Solving Pakistan's Poverty Puzzle: Whom Should We Believe? What Should We Do?
AbstractUnderstanding Pakistan’s economic performance has never been easy. Its capacity to generate impressive rates of economic growth in the 1960s and 1980s with low levels of savings, investment and very poor human development indicators confounded its critics. Indeed during the overall period 1960–1990 Pakistan’s growth performance would place it in the top ten countries in the world. This made an eminent economist Professor Richard Eckaus remark, “Pakistan is a puzzle, a miracle of levitation. With one of the lowest domestic savings rate in Asia, its economy has performed quite creditably. Since we do not believe in miracles, we have to wonder whether the capital inflows that have sustained this growth will last”.1 Unfortunately they did not. Pakistan’s growth rate in the 1990s came tumbling down, the result of a number of factors of which a decline in capital inflows also played a significant part. If Pakistan’s growth performance has been in part difficult to justify then understanding or explaining changes and wide fluctuations in its poverty levels has posed even a more challenging task. Pakistan has witnessed over the last three decades periods of high economic growth, as in the 1960s, accompanied with increasing poverty levels, periods of low economic growth, as in the 1970s, accompanied by reductions in poverty levels, periods of high economic growth leading to a decline in poverty as in the 1980s and periods of low economic growth as in the 1990s accompanied by as we shall see by increasing poverty levels.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Pakistan Institute of Development Economics in its journal The Pakistan Development Review.
Volume (Year): 42 (2003)
Issue (Month): 4 ()
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rashid Amjad & A.R. Kemal, 1997. "Macroeconomic Policies and their Impact on Poverty Alleviation in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 36(1), pages 39-68.
- A. R. Kemal, 2003. "Structural Adjustment and Poverty in Pakistan," MIMAP Technical Paper Series 2003:14, Pakistan Institute of Development Economics.
- Abdul Saboor & Zakir Hussain, 2005. "The Dynamics of Rural Poverty in Pakistan: A Time Series Analysis," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 10(1), pages 1-14, Jan-Jun.
- M. Ashraf Janjua, 2005. "Money Supply, Inflation and Economic Growth: Issues in Monetary Management in Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 10(Special E), pages 72-105, September.
- Amjad, Rashid, 2005.
"Pakistan's poverty reduction strategy: why employment matters,"
38079, University Library of Munich, Germany.
- Rashid Amjad, 2005. "Pakistan's Poverty Reduction Strategy: Why Employment Matters," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 10(Special E), pages 144-178, September.
- Amjad, Rashid, 2006. "Employment strategies and labor market policies: interlinkages with macro and sectoral policies," MPRA Paper 39177, University Library of Munich, Germany.
- Inayat Ullah Mangla, 2011. "Reconstructing the Performance of Pakistan’s Political Economy: Another Paradigm," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 16(Special E), pages 30-70, September.
- Nawaz A. Hakro & Wadho Waqar Ahmed, 2006. "IMF Stabilization Programs, Policy Conduct and Macroeconomic Outcomes: A Case Study of Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 11(1), pages 35-62, Jan-Jun.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Khurram Iqbal).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.