This paper provides an overview of the profound and rapid changes brought about by technology and deregulation, and discusses the hurdles that will have to be negotiated for putting in place a suitable regulatory framework. On the one hand, inadequate resolution of these challenges will create...

Pakistan's economy has grown faster on average than many other low- and middle-income countries over the past two decades. But several countries in Southeast Asia have fared even better. This paper focuses on factors that explain Pakistan's relative growth performance. In addition to more...