Economic growth should be our single most important priority. Governments and people should dream of nothing else. This is the way followed by countries like China, Korea, and Vietnam when they wanted to grow. China even gave up ideology to seek practical solutions to growth including opening up their economy. Pakistan lacks that single-minded determination …
Design a tax compliance system that will not discourage taxpayers from participating. More important than the level of taxation is how revenue is used.
Price stability is imperative in economics. Independent central banks have, therefore, been encouraged by the IMF in all countries with a clear mandate to achieve a low inflation target. It is well accepted that long-run sustained growth requires a stable low inflation environment. Curbing inflationary pressures is not costless. The tradeoff between growth and inflation …
The novel corona virus has exposed the weakness of our development planning. We have plush roads for our cars, but our health industry remains stagnant . We have 200 universities with few accomplished professors to lead the research effort to fight the corona. By design, the focus of the Public Sector Development Programme (PSDP) is …
Foreign consultants and donors seek to achieve narrow shortterm interests through their aid. It causes a greater risk to detracting attention, resources and efforts from the primary objective of sustainable development
The paper is focusing on the epistemology and the constraints faced by the process of policymaking in Pakistan. It suggests the correct macroeconomic approach for Pakistan. First of all, we need to end austerity, which is a primary condition of the IMF adjustment program. It remained in practice to cut expenditures and raise taxes on …
Macroeconomic Research and Policy Making Processes and Agenda Read More »
In 1215 AD, King John of England signed the Magna Carta – a historic power-sharing arrangement with a group of rebel barons. Its philosophy is enshrined in the British legal system, as well… Share Next Story >>> In 1215 AD, King John of England signed the Magna Carta (‘The Great Charter’) – a historic power-sharing …
In 1215 A. D, King John of England signed the Magna Carta (“The Great Charter”) – a historic power-sharing arrangement with a group of rebel barons. The British legal system, and the American Constitution, enshrine its philosophy. What were the principles of Magna Carta that led to the emergence of two successive super powers? In its …
This extremely lucid and entertaining book provides a fresh new indictment of the international aid establishment that serious students of development, both in high-income and developing economies, must confront.”
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