Although observers of the Pakistani economy are well aware that a
small number of family groups, popularly called "the twenty-two
families," dominates the industrial structure of the country, the
actual effects of this concentration of economic power on income
distribution and on other areas of widespread social and political
concern arc less well understood. In this important work, Lawrence
J. White uses the concepts of industrial organization analysis to
achieve an overall view of the problems stemming from the marked
industrial concentration in Pakistan. After discussing the economic
effects of industrial concentration as they apply generally to less
developed countries, Professor White reviews the Pakistani
experience, estimating the overall concentration of power that
exists in manufacturing, banking, and insurance. Following an
estimate of the extent of concentration in individual markets, he
examines the origins of this concentration of power and analyzes
its economic and noneconomic effects in Pakistan. The author
concludes with a review of the policies that Pakistan has pursued
in dealing with industrial concentration and suggests new courses
of action for the future. Originally published in 1974. The
Princeton Legacy Library uses the latest print-on-demand technology
to again make available previously out-of-print books from the
distinguished backlist of Princeton University Press. These
editions preserve the original texts of these important books while
presenting them in durable paperback and hardcover editions. The
goal of the Princeton Legacy Library is to vastly increase access
to the rich scholarly heritage found in the thousands of books
published by Princeton University Press since its founding in 1905.
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