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Issues in Pakistan's Economy,0195790529,9780195790528

Issues in Pakistan's Economy

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Publisher:Oxford University Press
Published In:1999
ISBN-10:0195790529
ISBN-13:9780195790528
Binding Type:Paperback
Weight:2.19 lbs
Pages:pp. xvii + 462, 38 Figures, 195 Tables, Graphs, Index, Appendices, Notes, Biblio.

The Title "Issues in Pakistan's Economy " is written by S. Akbar Zaidi. This book was published in the year 1999. The ISBN number 0195790529|9780195790528 is assigned to the Paperback version of this title. The publisher of this title is Oxford University Press. Issues in Pakistan's Economy is currently Not Available with us.You can enquire about this book and we will let you know the availability.

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About the Book

This challenging new account of Pakistan's economic development sets itself two goals: to re-examine conventional WISDOM about developments in Pakistan's society and economy; and to provide facts, information and data that are not easily available, about its economy and some particular sectors. The Book explodes the myth about the Pakistan economy: that it remains essentially feudal and agricultural; that liberalization and the free market are prerequisites for high rates of growth; and that government expenditure is always wasteful and inefficient.

The book is not only comprehensive in its citation of available facts and figures on aspects of economic performance, but also examines the wide literature on Pakistan, relying on extensive quotation from numerous published articles And Books to make sense of inadequate public data.

A key strength of the book is its linkage of key aspects of economic affairs to politics and the wider society. It maintains that, while the Pakistan economy has had enviable rates of growth for many of the last fifty years, the state and public sector have failed to provide adequate services to the people of Pakistan. An important contribution of this book is to highlight and address institutional issues in the delivery of social services in Pakistan, helping to explain why high rates of economic growth have not been translated into impressive social sector outcomes

By questioning many of the assumptions commonly made about, Pakistan, this book fulfils its aim of providing a new and fresh perspective on Pakistan's economy and society.

About the Author

S. Akbar Zaidi was formerly Associate Professor at the Applied Research Centre, University of Karachi, Pakistan, where he taught and undertook research for nearly 15 years. He has had two other books published, The Political Economy of Health Care in Pakistan and Regional Inequalities and the National Question in Pakistan. Another book, The New Development Paradigm: Papers on Institutions, NGOs, Gender and Local Government, is shortly to be published by Oxford University Press.

Contents

List of Figures
List of Tables
Preface
Introduction

Chap. I : FIFTY YEARS OF DEVELOPMENT :
1. Structural Change
2. Five Decades and Five Epochs :
i. Laying the Foundations : 1947-1958
ii. The Decade of Development : 1958-1968
iii. The Bad Luck Years : 1971-1977
iv. The Second Military Government : 1977-1988
v. The Era of Structural Adjustment: 1988 Onwards

3. The Balance Sheet
4. Conclusions

Part A : Agriculture :
Chap. II : IS PAKISTAN FEUDAL? A HISTORICAL ACCOUNT OF THE DEVELOPMENT OF AGRICULTURE IN PAKISTAN :
1. The Development of Agriculture Before the Consolidation of British Rule
2. The Impact of British Colonialism
3. Feudal or Capitalist?

4. Summary and Further Reading :
i. Summary
ii. Further Reading

Chap. III : THE GREEN REVOLUTION AND LAND REFORMS :
1. The Green Revolution :
i. The Issue of the Tubewells
ii. Tractorization
iii. Regional and Income Disparities
iv. Elite Farmer Strategy and Capitalist Development
v. Social and Political Effects

2. Land Reforms :
i. The 1959 Land Reforms
ii. The Bhutto Reforms of 1972

3. Summary and Further Reading :
i. Summary
ii. Further Reading

Chap. IV : THE NATURE AND DIRECTION OF AGRARIAN CHANGE :
1. Explaining the Numbers :
i. Data from the Censuses
ii. Changes Over Time

2. What Do the Numbers Mean?

3. Summary and Further Reading :
i. Summary
ii. Further Reading

Chap. V : AGRICULTURE: CRITICAL ISSUES :
1. An Overview and Major Trends
2. Agricultural Pricing Policy
3. Rural Financial Markets and Agricultural Credit :
i. Informal Sources of Credit
ii. Formal Sources of Credit

4. Mechanization
5. Agricultural Income Tax
6. Summary and Further Reading
i. Summary
ii. Further Reading

Part B : INDUSTRY AND TRADE :
Chap. VI : The Process of Industrialization in Pakistan I : 1947-1977
1. 1947-1958 : Exchange Rates, Trade Policies, and Import Substituting Industrialization :
i. The Impact of the Exchange Rate
ii. The Trade Policy Regime
iii. The Consequences of Exchange Rate and Trade Policy for Industrialization :
vi. The End Result

2. 1958-1968: The Decade of Development :
i. Trade Policy Directing Industrialization
ii. Foreign Aid, the Private Sector, and Inequalities

3. 1972-1977 : The Bhutto Years - Bad Luck or Bad Management? :
i. Economic Policies and Performance
ii. The Bad Luck Factor

4. Summary and Further Reading :
i. Summary
ii. Further Reading

Chap. VII : THE PROCESS OF INDUSTRIALIZATION IN PAKISTAN II : 1977-1997 :
1. The Zia Years: 1977-1988 :
i. The Nature and Extent of Growth
ii. Industrial Policy
iii. The Public/Private Sector Divide
iv. Deregulation and Liberalization
v. Causes of High Growth and the Success of the Zia Regime

2. The Age of Structural Adjustment : 1988 Onwards

3. Summary and Further Reading :
i. Summary
ii. Further Reading

Chap. VIII : KEY ISSUES IN INDUSTRY IN PAKISTAN :
1. Numbers and Trends in Industry
2. The Small-Scale Manufacturing Sector :
i. Numbers and Characteristics
ii. Emergence and Growth
iii. Issues Affecting the Small-Scale Sector

3. The Textile Industry and its Crisis
4. Has Public Sector Industry Been a Failure?
5. The Privatization Process
6. The Debate Over Efficiency in the Industrial Structure

7. Summary and Further Reading :
i. Summary
ii. Further Reading

Chap. IX : BALANCE OF PAYMENTS AND TRADE REGIMES :
1. Pakistan's Foreign Trade : Basic Facts
2. Trade Policy and Trade Regimes : 1947-1997 :
i. The Early Years : 1947-1958
ii. Trade Policy and the Decade of Development
iii. A New Country : 1972-1977
iv. The Beginning of a Liberal Trade Regime: 1977-1988
v. Trade Liberalization Under Structural Adjustment: 1988 Onwards

3. The Debate Over Efficiency and the Trade Regime
4. The Exchange Rate
5. Summary and Further Reading :
i. Summary
ii. Further Reading

Part C : FISCAL AND MONETARY POLICY :
Chap. X : PUBLIC Finance I : RESOURCE MOBILIZATION AND THE STRUCTURE OF Taxation :
1. The Structure of Government and Taxation :
i. Legislative Functions
ii. The Structure of Taxation
iii. Inter-Governmental Fiscal Relations

2. Public Finance: The Basic Facts
3. Important Issues in Public Finance and Revenue Mobilization :
i. Federal Taxes
ii. Resource Mobilization at the Provincial Level
iii. Local Government Revenues

4. Is Local Government the Answer? :
i. The Contribution of Municipal Government in Development
ii. Potential for Development by Local Governments
iii. Is Local Government the Answer?

5. The Nature of Public Debt and the Fiscal Deficit : A Preliminary Introduction :

6. Summary and Further Reading :
i. Summary
ii. Further Reading

Chap. XI : PUBLIC FINANCE II: PAKISTAN'S FISCAL DEFICIT - The Mother OF ALL EVILS? :
1. Does the Fiscal Deficit Matter? :
i. Should Budgets Always be Balanced?
ii. The Problem of Measuring the Deficit
iii. Fiscal Deficits, Intertemporal Equity, and Distribution
iv. Macroeconomic Implications

2. Critical Concerns Regarding Pakistan's Fiscal Deficit :
i. The IMF/World Bank View of Pakistan's Fiscal Deficit
ii. Re-examining Critical Concerns

4. Summary and Further Reading
i. Summary
ii. Further Reading

Chap. XII : FINANCIAL AND CAPITAL MARKETS :
1. The Development of the Banking Sector
i. The First Phase : 1947-1974
ii. The Relationship Between Economic
Growth and the Development of Banking
iii. Nationalization in the 1970s
iv. Islamic Banking
v. Developments since 1988
vi. Banking Trends : 1964-1991
vii. Development Finance Institutions (DFIs) and Non-Bank Financial Institutions (NBFIs)
viii. Some Salient Issues in the Banking Sector

2. The Equities Market
3. Summary and Further Reading
i. Summary
ii. Further Reading

Chap. XIII : MONETARY POLICY, SAVINGS, AND INFLATION :
1. Monetary Policy and Monetary Management in Pakistan
2. Money Supply and Monetary Expansion
3. Inflation and its Causes
4. The Low Savings Rate
5. Summary and Further Reading
i. Summary
ii. Further Reading

Part D : THE ERA OF STRUCTURAL ADJUSTMENT PROGRAMMES : 1988 TO THE PRESENT
Chap. XIV : STRUCTURAL ADJUSTMENT PROGRAMMES: COMPOSITION AND EFFECTS :
1. The Development and Export of Development Thinking
2. From Structural Adjustment Loans to Structural Adjustment Programmes
3. Structural Adjustment Programmes: Composition
4. Structural Adjustment Programmes: Implementation and Effects

5. Economic Liberalization and Openness: Some Questionable Assertions :
i. The Contextuality of Policy
ii. International Capital and the Loss of National Autonomy

6. Summary and Further Reading
i. Summary
ii. Further Reading

Chap. XV : STRUCTURAL ADJUSTMENT PROGRAMMES IN PAKISTAN: History AND IMPLEMENTATION :
1. History
2. Implementation of the Structural Adjustment Programmes in Pakistan :
i. Fiscal Policy
ii. Trade
iii. Financial Sector

3. Was the 1988 Structural Adjustment Programme a Success? Achievements and Failures :
i. Fiscal Policy
ii. Trade and Balance of Payments
iii. Financial Sector
iv. Liberalization and Privatization
v. Other Areas

4. The World Bank/IMF's Overall Evaluation of the 1988 Structural Adjustment Programme :

5. The Political economy of Structural Adjustment Programmes in Pakistan :
i. Pakistan's Dependence on Washington, or Are Governments Autonomous?
ii. Did Pakistan Need to Go to the IMF?
iii. Why Does Pakistan Accept the Structural Adjustment Programme?

6. Summary and Further Reading :
i. Summary
ii. Further Reading

Part E : THE SOCIAL SECTOR, INSTITUTIONS, AND GOVERNANCE :
Chap. XVI : THE SOCIAL SECTOR I
1. Some International Comparisons
2. Planning for the Social Sectors
3. The Health Sector :
i. Statistics
ii. The Issues

4. Education
i. Statistics
ii. The Issues
iii. Summarizing the Issues in Education

5. Population Welfare and Family Planning
i. The Evolution of the Population Welfare Programme
ii. Knowledge and Usage
iii. Some Issues

6. Urbanization and Housing :
i. The Extent of Urbanization
ii. Housing in Cities

7. Summary and Further Reading :
i. Summary
ii. Further Reading

Chap. XVII : The Social Sector II :
1. Gender Inequality and Women :
i. Statistics
ii. Some Issues
iii. Finding Some Options

2. Infrastructure
i. The Power Sector

3. The Environment

4. Regional Inequalities :
i. Methodology and Results
ii. The Issues

5. Poverty :
i. Who Are the Poor and Where Do They Live?

6. Summary and Further Reading
i. Summary
ii. Further Reading

Chap. XVIII : Institutional Issues in the Social Sector
1. The Social Action Programme (SAP)
2. Governance, Decentralization, and Local-Level Delivery :
i. Government and Development in Pakistan

3. NGOs and Community Participation
4. Issues of Interpretation and Implementation in the Social Sector

5. Summary and Further Reading
i. Summary
ii. Further Reading

Part F : POLITICAL Economics :
Chap. XIX : POLITICAL ECONOMICS: CLASS, STATE, POWER, AND TRANSITION :
1. Civilian Bureaucracy and Industrialization: 1947-1958
2. Civil and Military Bureaucratic Capitalism: 1958-1971
3. A Shift in Emphasis: 1971-1977
4. A Military State and the Middle Classes: 1977-1988
5. The Rise and Rise of the Middle Classes: 1988 Onwards
6. Concretizing the Thesis: The 1997 Elections and Reform of the Economy
7. The Collapse of the State

8. Summary and Further Reading :
i. Summary
ii. Further Reading

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