Is Pakistan's Economy More Stable Than India's? | Shocking Truth Revealed | Part 2 | HCE22 episode artwork

EPISODE · Feb 2, 2026 · 20 MIN

Is Pakistan's Economy More Stable Than India's? | Shocking Truth Revealed | Part 2 | HCE22

from The Human City · host Ruchita Bansal

About the Episode: Pakistan: 60 years, ZERO recessions. India vs Pakistan growth rates? Identical. Economist Matthew McCartney reveals data that challenges everything you think you know about South Asian development.WHAT WE COVER:- Pakistan's hidden economic stability- China's infrastructure strategy (CPEC impact)- Why Special Economic Zones succeed in China, fail in Africa- Industrial policy: What actually works (South Korea, Ethiopia)- The Indus Valley lesson modern cities forgot- After 25 years—what keeps experts hopeful------------------------Chapters:00:00 The Lie We Tell Ourselves01:12 The Glimpse of Pakistan02:07 Misconception about Pakistan's Economic and Urban Development03:28 State Capacity of Pakistan04:22 NEWCHAPTER05:47 Status of Women Safety in Pakistan07:19 Visit to Historical Ruins in Pakistan: Mohenjodaro 09:01 Special Economic Zones: Successes and Failures13:11 SEZs: The Shenzhen Myth14:34 Successful Industrial Policy: Lessons Learned16:38 The Africa Urban Lab: Empowering Urban Planners18:17 Insights from 25 Years in Development19:13 Outro: The Unfinished Conversation------------------------WATCH PART 1 (If You Missed It):Part 1: Who's Looting Your City? Urban Dysfunction & Corruption Exposed[https://www.youtube.com/watch?v=daLLPUWEc5Q]What we covered in Part 1:- Why cities across India & Africa are urbanizing without creating jobs- Dysfunctional colonial laws that still enable corruption (Nairobi's snow-proof roofs!)- How politicians profit from urban sprawl- Zambia's infrastructure trap: From hope to debt crisis in 11 years- "Dysfunctional laws are functional for somebody"About the Guest: Matthew McCartney is a development economist with 25 years of experience advising the World Bank, USAID, EU, UNDP, and governments across Africa, South Asia, and the Middle East. He has taught at SOAS University of London and the University of Oxford, authored books on Chinese investment in Pakistan (CPEC), and worked extensively on urbanization, industrialization, and Special Economic Zones. Matthew has lived and worked in Zambia, Pakistan, Ethiopia, and across East Africa—not from conference rooms, but on the ground.Connect with him on Linkedin: / matthew-mccartney-60883b272 ------------------------About the Host:The Human City Podcast is hosted by Ruchita Bansal, an accomplished urban planner and project management professional with 15+ years of experience. She has led multi-billion-dollar development projects and sustainable mobility programs across India, including her leadership role at the Ayodhya Development Authority.Ruchita is also the founder of SheCity India, a platform for gender-inclusive urban planning, storytelling, and data-driven advocacy.--------------------------About The Human City Podcast:This podcast brings together global voices and local insights to explore how cities can be made more inclusive, sustainable, and human-centered. Each episode uncovers what it takes to design cities that truly work for people.“The Human City Podcast is an initiative of SheCity India — building gender-inclusive, human-centered cities.” #Pakistan #India #China #Development #Economics #UrbanPlanning #SEZs #CPEC #IndustrialPolicy #PoliticalEconomy #SouthAsia #Africa #Urbanization #Cities #Infrastructure #MatthewMcCartney #TheHumanCity #DevelopmentEconomics #PakistanEconomy #IndiaEconomy #ChineseinInfrastructure #SpecialEconomicZones #EconomicData #UrbanDevelopment

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Is Pakistan's Economy More Stable Than India's? | Shocking Truth Revealed | Part 2 | HCE22

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