"This book provides a comprehensive reassessment of the development of the economy of Pakistan since independence to the present. It employs a rigorous statistical methodology, which has applicability to other developing economies, to define and measure episodes of growth and stagnation, and to...

"South Korea known as the hermit kingdom was wrenched from its isolation in the mid-seventies with the forced industialisation of its economy by Park Chung-hee during his dictatorial regime. This led South Korea to becoming the most rapidly industialised country in the world with world class...

1. Introduction -- 2. A methodological critique and framework -- 3. Episodes of growth and stagnation in Pakistan, 1951-2008 -- 4. Theoretical framework -- 5. An episode of growth, 1951/52-1958/59 -- 6. An episode of growth, 1960/61-1969/70 -- 7. An episode of stagnation, 1970/71-1991/92 -- 8....

1. Introduction : institutional settings of state power and the policy process -- 2. Patterns of economic growth : narratives and realities -- 3. Building the modern state and economy -- 4. Comparative policy dynamics of trade and investment promotion -- 5. Liberalization : divergent paths,...