Why Pakistan Must Break-into the Knowledge Economy
The author emphasizes in this paper that this was the moment in Pakistan’s economic trajectory for it to learn to leap frog technologically from a labor intensive economy, by passing the intermediate stages of resource based and scale based activities, to a knowledge based economy. A knowledge based economy is one that bases its growth not on increasing capital or land or labor inputs, but on knowledge. The transition required is considerable, the author points out.
Volume (Year): 11 (2006)
Issue (Month): Special Edition (September)
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- Rashid Amjad, 2005. "Skills and Competitiveness: Can Pakistan Break Out of the Low-Level Skills Trap?," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(4), pages 387-409.
- Romer, Paul M, 1990.
"Endogenous Technological Change,"
Journal of Political Economy,
University of Chicago Press, vol. 98(5), pages S71-102, October.
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