Daniel Pink points out that Encarta was developed by a of well-paid team by Microsoft as a flagship project, but it lost out to Wikipedia that was developed by people without payment. Modern human resource management (HRM) emerged in the industrial revolution and was based on extrinsic motivations—“carrots and sticks” such as “if you do …
The Pakistan Institute of Development Economics (PIDE) organised a conference on the development policy of Pakistan with a focus on planning and public investment policy. At the Conference, a PIDE study entitled, Doing Development Better1 was launched and discussed. The key findings of the conference are listed below:
My fellow social scientists, economists, scholars, thinkers, observers. Welcome to the 26th Annual General Meeting and Conference of the Pakistan Society of Development Economists—a society that prides itself on being the only “professional association of economists and other social scientists” in the country. This annual event serves many purposes: it is an intellectual exchange allowing …
Ladies and Gentlemen, in the 60 years of postcolonial development, Pakistan and many other poor countries have followed many prescriptions that promised development. These countries went through phases of planning and controls, nationalisations and socialism, industrialisation strategies based on licenses and protection, the Washington consensus and many other prescriptions. Billions of dollars in loans and …
Economics and Governance (The Presidential Address) Read More »
Despite various attempts at reforming the civil services the common perception seems to be that the system essentially remains similar to that inherited from the colonial past. Worse still, little is known about the perceptions of civil servants on various issues in civil service reforms. Against this backdrop, the Pakistan Institute of Development Economics conducted …
Perception Survey of Civil Servants: A Preliminary Report Read More »
PIDE Cities Research Programme was initiated in Karachi with a conference titled Cities: the Engine of Growth on November 15-16, 2006. The conference was held in our largest city and was well-attended by economists, architects, town planners, Nazims, government officials, NGOs, journalists, and other citizens. The discussion was animated and about twenty-five speakers addressed the …
Ever since the 1970s, when inflation became a virtually global phenomenon, controlling inflation has become a high priority for policy-makers. Given the well-known costs of inflation, policy now in all countries is inflation-averse. Perhaps one of the more important adverse consequences of inflation may be that high and persistent inflation is a regressive tax1 which …
Inflation Everywhere is a Monetary Phenomenon: An Introductory Note Read More »
“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in …
Beyond Planning and Mercantilism:An Evaluation of Pakistan’s Growth Strategy Read More »
To frame the issue, two characteristics of Pakistan should be noted. First, Pakistan has a very large market of 160 million people. For decades, this fact has been ignored in policy because of the focus on production and exports.1 Second, a large and growing population has now produced a huge youth bulge in the population …
Promoting Domestic Commerce for Sustainable Pro-poor Growth Read More »
THE ‘DEVELOPMENT APPROACH’ TO GOVERNANCE We, in Pakistan, should be very happy that the global development community has finally accepted the centrality of public sector reform (also known as improved governance) in the quest for improved living standards in poor countries. Development economics is a subject that is based on the interpretation and observation of …
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