The Dynamic Relationship Between Financial Development and Economic Complexity in Pakistan
Journal: Zenodo (CERN European Organization for Nuclear Research)
Year: 2022

<em>Globalization places lots of challenges for emerging nations seeking long-term economic development. These are linked to several other issues, low exports as a consequence of worldwide competitiveness, low foreign currency reserves, rising fuel prices, WTO regulations, and so on. To overcome these obstacles, it is necessary to compete on a global scale. This can be attained by increasing specialization through technological innovation, new manufacturing methods, product diversification, etc.