The management of Pakistan's economy 1947-82

Amjad, Rashid and Ahmed, Viqar (1984): The management of Pakistan's economy 1947-82. Published in:

Abstract

National economic management is a new but growing science. The developing world's experience of the recent decades underlines the fact that economic and social progress is an induced process. Governments are not only called upon to initiate the development process but are also rc:quired to influence its composition, pace, tone, and direction through an appropriate policy-mix. A consistent framework encompassing various policies within the bounds of an overall national strategy needs to be worked out by the national policy-makers. But experience has also clearly sbown that the formulation of economic policies and, even more important, the actual implementation of these policies is a formidable task. Policy formulation skills are scarce in the developing world. This book is a .modest attempt to look critically at the management of Pakistan's economy during the period 1947-82. While it has been written primarily for under-graduate and post-graduate students in economics, we feel that it should prove useful and interesting for policy-makers as well as for readers desirous of information and interested in an analysis of Pakistan's economic performance and development record since 1947. A deliberate attempt has been made, especially in the earlier chapters, to explain as simply as possible the features of Pakistan's economy, its historical development, and the process and evolution of economic decision-making. These are developed in more analytical detail in subsequent chapters especially those dealing with the major sectors.

• Item Type: MPRA Paper
• Language: English
• Keywords: Management, Pakistan, Economy
• Subjects: P - Economic Systems > P4 - Other Economic Systems > P41 - Planning, Coordination, and Reform; N - Economic History > N9 - Regional and Urban History > N95 - Asia including Middle East; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation

References

Finance Division, Government of Pakistan, Pakistan Economic Survey, 1980-1, Islamabad, 1981. p. 154.

Ibid., p. 154.

M. Kalecki, 'Forms of Foreign Aid: An Economic Analysis', in, Essays on Developing Economies, Harvester Press, 1979, pp. 64-5.

C.P. Kindleberger and B. Berrick, 'International Transfers', in Economic Development, McGraw Hill, 1977, pp. 299-301.

See Section 18.3 of this chapter.

Finance Division, Government of Pakistan, Pakistan Economic Survey, 1980-1, Islamabad, 1981, p. 156.

Statistics Division, Government of Pakistan, Twenty-five Years of Pakistan in Statistics, 1947-1972, 1972, p. 304.

Finance Division, Government of Pakistan, Pakistan Economic Survey, 1980-1, Islamabad, 1981, p. 14, Statistical Annexure.

Ibid., p. 14, Statistical Annexure.

Statistics Division, Government of Pakistan, Twenty-five Years of Pakistan in Statistics, 1947-1972, 1972, p. 304.

Finance Division, Government of Pakistan, Pakistan Economic Survey, 1980-1, Islamabad, 1981, pp. 14 and 156, Statistical Annexure.

Ibid., p. 160.

World Bank, World Tables, 1980, p.336.

Finance Division, Government of Pakistan, Pakistan Economic Survey, 1979-80, Islamabad, p.154.

Ibid., p. 155.

Ibid. pp. 147-50, Statistical Annexures.

Ibid., p. 155.

Ibid., p. 152.

Ibid., p. 152.

Finance Division, Government of Pakistan, Pakistan Economic Survey, 1980-1, Islamabad, 1981.

Computed by simply dividing outstanding external debt of US$ 8.9 by total population of 83.3 million in 1980.

Computed by dividing the annual debt servicing in 1980 by total population in 1980.

Finance Dhision, Government of Pakistan, Pakistan Economic Survey, 1980-1, Islamabad, 1981, p. 13, Statistical Annexure.

Ibid., pp. 134-5.

N. Hamid, 'A Critical Appraisal of Foreign Aid Strategy', Pakistan Economic and Social Review, Vol. VIII, No.2, December 1970, pp 149-51.

Finance Division, Government of Pakistan, Pakistan Economic Survey, 1980-.1, Islamabad, 1981, p. 153.

Ibid., p. 153.

Ibid., p. 163.

H. Alavi and A. Khusro, 'Pakistan: The Burden of US Aid' in Imperialism and Under-development A Reader, edited by R.I. Rhodes, Monthly Review Press, 1970, pp. 65-6.

Government of Pakistan, Memorandum For the Pakistan Consortium, 1970-1, Planning Commission, 1971.

H. Alavi and A. Khusro, 'Pakistan: The Burde of US Aid' In Imperialism and. Underdevelopment A Reader, edited by R.I. Rhodes, Monthly Review Press, 1970, p. 69.

South,June 1981, p. 12.

(i) Finance Division, Government of Pakistan, Pakistan Economic Survey, 1979-80, Islamabad, 1980, pp. 161-2, Statistical Annexure. (ii) Finance Division, Government of Pakistan, Pakistan Ecvnomic Survey, 1980-1, Islamabad, 1981, p. 163.

Finance Division, Government of Pakistan, Pakistan Economic Survey, 1979-80, Islamabad, 1980, pp. 159-60, Statistical Annexure.

Ibid. pp 161-3, Statistical Annexure.

Far Eastern Economic Review, 6-12 February 1981, p. 81.