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Pakistan’s Quest for a New Growth Vent: Lessons from History

Author

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  • Ijaz Nabi

    () (Visiting Professor, Lahore University of Management Sciences and Country Director of the International Growth Centre, Pakistan.)

Abstract

This article argues that a new growth vent in Pakistan requires tapping into external lucrative markets in a manner that will create multiple entre-ports for growth. Such a growth vent will enable the country to achieve a sustained growth path that is not as susceptible to the political vicissitudes of one mega-growth node. This will be good for regional equity within the country and will also bring new energy to the Indus Basin market. Sustained welfare improvements in this type of regional hub can occur when it transitions from being a transportation hub for goods and energy into a manufacturing hub that creates high-productivity, high-wage jobs in multiple regional growth nodes.

Suggested Citation

  • Ijaz Nabi, 2012. "Pakistan’s Quest for a New Growth Vent: Lessons from History," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 17(Special E), pages 243-269, September.
  • Handle: RePEc:lje:journl:v:17:y:2012:i:sp:p:243-269
    as

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    File URL: http://121.52.153.179/JOURNAL/LJE_Vol_17-SE_PDF/10%20Ijaz%20Nabi%20ED%20AAC%2001102012.pdf
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    References listed on IDEAS

    as
    1. Mohsin S. Khan, 2009. "India-Pakistan Trade: A Roadmap for Enhancing Economic Relations," Policy Briefs PB09-15, Peterson Institute for International Economics.
    2. S. Mahendra Dev, 2008. "India," Chapters,in: Handbook on the South Asian Economies, chapter 1 Edward Elgar Publishing.
    3. Nabi, Ijaz & Malik, Abdul & Hattari, Rabin & Husain, Turab & Shafqat, Adeel & Anwaar, Sana & Rashid, Ammar, 2010. "Economic growth and structural change in South Asia: miracle or mirage?," LSE Research Online Documents on Economics 36389, London School of Economics and Political Science, LSE Library.
    4. Naved Hamid & Wouter Tims, 1990. "Agricultural Growth and Economic Development: The Case of Pakistan," OECD Development Centre Working Papers 13, OECD Publishing.
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    More about this item

    Keywords

    Regional hub; trade; GDP; Pakistan;

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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