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Development Economics

Development economics

There has been a remarkable transformation in development economies during the past five decades. The accent has shifted from accelerated growth in output and consequent increase in Gross National Product…

The flawed economics of the IGCEP

One of the ten commandments for electricity planning is ‘Thou Shalt Not Expand Electricity Supply Without Industrial Demand’. New power plants become stranded, costly monuments to poor planning without industrial…

Development gap of Balochistan

The province of Balochistan is the largest province of Pakistan in terms of area. It has an area of 347,190 sq.kms, equivalent to 43.6% of the total geographical area of…

Geo-economics over geo-politics

The strategic shift from geo-politics to geo-economics is a welcome initiative. In a world where the relative importance of a nation is determined primarily by its economic strength, the focus…

Defining geo-economics

GEO-ECONOMICS is the buzzword these days among our ruling elite. It is recommended as the panacea for Pakistan’s economic ills and a sure path to prosperity. However, there is little…

China’s development, dividends for Pakistan

As both China and Pakistan are celebrating their 73rd Anniversary of the establishment of diplomatic relations, and keeping in view Prime Minister Shehbaz Sharif’s successful visit to China in early…

Ethnic cohesion and development

Ethnic fragmentation is defined as the probability that two randomly selected people in a country will belong to two different ethnic groups (such as Baloch or Pashtun). Sovereign nation states…

A call for change and development

Reform, not begging, is the answer to all our economic and political problems. The question though is: which reform? The answers to this were discussed at a recent conference held…

Beyond macroeconomics

The International Monetary Fund (IMF) epitomizes a global economic paradigm rooted in inequality with little emphasis on inclusiveness. Advocates of this model argue that some degree of inequality is essential,…