Pakistan's Economy: Achievements, Progress, Constraints, and Prospects

Pakistan's Economy: Achievements, Progress, Constraints, and Prospects
Author:
Publisher:
Total Pages: 50
Release: 2001
Genre:
ISBN:

Since independence, Pakistan can look back on 50 years of steady, sometimes spectacular economic advance. Pakistan's growth has been the fastest in South Asia. The gross national product has increased on average by over 5% a year since 1947. Pakistan started behind India at the time of independence, but its income per capita is now 75% higher. In spite of high population growth, per capita income has more than trebled in the past two decades. Still, despite these accomplishments there is growing dissatisfaction with the country's economic performance. Here the main shortcomings often cited include the following: (1) large budgetary and balance of payments deficits, (2) increasing inflationary pressures, (3) population explosion and rising unemployment, (4) physical infrastructure constraints, and (5) inadequate human resource development. Pakistan's golden jubilee presents an opportune time to examine the country's economic performance during the last 50 years. How far has the economy progressed and at what cost? Is progress sustainable? What are the main limitations associated with the country's development model? Is Pakistan on the verge of becoming an Asian Tiger? Ultimately, one has to address the question posed by Mahbubul Haq: "Why are its people so poor when the economy has made such rapid progress?" Perhaps a related question is whether and to what extent democracy can be sustained in light of the massive economic and social difficulties the country currently faces.

Challenges of Growth and Globalization in the Middle East and North Africa

Challenges of Growth and Globalization in the Middle East and North Africa
Author: Mr.Hamid R Davoodi
Publisher: International Monetary Fund
Total Pages: 44
Release: 2003-09-05
Genre: Business & Economics
ISBN: 9781589062290

The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.

Pakistan's Economy at the Crossroads

Pakistan's Economy at the Crossroads
Author: Parvez Hasan
Publisher:
Total Pages: 394
Release: 1998
Genre: Business & Economics
ISBN:

This book, by the former chief of the World Bank Mission in Central Asia, presents an assessment of Pakistan's economic record and performance over the last fifty years. Hasan examines the role of politics and economic policies in explaining Pakistan's development experience and highlights the sources of present economic difficulties. A unique feature of the book is that the analysis of the period prior to separation presents trends for East and West Pakistan separately and focuses on inter-regional economic issues that became so divisive in the final years of united Pakistan. Drawing on these past lessons, the book also presents an agenda for policy and institutional reform for the future.

The Growth Report

The Growth Report
Author: Commission on Growth and Development
Publisher: World Bank Publications
Total Pages: 198
Release: 2008-07-23
Genre: Business & Economics
ISBN: 0821374923

The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.

Revitalizing Industrial Growth in Pakistan

Revitalizing Industrial Growth in Pakistan
Author: Ernesto Sánchez-Triana
Publisher: World Bank Publications
Total Pages: 197
Release: 2014-08-07
Genre: Business & Economics
ISBN: 1464800294

Pakistan’s development efforts are guided by its 2011 Framework for Economic Growth, which identifies actions needed to create a prosperous, industrialized Pakistan through rapid and sustainable development. Industrialization has the potential to drive Pakistan’s economic growth and contribute significantly to meeting both economic and human development goals in Pakistan. Expansions of industrialization activities, whether in highly developed or developing countries, can be stimuli for intense debate about such projects’ benefits and costs to the region in which they are to be located, to the national economy—and to human health and the environment. Pakistan’s 2011 Framework for Economic Growth recognizes that, to accelerate industrialization, Pakistan must reduce the cost of doing business and create an incentive structure designed to achieve a competitive, dynamic, and export-driven industrial sector capable of providing employment to the growing labor force. Competing in global markets requires a socially and environmentally sustainable industrialization strategy. The four main inputs for sustainable industrial growth in Pakistan discussed in this book are 1) Macroeconomic stability and sectoral policies to support industrial competitiveness by allowing long-term planning, including investments in infrastructure and cleaner production. 2) Upgraded trade facilitation and infrastructure (particularly transport and energy) to address some of industrialization’s spatial aspects. Improved transport infrastructure will lower production’s environmental costs. 3) Greening of Pakistan’s industrial sector to enhance international competitiveness—“greening” will make Pakistan a more attractive export partner for nations and firms committed to green production. 4) Strong institutions—for example, environmental management agencies to control pollution, and cleaner production centers to increase domestic awareness of international environmental standards—to implement industrialization initiatives effectively, including those for small and medium-sized enterprises. This book provides a comprehensive analysis of issues relating to the debate about Pakistan’s green industrial growth and lays out priorities and strategies for “greening” Pakistan’s industrial growth.

Economic Survey 2017-18 (Volume I and Volume II)

Economic Survey 2017-18 (Volume I and Volume II)
Author: Ministry of Finance, Government of India
Publisher: Oxford University Press
Total Pages: 845
Release: 2018-03-31
Genre: Business & Economics
ISBN: 0199094136

The Economic Survey is the budget document of the Government of India. It presents the state of affairs of the Indian economy. Economic Survey 2017-18 consists of two volumes. Volume I provides an analytical overview of the performance of the Indian economy during the financial year 2017-18. It highlights the long-term challenges facing the economy. Volume II is a descriptive review of the major sectors of the economy. It emphasizes economic reforms of contemporary relevance like GST, the investment-saving slowdown, fiscal federalism and accountability, gender inequality, climate change and agriculture, science and technology, among others.

Export Incentives

Export Incentives
Author: Sanjay Kathuria
Publisher: World Bank Publications
Total Pages: 38
Release: 1994
Genre: Export controls
ISBN: