Media Type

Lecture

Publication Date

11-15-2012

Description

In 1998 I was invited by Dr. Sarfraz Qureshi, the then Director of PIDE to deliver a lecture on “The Political Economy of Reforms: A Case Study of Pakistan” . This lecture was subsequently published by PIDE as a monograph. A year later, in December 1999 I had the honour of becoming the Governor of the State Bank of Pakistan and actually participated actively in the formulation and implementation of economic reforms. During the six year period of public policy making I realized that my knowledge about the political economy as manifested in my PIDE lecture was incomplete. The narrative was more complex than I had developed as an outsider. Now, six years later after my retirement from the State Bank of Pakistan I again reflected upon this topic as an observer and analyst rather than a participant. I realized that my learnings have become much richer by applying these different prisms – those of an international development economist, a public policy maker and now an independent analyst. I am grateful to Dr. Rashid Amjad and Dr. Muslehuddin and their colleagues at PIDE for providing me this opportunity to share these learning with my colleagues, peers and other scholars present here today.

Notes

Quaid-e-Azam Lecture presented at the Annual Conference of Pakistan Society for Development Economics, November 15, 2012. Husain, Ishrat (1999) – The Political Economy of Reforms (Islamabad, Pakistan Institute of Development Economics).

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