Streaming Media
Media Type
Keynote Address
Publication Date
8-12-2005
Description
The decade of 1970s in Pakistan witnessed a massive redistribution of national assets from the private owners to the state. The reason underlying the then Government’s thinking for this extremely radical action was that the national wealth was being concentrated in the hands of few families and the rich were getting richer and the poor getting poorer. It was asserted by the proponents of this strategy that the state control over allocation of the resources would promote the best interests of the poor. The intellectual support for this strategy was drawn from the success of the Soviet Union and the socialist economic model practised in that part of the world.
Recommended Citation
Husain, I. (2005). Why Privatization Is Necessary for Economic Growth in Pakistan?. Retrieved from https://ir.iba.edu.pk/faculty-research-talks-speeches/70
Notes
Address of the State Bank Governor delivered as Chief Guest at the 11th Get Together of the Overseas Universities Alumni Club and the 21st Century Business & Economics Club on August 12, 2005 at Karachi.