Faculty / School

Faculty of Business Administration (FBA)

Was this content written or created while at IBA?

Yes

Document Type

Conference Paper

Publication Date

1-26-2012

Author Affiliation

  • Dr. Ishrat Husain is Dean and Director at Institute of Business Administration, Karachi.

Conference Name

Seminar on Pakistan: Charting a course for Revival

Conference Location

Brussels

Conference Dates

January 26, 2012

Series

Faculty Research - Book Chapters and Conference Papers

First Page

1

Last Page

2

Keywords

Governance reform, Economic management, Institutional development, Public policy in Pakistan

Abstract / Description

The current perception about the weak Pakistan economy has edged out some hard facts, e.g. Pakistan is one of the few developing countries that has had an average growth rate of 5 percent per annum over a fifty year span. Even more recently, during the period 2003-2007, Pakistan was the third fastest growing economy in Asia, preceded by China and India. Since then, however, the economy has been under stress and the growth rate has declined to 3-4 percent per annum in the last few years. Why has this happened? There are both external as well as internal factors which have impinged upon the economic performance. I would not dwell upon the war against terror, floods of 2010 and 2011 and global economic recession but focus upon the internal factors only. There are at least four main reasons for this outcome.

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