This book provides a comprehensive reassessment of the development
of the economy of Pakistan since independence to the present. It
employs a rigorous statistical methodology, which has applicability
to other developing economies, to define and measure episodes of
growth and stagnation, and to examine how the state has contributed
to each. Contesting the orthodox view that liberalisation has been
an important driver of growth in Pakistan, the book places the
state at the centre of economic development, rather than the
market. It examines the state in relation to its economic roles in
mobilising resources and promoting a productive allocation of those
resources, and its political roles in managing the conflict
inherent in economic development. The big conclusions for economic
growth in Pakistan are that liberalisation, the market and the
external world economy in fact have less influence than that of the
state and conflict. Overall, the book offers analyses of the
different successive approaches to promoting economic growth and
development in Pakistan, relates these to medium-term economic
outcomes - periods of growth and stagnation - and thereby explains
how the mechanisms by which the state can better promote growth and
development.
General
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