Pakistan’s Quest for a New Growth Vent: Lessons from History
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.
Volume (Year): 17 (2012)
Issue (Month): Special Edition (September)
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- Ijaz Nabi & Abdul Malik & Rabin Hattari & Turab Husain & Adeel Shafqat & Sana Anwaar & Ammar Rashid, 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.
- Naved Hamid & Wouter Tims, 1990. "Agricultural Growth and Economic Development: The Case of Pakistan," OECD Development Centre Working Papers 13, OECD Publishing.
- S. Mahendra Dev, 2008. "India," Chapters, in: Handbook on the South Asian Economies, chapter 1 Edward Elgar.
- Mohsin S. Khan, 2009. "India-Pakistan Trade: A Roadmap for Enhancing Economic Relations," Policy Briefs PB09-15, Peterson Institute for International Economics.
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