Document Type

Conference Paper

Publication Date

10-21-2010

Keywords

Pakistan economy, Economic growth, Economic reforms

Abstract / Description

Pakistan's current economic conditions are by no means something to celebrate as a nation. But it must be realized that these conditions do not portray the enormous progress the country has made since its birth in 1947. Most outside observers and commentators at that time were of the view that the country would not survive for more than a few years. India's partition was judged to be unnecessary and too costly in terms of human misery, deaths and displacement of millions of people as it was to unravel soon. This paper aims to examine the growth process of the Pakistani economy. The paper is divided into the following sections. Section 1 gives an overview of the prerequisites for economic stability and growth. Section 2 analyses the positive factors influencing Pakistan's growth. Section 3 gives an overview of the achievements of the Pakistani economy since partition. Section 4 elaborates on the decade wise economic performance. Section 5 analyzes the reforms undertaken for the turnaround of the economy and examines the sustainability of these reforms and the risks to the reform process. Section 6 gives the theories being expounded about the growth process of the economy and examines the validity of each of the above propositions whether it is based on solid foundations or is an economic mirage. Section 7 illustrates some of the risks associated with the reform process. Section 8 lays the way forward and concludes.

Comments

This paper is a compilation of remarks and lectures on Pakistan's economic growth, drawn from presentations at the Daily Times seminar in Karachi in January 2003, the Embassy of Pakistan seminar in Washington D.C. in January 2004, a seminar at the Paul H. Nitze School of Advanced International Studies (SAIS), Johns Hopkins University in October 2004, and a lecture at the Command and Staff College, Quetta, in October 2010. IH0373

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