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Globalization: The Challenge for Pakistan

Author

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  • Khalil Hamdani

    (Visiting professor, Graduate Institute of Development Studies, Lahore School of Economics; former director, Investment Division, United Nations.)

Abstract

This paper makes the case for Pakistan to engage actively in globalization. At present, the country is more a recipient of globalization than a participant. There is a need to shift the terms of engagement from passive to active involvement. Particular effort is needed to encourage foreign companies already present in Pakistan to integrate activities with their global operations. Export-oriented investment requires a more favorable trade regime. Above all, global engagement will require Pakistan to build up its technological capabilities substantially, both at the enterprise level and economy-wide. These shifts imply a revitalized industrial policy endorsed by industry and a vigorous policy thrust aimed at investment-led growth.

Suggested Citation

  • Khalil Hamdani, 2015. "Globalization: The Challenge for Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 20(Special E), pages 225-240, September.
    • Handle: RePEc:lje:journl:v:20:y:2015:i:sp:p:225-240
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    References listed on IDEAS

    as
    1. Khalil Hamdani, 2014. "Foreign Direct Investment and Technological Capabilities: The Relevance of the East Asian Experience for Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 19(Special E), pages 267-281, September.
    2. O’Rourke, Kevin H. & Williamson, Jeffrey G., 2002. "When did globalisation begin?," European Review of Economic History, Cambridge University Press, vol. 6(1), pages 23-50, April.
    3. Naved Hamid & Ijaz Nabi & Rafia Zafar, 2014. "The Textiles and Garments Sector: Moving Up the Value Chain," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 19(Special E), pages 283-306, September.
    4. Rashid S. Kaukab, 2014. "The Changing Landscape of RTAs and PTAs: Analysis and Implications," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 19(Special E), pages 411-438, September.
    5. Paul BAIROCH & Richard KOZUL-WRIGHT, 1996. "Globalization Myths: Some Historical Reflections On Integration, Industrialization And Growth In The World Economy," UNCTAD Discussion Papers 113, United Nations Conference on Trade and Development.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Ayza Shoukat & Muhammad Abdullah & Muzammal Rafique & Ghulam Muhammad Qamri, 2023. "Exploring the Link between Globalization and Inflation: Evidence from Pakistan," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 9(2), pages 155-161.

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    More about this item

    Keywords

    Globalization; investment; trade; technology; industry; Pakistan;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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