2006

Economics and Governance (The Presidential Address)

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 …

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Perception Survey of Civil Servants: A Preliminary Report

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 …

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Renew Cities to be the Engine of Growth

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 …

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Inflation Everywhere is a Monetary Phenomenon: An Introductory Note

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 …

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Beyond Planning and Mercantilism:An Evaluation of Pakistan’s Growth Strategy

“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 …

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Domestic Commerce – The Missing Link

Participants in the workshops noted the following factors as constraining domestic commerce: → Lack of educated and trained human resource. Education system not delivering the kind of manpower required. → Lack of physical infrastructure. Poor road network. Limited, expensive and uncertain electricity. → Frequent changes in Government policies. → Fundamentalists can impact commerce without threat …

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