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Awake the Sleeper Within: Releasing the Energy of Stifled Domestic Commerce

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  • Haque, Nadeem ul Haque

Abstract

Policy in Pakistan has been fairly path-dependant, placing a higher weight on export promotion and domestic industrialisation development than on domestic commerce. Yet domestic commerce is growing rapidly, and quite possibly is the largest sector in the economy. This paper argues that a more holistic policy, with no favourites, that allows for all sectors to grow leads to better long-term economic results. A vibrant domestic commerce sector is the core of the economy facilitating intermediation between supply and demand, entrepreneurial development, risk-taking, innovation, and competitive markets. Such an economy moves beyond commodity exports to brand name, process, and capital exports, all of which command a higher rate of return. Pakistan could therefore achieve a higher and a more sustainable growth rate by adopting a more balanced growth strategy.

Suggested Citation

  • Haque, Nadeem ul Haque, 2006. "Awake the Sleeper Within: Releasing the Energy of Stifled Domestic Commerce," MPRA Paper 2141, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:2141
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    References listed on IDEAS

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    1. Deepak Lal, 1993. "Poverty and Development," UCLA Economics Working Papers 707, UCLA Department of Economics.
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    Cited by:

    1. Haque, Nadeem & Ahmed, Vaqar & Shahid, Sana, 2011. "Reforms for competitive markets in Pakistan," MPRA Paper 33990, University Library of Munich, Germany.
    2. Irfan, Mohammad & Muhammad Yasin, Hafiz, 2009. "Socio-Economic Challenges Faced by Pakistan," MPRA Paper 40570, University Library of Munich, Germany.
    3. Nadeem Ul Haque, 2007. "Entrepreneurship in Pakistan," Microeconomics Working Papers 22190, East Asian Bureau of Economic Research.
    4. Nadeem Ul Haque, 2007. "Entrepreneurship in Pakistan," PIDE-Working Papers 2007:29, Pakistan Institute of Development Economics.

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    More about this item

    Keywords

    Commercial policy;

    JEL classification:

    • G0 - Financial Economics - - General

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