Vol. 45 No.1-2006

“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 »