Publication Date

4-16-2024

Description

The last seventy years experience of developing countries has demonstrated that the focus of Economic Development on the narrow concept of economic growth or increases in GDP is highly misplaced. . A much broader concept that aims at inclusive, sustained and sustainable growth is the current working hypothesis. Indicators of success or failure now cover wide range of Social, Environmental and Governance dimensions . The respective roles of state, market and society have also been redefined and the binary State vis Market or ideological labels such as neo liberalism vs Socialism are no longer valid and have become outdated concepts. What we need today is a strong , competent and effective State, well functioning competitive markets with ease of entry and exit and a vibrant and vigilant civil society. The consensus view is that it is the collaborative effort of all these three stakeholders working in tandem and unison that can bring about successful outcomes . It is in this context that I would offer some remarks as to how a responsible, ethical and honest media in Pakistan can play a major catalyst role in this endeavour.

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