Article Type

Article

Description

The diagnostics of Pakistan’s worsening economic conditions are quite well known. The vital signs of the health of the economy i.e. growth, inflation, employment, fiscal balance, current account balance, indebtedness, etc appear worrisome.

The persistence of an ailing economy sapping the energies of the people raises a fundamental question: are the policy prescriptions to rectify the situation themselves deficient or is the dosage administered, i.e. the phasing, sequencing, mixture and timing of the policies, inadequate, or is ‘patient management’— the implementation of these policies — poor?

A dispassionate analysis would reveal that it is a combination of all three elements but the predominant variable is the poor implementation of policies. What are the main reasons for such an unsatisfactory state of implementation?

Publication Source

Dawn

Publication Date

11-23-2011

Pages

1-3

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