Document Type
Article
Source Publication
The News International Pakistan
Keywords
Political Economy, Elitist Model, Pakistan Development
Disciplines
Business | Economics
Abstract
While the omission, leave alone criticism, of the IMF and World Bank in Pakistan's affairs can be explained away due to Ishrat Husain's expediency, his overall analysis which provides the main arguments of the book reveal weaknesses in his way of thinking and conceptualisation, especially considering his overall thesis. He defines the elite as a coalition of the landed aristocracy, industrialists and big business, the civil and military bureaucrats, and professionals. The main thesis of Ishrat Husain is that this elite group, accounting for less than one percent of the population, has captured the institutions of the state and of the market completely.
Recommended Citation
Zaidi, S. A. (1999). Pakistan -- The Economy of an Elitist State: A Critique. The News International Pakistan Retrieved from https://ir.iba.edu.pk/faculty-research-articles/269
Note
Published in The News International Pakistan on January 10, 1999. This article is a critique of Ishrat Husain's book Pakistan: The Economy of an Elitist State, published by Oxford University Press in 1999. IH0471
