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A presentation was arranged on the above topic in the Prime Minister Secretariat. The speakers were Economists from Goldman Sachs who covered the growth prospects of BRIC and N 11. BRIC is acronym for Brazil, Russia, India and China and N11 cover other 11 emerging markets including Pakistan. The key theme that came out of the presentation was that Pakistan is a laggard and is not doing enough to be considered a high growth economy.

BRICS
Near term growth of an economy is driven by Demand and Long term sustainable growth is driven by Supply of factors of production. The Goldman Sachs Model is based on two main factors, Labor Force and Physical Infrastructure. They have developed an Economic Growth Scores that covers,

· Macro Stability: Inflation, Fiscal Deficit and External Debt

· Macro Conditions Openness, Investments, Savings

· Technology

· Human Capital

· Political Conditions

Their......

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Approximate Word Count: 786
Approximate Pages: 4 (250 words per double-spaced page)

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