The raison d' etre of this article is to focus attention on an awkward corner in the emerging growth pattern of GDP-the disproportionate growth and the weight of the service element, which has important implications for the character and structure of economic growth. The suggested alternative...

In mid-1960s, what have come to be known as Liberman's reform [7; 12] amongst the Western Sovietologists were introduced in the Soviet Union. In essence, the reform aimed at improving efficiency and productivity through a greater devolution of managerial control, more flexible planning process...

The opinion of development professionals at home and abroad has converged on the point that bad governance lies at the root of the loss of the momentum of economic growth, increasing poverty and failed investment in social sectors. Early concern of development economists with market failure...

A close reading of the speeches and statements of the founding father of Pakistan, Quaid-i-Azam Muhammad Ali Jinnah, brings forth a striking consistency of understanding and approach towards priorities that the nation must determine to move steadily on the road to progress and development. These...

Promotion of Intra-regional trade is the most important economic justification for regional economic blocs. This paper examines such prospects in the Economic Cooperation Organisation (ECO) region, a grouping of ex-RCD and Central Asian States. It is shown that the progress is extremely slow and...

After half a century of development experience, one-third of the population of Pakistan today is condemned to struggle below the poverty line, howsoever defined. In absolute terms, this size of the population of the poor is larger than the total population of [West] Pakistan at the time of...

The debt of the nation comprises two parts, the external debt and the internal debt. After rapidly accumulating arrears of external debt in the post-sanctions period, Pakistan has had to seek re-scheduling of her external debt as part of a financing and reform package negotiated with the IMF....

This paper discusses existing scenario of informal sector employment and socio-economic challenges faced by informal worker in search of “decent work.” We supplement the Labour Force Surveys (LFS) with a socioeconomic survey in five towns of Lahore to profile home-based workers, street...