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The Balance of Payments and External Resources in Pakistan's Third Five Year Plan: Reply


    (University of California)

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    Mr. Sartaj Aziz has presented a challenging rejoinder to my critical article on the international economics of the Third Plan [3]. It is incumbent upon the challenged critic to rebut if he can, and to acknowledge correction where appropriate. First, let me dispose of what appears to be only a semantic difference. Mr. Aziz states that "the assumption that the Third-Plan export targets are only a statistical projection of the Second-Plan performance is incorrect." In a sense, of course, they must be projections, in that recent performance is the best available evidence of what the future holds. The targets are (quite appropriately)

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    Article provided by Pakistan Institute of Development Economics in its journal The Pakistan Development Review.

    Volume (Year): 6 (1966)
    Issue (Month): 4 ()
    Pages: 575-579

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    Handle: RePEc:pid:journl:v:6:y:1966:i:4:p:575-579
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