A Critical Evaluation of Strategies of Economic Development Planning in Pakistan during Last 30 Years: Way Forward

muhammad islam, Muqeem (2023): A Critical Evaluation of Strategies of Economic Development Planning in Pakistan during Last 30 Years: Way Forward. Published in: Khyber Journal of Public Policy , Vol. 2, No. 1 (2023)

Abstract

Planning has remained the main component of the growth strategy adopted by nations to accelerate their growth in recent times. Being cognizant of the importance of the planning process, the Government of Pakistan, since its inception, has made various strategies for economic development based on the principle of balanced and sustainable growth. Pakistan has progressed, yet the pace has not been fast and diversified enough to substantially improve the living standards of the people and push the country from the lower income to the upper-middle-income group. The overall and sectoral growth path has remained uneven and bumpy. There have been periods of high, moderate, and slow economic growth and sector performance. The incidence of poverty and income and wealth disparity has remained high. Thus, the overhang of macroeconomic imbalances coupled with political uncertainty and structural problems has inhibited the long-term growth prospects of the economy

• Item Type: MPRA Paper
• Language: English
• Keywords: Planning, Economic Development, Sustainable Growth, Income Disparity, Macroeconomic Imbalances
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O12 - Microeconomic Analyses of Economic Development

References

The opinions expressed in this publication do not implicitly or explicitly reflect the opinions or views of the editors, members, employees, or the organization. The mention of individuals or entities and the materials presented in this publication do not imply any opinion by the editors or employees regarding the legal status of any opinion, area, territory, institution, or individual, nor do they guarantee the accuracy, completeness, or suitability of any content or references. Copy Right Statement: © 2022 Khyber Journal of Public Policy