Strengthened private enterprise and a reduced presence of the state will exacerbate income inequality

The capitalism promised by Nawaz and Modi have an inherent tendency in to take countries towards extreme inequality.

In the past, weak revolutions were led by the Left; this time, leadership was provided by the Right.

The past emphasis on accountability in Pakistan has always been on the ex-post rather than the ex-ante.

Fiscal policy has been used effectively in improving asset & income distributions. This should be done in Pakistan.

Pakistan's exports should take advantage of rapidly aging population in today's rich countries

FDI does more for economy than conditional bilateral aid, with latter often provided in pursuit of lenders' interests.

In order to make the transition to a new growth paradigm, Pakistan will need foreign help but over the short-term.

By tightening grip over Central Asia, Moscow will be able to blunt the instrument the West is hoping to use against it

Expulsion of Russia from G-8 has created an even greater distance between Moscow and the West.