Economics and Governance (The Presidential Address)

NadeemUl Haque


Ladies and Gentlemen, in the 60 years of postcolonial
development, Pakistan and many other poor countries have followed many
prescriptions that promised development. These countries went through
phases of planning and controls, nationalisations and socialism,
industrialisation strategies based on licenses and protection, the
Washington consensus and many other prescriptions. Billions of dollars
in loans and aid have been consumed. Yet poverty has not been eliminated
and any low income countries remain in that category.

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