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Structural Adjustment, Industrialisation, and Export Promotion

Author

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  • Shahrukh Rafi Khan

    (Sustainable Development Policy Institute, Islamabad.)

  • Shaheen Rafi Khan

    (Sustainable Development Policy Institute, Islamabad.)

Abstract

The main objective of this paper was to explore if trade liberalisation has ushered in the large scale de-industrialisation that is feared by some to follow in its wake and whether it has been successful in enhancing export promotion. We relied on several different kinds of evidence to demonstrate that de-industrialisation has not coincided with the intensive structural adjustment period while export growth has. However, both industrialisation and export promotion in Pakistan have been below potential, below the mean for low income countries and have not even kept pace with progress in this regard in the low income country group. We were not able to establish, possibly due to the paucity of time-series observations, that either industry or exports generated positive externalities for or used resources more productively than the rest of the economy.

Suggested Citation

  • Shahrukh Rafi Khan & Shaheen Rafi Khan, 1996. "Structural Adjustment, Industrialisation, and Export Promotion," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 35(4), pages 467-480.
    • Handle: RePEc:pid:journl:v:35:y:1996:i:4:p:467-480
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    References listed on IDEAS

    as
    1. Shahrukh R. Khan & Cihan Bilginsoy & M. Shahid Alam, 1997. "Dynamic Efficiencies of Industrialization and Economic Growth: An Aggregative Approach," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 50(1), pages 85-98.
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    6. Dollar, David, 1992. "Outward-Oriented Developing Economies Really Do Grow More Rapidly: Evidence from 95 LDCs, 1976-1985," Economic Development and Cultural Change, University of Chicago Press, vol. 40(3), pages 523-544, April.
    7. World Bank, 1995. "World Development Report 1995," World Bank Publications - Books, The World Bank Group, number 5978, April.
    8. Tyler, William G., 1981. "Growth and export expansion in developing countries : Some empirical evidence," Journal of Development Economics, Elsevier, vol. 9(1), pages 121-130, August.
    9. Shahrukh R. Khan & Cihan Bilginsoy, 1994. "Industry Externalities Revisited," Kyklos, Wiley Blackwell, vol. 47(1), pages 67-80, February.
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