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Short Term versus Long Term Economic Planning in Pakistan: The Dilemma

Author

Listed:
  • Dawood MAMOON

    (University of Management and Technology (UMT), School of Business & Economics, Lahore, Pakistan.)

  • Muhammad Rabbi AHSAN

    (University of Management and Technology (UMT), School of Business & Economics, Lahore, Pakistan.)

Abstract

For long term and sustainable economic development, countries have to start from somewhere. Thus there is a distinction between short term planning and long term gaols setting. However countries like Pakistan have mostly fell into the trap of economic plans that focus on year to year goals setting or in other words macroeconomic stabilisation and usually fail to link policies with long term plans. The paper presents data that supports the hypothesis that it is the initiative of governments and not the donors to link long term economic progress with short term policies. China is a good example in this regards.

Suggested Citation

  • Dawood MAMOON & Muhammad Rabbi AHSAN, 2017. "Short Term versus Long Term Economic Planning in Pakistan: The Dilemma," Journal of Economics Library, KSP Journals, vol. 4(1), pages 30-40, March.
    • Handle: RePEc:ksp:journ5:v:4:y:2017:i:1:p:30-40
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    References listed on IDEAS

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    1. F. M. Scherer, 1986. "Innovation and Growth: Schumpeterian Perspectives," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262691027, December.
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    7. Frank T. Denton & Byron G. Spencer, 1997. "Population, Labour Force, and Long-term Economic Growth," Independence and Economic Security of the Older Population Research Papers 25, McMaster University.
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    Cited by:

    1. Fabio Gaetano Santeramo & Lerato Phali, 2023. "On the impact of provincial development policies in South Africa," Development Southern Africa, Taylor & Francis Journals, vol. 40(6), pages 1137-1152, November.
    2. Saima Kalwar & Melasutra Md Dali & Norhaslina Hassan, 2018. "Development Framework for Agro-Based Industries in Secondary Cities of Sindh Province, Pakistan: SWOT Analysis of Ten-Year Perspective and Medium-Term Development Framework Plans," Sustainability, MDPI, vol. 10(4), pages 1-21, April.
    3. Saima Kalwar & Noman Sahito & Irfan Ahmed Memon & Jinsoo Hwang & Muhammad Yousif Mangi & Zulfiqar Ali Lashari, 2019. "National Planning Strategies for Agro-based Industrial Development in Secondary Cities of Sindh Province, Pakistan," Sustainability, MDPI, vol. 11(24), pages 1-16, December.
    4. David Asmat-Campos & Ángel Carreño-Ortega & Manuel Díaz-Pérez, 2019. "Recovering-Innovation-Exportation Triangle as an Instrument for Sustainable Development: Proposal for Peruvian Agro-Export Development," Sustainability, MDPI, vol. 11(4), pages 1-14, February.

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    More about this item

    Keywords

    Economic Planning; Dilemma.;

    JEL classification:

    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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