Had adult literacy rate been close to 100 instead of close to 50 today, it is my estimate that the per capita income would have reached at least $ instead of $ Pakistan’s manufactured exports in the 1960s were higher than those of Malaysia, Thailand, Philippines and Indonesia.
This would promote confidence in the medium-term production capacity of the euro area and therefore counteract to some extent the current high degree of uncertainty. We are now at your disposal for questions. 2  BIS Review 17/2003