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In today's globalised world environmental factors are going to play a major role in not so distant a future, in the social and economic development of countries, especially the underdeveloped ones. We cannot comprehend the magnitude of these changes right now especially in Pakistan, where environmental degradation is already having a major impact, be it through changing climate patterns, or increased number of natural calamities. Conference of Parties (COP21) was a United Nation (UN) Conference on Climate Change in Paris, held between November-December 2015, to put these environmental changes into perspective and find solutions for them. The major outcome of this conference was the Paris Agreement. In September 2015, during the 70th United Nation General Assembly (UNGA) meeting, which was a precursor to the COP21 Conference, the implementation of Sustainable Development Goals (SDGs) was approved. Pakistan is one of the countries, already suffering from the effects of climate change and water insecurity issues, falls into the category of water stressed states. As one of the signatories of the Paris Agreement, it gives a great opportunity to Pakistan to seek help from the international community to deal better with its environmental issues. As Pakistan is an agrarian economy, any drastic changes in the environment will have an adverse impact on its national economy. This paper will evaluate the vulnerability of Pakistan to the phenomenon of climate change, and the deleterious impact it can have on the per capita income, water security, and food-energy nexus of the people of Pakistan; and will suggest as to how the policy makers of the country can place it on the path towards green economy, as envisioned by the government's Vision 2025 plan.

Two major players in the world economic order – the US and China – are entangled in a foreseeably long and highly competitive trade war, one that could have serious implications for the global economy. It would rather act as a brake on the global growth at a time when economies in the developed world need to grow faster to pay down debts accumulated the since the financial crisis. Overall, there is an overwhelming evidence that trade has augmented in those developing countries where supportive policies have been in place. Over time, the countries have learned to balance trade policies with higher investment in infrastructure and education. With the global trading system under assault now, the question for developing countries is how to respond. The enhanced threat from a looming trade war scenario, consequently, is greater than the possible gain from the liberalisation of trade. These mitigating circumstances present a bleak picture not only for the two countries at the forefront of this crisis but for the entire international economy also, particularly for the developing countries like Pakistan. Thus, in the global economic discourse, the longstanding argument between trade protectionism and liberalisation has come to the fore once again.

This paper attempts to analyse and describe the role played by a state in promoting economic growth by contrasting two classical schools of political economy, the Keynesian school of thought and Neo-liberalism. The British economist, John Maynard Keynes proposed optimising market practices under a technocratic system of governance. In recent decades, this influential approach has exposed its vulnerabilities to the revival of neo-liberal laissez-faire arguments. In the age of globalisation, the integration of economies around the world has put new demands on the modern state at the very same time, in many ways, which have reduced their capacities to deal with those demands. The state today is squeezed, on the one side, by the forces of global economy and, on the other side, by the political demands for devolution of power. There is an important role for the state to play in the economic development, whether it is through intervention or deregulation, the ultimate choice lies with the society regarding which of the two forms to follow. In some dramatic role reversals, the yesteryear champions of laissez-faire (the US and UK) are moving towards protectionism, whereas, the earlier advocates (China and Russia) of closed economies are today arguing the case of free and fair international trade and globalisation per se. This is no coincidence as, ironically, both the school of thoughts have a lot in common in that they complement each other in many ways in terms of intellectual ideology.

Aus pakistanischer Sicht

Paulo Coelho's Eleven Minutes has viewed the Id as subservient to ideology. The study focuses on Karl Marx's concept of Ideology and the Freudian Id. In the novel, a character namely Maria has a strong Id which dominates her ideology. Her act of masturbation and feeling of erotic pleasure shows a lack of repression. She is ruled by carnality as the proletariat is ruled by the bourgeois. The present analysis aims to throw light on all erotic experiences of Maria which reveal that her ideology is subservient to the id. The researcher aims to find out that healthy repression of sexual desires distinguishes humans from animals and that an individual can become productive in society. Healthy repression converts psychic energy into artistic creation. Out of curbing eroticism, the ideology becomes operational. Consequently, culture, religion, morality and creativity are introduced and practised and society becomes balanced.

Purpose
This study aims to examine the moderating effect of intellectual capital (IC) in the relationship between board characteristics and firm performance of non-financial firms listed on the Pakistan Stock Exchange (PSX) from 2010 to 2019.


Design/methodology/approach
The modified value-added intellectual capital (MVAIC) was used to assess the efficiency of sample firms' IC, which is a modified version of Pulic's (2000) model VAIC that includes an additional component, rational capital efficiency. Board size, independence, board meetings, chief executive officier duality and board gender diversity are all measures of board characteristics. Firm performance is measured through return on assets, return on equity and earnings per share. The Hausman test was used to select the best model for the study.


Findings
Based on the regression results, the board's gender diversity and duality have a significant inverse relationship with profitability. In terms of the impact of board characteristics on IC, it is discovered that board independence and diversity are significantly inversely related to IC. Furthermore, IC is significantly related to profitability by all means. In terms of the moderating effect of IC, the findings show that IC significantly moderates the negative relationship between duality and profitability, as well as board gender diversity and profitability.


Practical implications
This study made some policy recommendations to policymakers. Duality should be avoided in PSX firms because it is significantly inversely related to profitability and IC. Second, female board participation should be subjective. Third, because the findings indicate that Pakistani firms lack true board independence, the Securities and Exchange Commission of Pakistan should take additional steps to ensure that the board is truly independent.


Originality/value
To the best of the authors' knowledge, this is the first study of its kind to study the moderating effect of IC between corporate governance and firm performance.

Ishiguro's Never Let Me Go (Never) exposes the oppressive role of ideology in imploding human identity through societal training, education, and the social roles of clones in the human world. Cloning is another marvel of biotechnology which has given birth to many optimistic as well as pessimistic narratives. The post human narrative is central to dystopia as it tends to put forward the regressive use of biotechnology that has the potential to disrupt the essential human identity and implement a sort of reduction-ism which manifest gratification and conformity. The desire to indoctrinate conformity indicates the late capitalistic tactics of commodification which results in an identity implosion. The paper asserts that ideological maneuvering and construction of imploded identities are exhibited through dystopian bio-technologies in the agency of post humanism, which represent com-modified identity politics. The post human, in this context, serves as the Other of stratified human identity.

This review emphasized the relationship among capital formation, economic growth, exports and imports in case of Pakistan scenario using time series data from 1976 to 2015. Augmented Dickey Fuller Test, Johansen Co-integration, Vector error correction model and Granger Causality techniques have been used to check the relationships among exports, imports and economic growth. The results from this study show that the exports, imports, real GDP and gross fixed capital formation have a long run relationship and are co-integrated. This study uses the data of Pakistan and concludes that GDP doesn't granger cause with the export and import while export and imports do granger cause with the GDP in the long run. Finding of the study also displays that physical capital formation has no impression over GDP. Previous study shows the positive relation among exports, imports, capital formation and economic growth while this study shows that in the long run capital formation and economic growth has no effect. Government subsidizes the exports and also increases the duty bills on imports that help boost the domestic industries manufacture the goods and motivate to produce the best quality of goods.
JEL codes: F2, O47

This review emphasized the relationship among capital formation, economic growth, exports and imports in case of Pakistan scenario using time series data from 1976 to 2015. Augmented Dickey Fuller Test, Johansen Co-integration, Vector error correction model and Granger Causality techniques have been used to check the relationships among exports, imports and economic growth. The results from this study show that the exports, imports, real GDP and gross fixed capital formation have a long run relationship and are co-integrated. This study uses the data of Pakistan and concludes that GDP doesn't granger cause with the export and import while export and imports do granger cause with the GDP in the long run. Finding of the study also displays that physical capital formation has no impression over GDP. Previous study shows the positive relation among exports, imports, capital formation and economic growth while this study shows that in the long run capital formation and economic growth has no effect. Government subsidizes the exports and also increases the duty bills on imports that help boost the domestic industries manufacture the goods and motivate to produce the best quality of goods. JEL codes: F2, O47