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Pakistan's Economy since 1999

Author

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  • Shahrukh Rafi Khan

    (Shahrukh Rafi Khan is with Mount Holyoke College, USA. Email: shahrukh.2006@gmail.com)

Abstract

Military governments in Pakistan and elsewhere claim legitimacy based on superior economic management and the pretext for assuming power is usually corruption and economic mismanagement of incumbent political regimes. Ever since the current military government seized power in Pakistan in October 1999, it has, like earlier military governments, claimed to have turned the economy around citing selective statistics. A more careful and comprehensive review of the same statistics suggests that this claim is exaggerated. Also, like past military governments, this one has ignored investing in people, and the human condition as measured by unemployment and poverty has worsened and as measured by other social indicators the progress has notably slackened. Most now agree that improving the human condition is a necessary condition for robust and sustainable economic growth and by this criterion the military government has not done well.

Suggested Citation

  • Shahrukh Rafi Khan, 2007. "Pakistan's Economy since 1999," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 8(2), pages 317-334, December.
    • Handle: RePEc:sae:soueco:v:8:y:2007:i:2:p:317-334
    DOI: 10.1177/139156140700800207
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    References listed on IDEAS

    as
    1. Shahrukh Rafi Khan, 1999. "Do World Bank and IMF Policies Work?," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37325-9, July.
    2. Perotti, Roberto, 1996. "Growth, Income Distribution, and Democracy: What the Data Say," Journal of Economic Growth, Springer, vol. 1(2), pages 149-187, June.
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    Keywords

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    JEL classification:

    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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