Economic prosperity is achieved when people have access to the necessities needed for a fulfilling life. A 3Ps framework – policies, priorities, and preparedness – is essential for this achievement. Prosperity has many drivers including trade, public-private partnerships, businesses, growth, technological innovation, and so on. Policies to achieve economic prosperity should be centred on fostering innovation, promoting equitable growth, and ensuring sustainability.
Policymakers need to create a business-friendly environment by streamlining regulations, enhancing ease of doing business, and providing incentives for entrepreneurship and investment. Moreover, through progressive taxation, targeted social programmes, and financial inclusion initiatives, poverty and income inequality could be reduced. For this, a stable long-term political environment is needed.
Jhangir Kakar
Zhob
