Pakistan - The Political Economy of Growth, Stagnation and the State, 1951-2009 (Routledge Studies in the Growth Economies of Asia)

This Book Provides A Comprehensive Reassessment Of The Development Of The Economy Of Pakistan Since Independence To The Present. It Employs A Rigorous Statistical Methodology, Which Has Applicability To Other Developing Economies, To Define And Measure Episodes Of Growth And Stagnation, And To Examine How The State Has Contributed To Each. Contesting The Orthodox View That Liberalisation Has Been An Important Driver Of Growth In Pakistan, The Book Places The State At The Centre Of Economic Development, Rather Than The Market. It Examines The State In Relation To Its Economic Roles In Mobilising Resources And Promoting A Productive Allocation Of Those Resources, And Its Political Roles In Managing The Conflict Inherent In Economic Development. The Big Conclusions For Economic Growth In Pakistan Are That Liberalisation, The Market And The External World Economy In Fact Have Less Influence Than That Of The State And Conflict. Overall, The Book Offers Analyses Of The Different Successive Approaches To Promoting Economic Growth And Development In Pakistan, Relates These To Medium-term Economic Outcomes - Periods Of Growth And Stagnation - And Thereby Explains How The Mechanisms By Which The State Can Better Promote Growth And Development.-- Machine Generated Contents Note: 1. Introduction -- Key Theoretical And Empirical Ideas In This Book -- Structure Of The Book -- 2.a Methodological Critique And Framework -- Introduction -- Episodes Of Growth And Stagnation In Developing Countries -- Public Policy, Endogenous Growth Models And Empirical Problems -- And Theoretical Problems -- The Proposed Methodology: Case Studies Of Growth -- The Proposed Model -- 3. Episodes Of Growth And Stagnation In Pakistan, 1951-2008 -- Introduction -- Methods Of Measuring Episodes Of Growth And Stagnation -- Episodes Of Growth And Stagnation In Pakistan -- An Episode Of Growth, 1951/52 To 1958/59 -- An Episode Of Growth, 1960/61 To 1969/70 -- An Episode Of Stagnation, 1970/71 To 1991/92 -- An Episode Of Stagnation, 1992/93 To 2002/03 -- An Episode Of Growth, 2003/04 To 2008/09 -- 4. Theoretical Framework -- Introduction -- The Economic And Political Schools Of The Developmental State --^ An Integration Of The Economic And Political Schools -- The (economic) Role Of The State: Finance -- The (economic) Role Of The State: Production -- The (political) Role Of The State: Institutions -- 5. An Episode Of Growth, 1951/52-1958/59 -- Summary Of Chapter Findings -- Recap From Chapter 3 -- Limitations Of Alternative Explanations -- The (economic) Role Of The State, 1951/52 To 1958/59: Finance -- The (economic) Role Of The State, 1951/52 To 1958/59: Production -- The (political) Role Of The State, 1951/52 To 1958/59: Institutions -- 6. An Episode Of Growth, 1960/61-1969/70 -- Summary Of Chapter Findings -- Recap From Chapter 3 -- Limitations Of Alternative Explanations -- The (economic) Role Of The State, 1960/61 To 1969/70: Finance -- The (economic) Role Of The State, 1960/61 To 1969/70: Production -- The (political) Role Of The State, 1960/61 To 1969/70: Institutions -- 7. An Episode Of Stagnation, 1970/71-1991/92 -- Summary Of Chapter Findings -- Recap From Chapter 3 --^ Limitations Of Alternative Explanations -- The (economic) Role Of The State, 1970/71 To 1991/92: Finance -- The (economic) Role Of The State, 1970/71 To 1991/92: Production -- The (political) Role Of The State, 1970/71 To 1991/92: Institutions -- 8. An Episode Of Stagnation, 1992/93-2002/03 -- Summary Of Chapter Findings -- Recap From Chapter 3 -- Limitations Of Alternative Explanations -- The (economic) Role Of The State, 1992/93 To 2002/03: Finance -- The (economic) Role Of The State, 1992/93 To 2002/03: Production -- The (political) Role Of The State, 1992/93 To 2002/03: Institutions -- 9. An Episode Of Growth, 2003/04-2008/09 -- Summary Of Chapter Findings -- Recap From Chapter 3 -- Limitations Of Alternative Explanations -- The (economic) Role Of The State, 2003/04 To 2008/09: Finance -- The (economic) Role Of The State, 2003/04 To 2008/09: Production -- Institutions To Manage Conflict -- 10. Conclusion -- Implications For Economic Principles And Policy. Matthew Mccartney. Includes Bibliographical References And Index. "This book provides a comprehensive reassessment of the development of the economy of Pakistan since independence to the present. It employs a rigorous statistical methodology, which has applicability to other developing economies, to define and measure episodes of growth and stagnation, and to examine how the state has contributed to each. Contesting the orthodox view that liberalisation has been an important driver of growth in Pakistan, the book places the state at the centre of economic development, rather than the market. It examines the state in relation to its economic roles in mobilising resources and promoting a productive allocation of those resources, and its political roles in managing the conflict inherent in economic development. The big conclusions for economic growth in Pakistan are that liberalisation, the market and the external world economy in fact have less influence than that of the state and conflict. Overall, the book offers analyses of the different successive approaches to promoting economic growth and development in Pakistan, relates these to medium-term economic outcomes - periods of growth and stagnation - and thereby explains how the mechanisms by which the state can better promote growth and development."-- Provided by publisher "This book provides a comprehensive reassessment of the development of the economy of Pakistan since independence to the present. It employs a rigorous statistical methodology, which has applicability to other developing economies, to define and measure episodes of growth and stagnation, and to examine how the state has contributed to each. Contesting the orthodox view that liberalisation has been an important driver of growth in Pakistan, the book places the state at the centre of economic development, rather than the market. It examines the state in relation to its economic roles in mobilising resources and promoting a productive allocation of those resources, and its political roles in managing the conflict inherent in economic development. The big conclusions for economic growth in Pakistan are that liberalisation, the market and the external world economy in fact have less influence than that of the state and conflict. Overall, the book offers analyses of the different successive approaches to promoting economic growth and development in Pakistan, relates these to medium-term economic outcomes - periods of growth and stagnation - and thereby explains how the mechanisms by which the state can better promote growth and development."--Résumé de l'éditeur Title......Page 10 Copyright......Page 11 Contents......Page 14 Illustrations......Page 16 Acknowledgements......Page 18 Preface......Page 19 Abbreviations......Page 21 1 Introduction......Page 24 2 A methodological critique and framework......Page 34 3 Episodes of growth and stagnation in Pakistan, 1951–2008......Page 56 4 Theoretical framework......Page 72 5 An episode of growth, 1951/52–1958/59......Page 100 6 An episode of growth, 1960/61–1969/70......Page 123 7 An episode of stagnation, 1970/71–1991/92......Page 159 8 An episode of stagnation, 1992/93–2002/03......Page 196 9 An episode of growth, 2003/04–2008/09......Page 215 10 Conclusion......Page 230 Notes......Page 235 Bibliography......Page 240 Index......Page 260