Foreign Debt and its Implications for Pakistan’s National Security
Journal Title: Global Regional Review - Year 2018, Vol 3, Issue 1
Abstract
National security implications of the rising government debt in Pakistan increase concerns about military powers such as the USA and industrial giants such as Japan. This paper examines the unprecedented rise and abundant use of debt by governments since 2008. Apart from economic sustainability risks of the debt, the paper also traces history of Pakistan’s search for national security since 1947. Pakistan achieved nuclear capability in the face of opposition from the USA. There are fears that in the presence of huge external debts and low capacity to service them, Pakistan may not be able to take independent decisions regarding national security. The paper offers recommendations to overcome the threats
Authors and Affiliations
Rafaqat Islam, Sarfraz Hussain Ansari, Shahzad Hussain
Keywords
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- EP ID EP607399
- DOI 10.31703/grr.2018(III-I).08
- Views 67
- Downloads 0
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