Economic stability, sound macroeconomic policies, and appropriate microeconomic incentives hold down a country's external debt burden. Most of the Asian countries pursued prudent macroeconomic policies, paid attention to price stability, and minimized price distortions. These countries avoided...

This article describes the local government system established in the 2001 Devolution Plan and its evolution over the period 2002-07, with a focus on two essential public services, education and health. We believe that the devolution of service delivery functions, delegation of financial powers,...

Though government reforms are viewed as important for most developing countries, the rationale forthese reforms must be clearly understood if they are to be correctly designed and implemented. From an international perspective, government reforms in Pakistan must be developed to integrate...

A case-study of Pakistan's economic development during the past fifty years, which demonstrates that the benefit of this development has predominantly affected a small class of the elite, while the majority of the population remains illiterate, poor, and backward.

Governance and Institutions are not ends in themselves but it is well known by now that good governance and effectively functioning institutions are required, along with sensible policies and well designed public investment, to improve resource allocation and comparative advantage, enhance...

The authors compare the experiences of selected Asian countries in attracting different forms of external financing and examine how that financing has contributed to growth. They carry out the analysis for two subgroups - South Asian and ASEAN countries - with distinctly different dominant forms...