Global Trade and Technology as Indicators of Competitiveness and Economic Development: A Study of Pakistan’s Position in International Market

The idea of competitiveness has been broadly accepted and has turned into a part of debate in international forums. Today world-wide economy cannot be enlightened by using the same approach without innovative technology as it was a few decades before. When progresses of the firms and states are observed, public generally regard international competitiveness as critical part of the debate. The study in this paper attempts to evaluate position of Pakistan’s economy with the perspective of International Competitiveness in terms of its technological development and trade progress. It’s concluded that export markets can be strengthening by the countries with the passage of time. There is crucial requirement to improve their technological progress and governance. Pakistan is passing through the stage where there is need to employ the standards of international competitiveness. The study is sum up by explaining a suggestion to government of Pakistan with the key highlights that higher technological exports will comes true only by intensification of research and development via investment in the human capital of the economy. This entail mutual efforts from three major players; individuals, business entrepreneurs and government.