that our proneness to negativity has gotten the better of us and we might be viewing the situation worse than it actually is. And yes, it is bad in certain areas, but not as bad as we might think. Secondly this is neither in defense of any political party nor in favor of any.
#Pakistan #Economy #Debt #think #evidencebasedoptimism #MakingSense