Tuesday, 26 February 2013

Crisis, poverty and productivity of physical capital in Pakistan

Crisis, poverty and productivity of physical capital in Pakistan

Political, governance, energy, and other crises affected the performance of machines in Pakistan-ranging from machines at tailor shop to large scale manufacturing industry.

However, some machines are performing out rightly wonderful and their productivity growth is double digit for last few years. These machines are located in the premises of Sate Bank of Pakistan and printing notes to finance present government.

Currency in circulation in June 2008 was 1050 Billion RS and now in 2013 is 11794 Billion RS. It means 71% growth of notes production.

These are the poor who suffer more in both cases. Printing notes hit hard existing poor and make new poor who are in lower middle income group.

Has corruption decentralized in Pakistan?

Has corruption decentralized in Pakistan?

There are different figures of daily corruption in Pakistan ranging from 7 billion to 15 billion RS, according to different sources such as NAB, TI.

Pakistan’s annual GDP is around 2800B RS; however, annual corruption is greater than GDP. How is it possible? Where does money come from?

If a single person involves in bribery, let say, of 1 B RS then it is corruption of 1 billion and if many persons involve in bribery, let say again, of 1 B RS then corruption is sum of as many hands as people change to finalize the bribery process.

By all accounts, one thing is clear that corruption has accelerated in last few years. Now the question is that whether it is accelerated due to its decentralization nature. Can we say that now corruption has become democratic (awami)?

Tuesday, 12 February 2013

This is own stress or second-hand stress?

This is own stress or second-hand stress?
While doing teaching fellowship in the University of Glasgow, invigilation of exams with other faculty members was a due part of the job. For me, it was the most tiring and difficult part of the job. I often used to think that why invigilation causes so much fatigue and stress.

Sometimes, I felt that it was due to 500 years old structure of the building (Bute Hall in University of Glasgow) where most of the exams take place. Strolling in historical buildings and newly constructed buildings causes quite different feelings. Here, in QAU, again feeling the same issue that invigilation is a tough job.

In exams, students are going through a tough mental process and they emit stressful thoughts in the environment. As thoughts are contagious, they affect the persons in close proximity. Therefore, an invigilator suffers from stress even though this is not own stress.

If someone feels stress then it is important to check whether this is own stress or second-hand stress before going for a remedy.

Recently, researchers (a study led by Professor Elaine Hatfield) in the University of Hawaii found out that second-hand stress is passed on each other in an office just like flu and cold.

This research notes that human brains perform like a sponge that absorbs emotions emitted from people around. Stress of people around acts like a depressant in the brain, that forces the brain to think about own worries.

The research also shows that females are at higher risk as they are more in tune with the feelings of others.

Sometimes people say that I am not feeling comfortable but I do not know why. Similarly sometimes some people say that something is wrong but I do not know what that is or sometimes people become stressful without any reason. To my understanding, this is due to second hand stress.

Hatfield and Rapson (1993) define emotional contagion: "The tendency to automatically mimic and synchronize expressions, vocalizations, postures, and movements with those of another person’s and, consequently, to converge emotionally.”‖  

Theoretically, emotions can be caught in several ways.
Earlier research on this topic shows that this is a conscious process through imagination, reasoning and analysis.

Recently, most neuroscientists, primatologist and psychologist argue that this is unconscious process which is my main point in the above post.

Friday, 8 February 2013

Clarity saves waste of human resources

Five years before, during first week of my stay in Glasgow, soon realized that here Yes means Yes and No means No.

Initially, it was a bit difficult to adjust with this norm. However, soon realized potential merits of this approach.

In the presence of such a culture, one does not need to spend his/her energies to maintain Yes as Yes and No as NO.

Wednesday, 6 February 2013

Importance of values

Developed nations innovate, developing imitate.

Where earlier adjust their values with innovations while latter burst their values with imitation.

Tuesday, 5 February 2013