Question

Cotton has become a major export product for Pakistan. What are the advantages and disadvantages of having one major product such as this?

Answer 1

Answer:

The importance of cotton can hardly be over emphasized in the economy of Pakistan. Pakistan is one of the ancient homes of cultivated cotton, 4th largest producer of cotton , the 3rd largest exporter of raw cotton and a leading exporter of yarn in the world.

Pakistan is, by and large, a mono-crop economy as cotton contributes nearly 10 per cent in the agriculture GDP and a source of 60 per cent foreign exchange earnings. The value addition through cotton is 8.2 per cent in agriculture and 2 per cent in the GDP.