This book seeks to discover economic indicators of growth and relate them to socio-political developments in Pakistan from 1947 to 1971. A second volume will cover the period 1971-1982.
This is a deiligent, scholarly and sober book which is not inhibit-ed by radical rhetoric or purple passages. It will act as a useful methodological and theoretical corrective to the economic view of Pakistan usually derived from Western — or Western trained economists.
This book is the first major attempt to analyze Pakistan’s experience in economic and social development from the historical perspective. The book looks at the longer term trends in Pakistan’s economy and examines their implications tot social and political changes.
The book focuses on the fundamental issues of Pakistan’s development experience and puts impressive growth record against the failures of economic policies to remove poverty, re-duce inequality, provide greater employment and effect institutional changes in its agrarian structure. The book clearly recognises the limitations on the possibilities of equitable development imposed not only by the inavailability of resources but also by the historical imperatives of underdevelopment. It nevertheless emphasises the considerable room for manoeuvre that exists for achieving growth without sacrificing the objectives of equity. The book concentrates on issues of economic policy which have so far received scant attention from the policy-makers and planners in Pakistan and points out why this lack of attention has largely negated the achievements in the field of economic growth.
The book is based on the author’s original research in many of these areas, supplemented by other empirical work available on the subject. The book, without claiming to be comprehensive. provides an overview of the developments Pakistani economy. Apart from analysing issues of macroeconomic and sectoral growth, the book provides original insights into the agrarian structure, regional growth and migration in the context of Pakistan’s economy.