Headline Nov 18, 2015/ ''' SMASHING... *POVERTY'S* ...TEETH '''

''' SMASHING... 

*POVERTY'S* ...TEETH '''

CONCEPTUAL FRAMEWORK and specific policies are essential for inclusive growth in the developing world.

Barring that,  it is just about impossible to build a just and equitable society. And without that premise nothing will work and grow smoothly.

Only when the middle classes and the poor are  ''enabled''   to invest, a higher and sustained growth can be achieved through equity.  

IN HIS LATEST BOOK Dr. Yunas  [Nobel Laureate]  from Bangladesh,  calls such enterprises  ''Social Business''.

He suggests other social businesses which could for example develop and sell renewable energy systems at low prices for the poor communities who do not have access to cheap energy; and recycling on a commercial basis of garbage, sewage and waste products that would otherwise cause pollution, in poor neighbourhoods.

Given the experience of a variety of different institutional forms of production organizations of  the poor and for the poor in South Asia, it is time to make an attempt in Pakistan.

Here professionally managed large corporations could be registered as public limited companies with equity owned by the poor and initially financed through loans.

*These businesses could develop and produce goods and services for the poor*.

Consider the example of milk and dairy products. With over  Rs 177 billion worth of milk being produced in Pakistan annually, milk is Pakistan's largest product in the agriculture sector.

Unlike agriculture crops, milk production can be increased sharply rather quickly. Demonstrable experience in the field has shown that milk yield per animal can be doubled within two years.

A large People's Milk Corporation  owned by the poor could help to achieve this objective through an institutional framework for training poor peasants in scientific feeding and breeding.

The logistics could also be established for collecting milk from the farm door in refrigerated vehicles, processing, packaging and domestic marketing as well as exports.

Pakistan lies at the  hub of  a crescent of milk deficit countries in West Asia, Central Asia and East Asia. The People's Milk Corporation could make arrangements for refrigerated storage of milk cartons at airports and subsequent airfreight to export markets.

Another initiative could be a  Poor Fishermen's Corporation for the development and export of marine fisheries. Here what is required is efficient institutional support for the new corporation owned by fishermen along Pakistan's coastal regions in Balochistan and Sindh.

Currently the expansion of the export of marine fisheries is constrained because the storage facilities during the transportation do not meet international standards. 

At the moment alternate layers of fish and hard sharp edged ice are placed in containers on boats. Under the weight of the upper layers of fish and sharp edged ice, fish in the lower layers are crushed and the resultant bleeding cause putrefaction.

To avoid this it is necessary to enable the fishermen to invest in shelves for safe layered storage of fish and fibreglass covers to maintain the international standard of temperature at minus  7 degrees centigrade during transportation.

A considerable export potential of marine fisheries is awaiting utilization if the proposed corporations for the poor fishermen and the required management systems could be established.

Such initiatives in the milk and marine fisheries sectors could not only have a significant impact on the incomes of the poor, states and sums up the author, Dr. Professor Akmal Hussain,... but also increase exports and overall GDP growth.

Thus the poor could play a big role in generating equitable export-led growth.

 With respectful dedication to the Students, Professors and Teachers of the world. See Ya all on !WOW!  -the World Students Society :

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SAM Daily Times - the Voice of the Voiceless