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Improving Regional Trade to Support Pakistan’s Economic Growth

Author

Listed:
  • Manzoor Ahmad

    (Regional Trade Advisor for the USAID Trade Project, Islamabad.)

Abstract

Regional trade has been an important factor in the economic success of many countries. Within most trading blocs, intra-regional trade comprises 40 percent or more of each member country’s individual trade. However, for the regional arrangements of which Pakistan is a member, intra-regional trade accounts for less than 5 percent. Pakistan’s strategic location is its greatest asset, but it has not leveraged this to its advantage. Although it was a relatively forward-looking country until the mid-1960s its policies have not been favorable to promoting trade and economic development since then. While other successful developing countries have espoused liberal trade regimes since the 1980s—resorting to protectionism only on a selective basis—Pakistan continues to rely on import substitution policies. Clearly, the country needs to revisit its regional and global trade policies.

Suggested Citation

  • Manzoor Ahmad, 2014. "Improving Regional Trade to Support Pakistan’s Economic Growth," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 19(Special E), pages 461-469, September.
    • Handle: RePEc:lje:journl:v:19:y:2014:i:sp:p:461-469
    as

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    File URL: http://www.lahoreschoolofeconomics.edu.pk/EconomicsJournal/Journals/Volume%2019/Issue%20SP/20%20Manzoor%20Ahmad%20Final.pdf
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    References listed on IDEAS

    as
    1. Corbo, Vittorio, 1997. "Trade Reform and Uniform Import Tariffs: The Chilean Experience," American Economic Review, American Economic Association, vol. 87(2), pages 73-77, May.
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    More about this item

    Keywords

    Pakistan; regional trade; Central Asia; regional trade routes; ports; Gwadar.;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General

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