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,…
Leadership and economics
Upon the conclusion of every single overseas visit I am filled with sadness and a deep sense of disillusionment. This is despite a divinely blessed deep reservoir of optimistic attitude…
Remittances: boon or bane for growth?–II
The Dutch Disease is characterized by a rapid increase in one sector at the cost of other sectors. Firstly, the income shock and subsequent spending increase can drive demand-pull inflation.…
Economics over politics
It is quite interesting to see how losses in the economy are playing havoc with gains in politics. World politics is passing through a different and difficult phase of bickering…
Demonetizing for growth
Currency in circulation makes up almost 20 per cent of Pakistan’s GDP, increasing from eight per cent, only about a decade back. Explosive growth of money supply has led to…
Calamities, debt crisis, growth: prospects — II
H istorical precedents show the many ways in which various sectors of the economy do this. As rising debt causes a widening gap between demand and supply, economic agents understand…
Political economics
The ongoing political protests and marches organized by opposition political parties and interest groups against the government have started a new wave of demonstrations and rallies, with the government public…
Calamities, debt crisis, growth: prospects – I
Natural disasters such as floods can have detrimental effects on growth as they depress both supply and demand, and require substantial resources to mitigate the negative consequences for economic activity.…
Charter of growth
Pakistan Institute of Development Economics (PIDE), an Islamabad-based university and policy institute, has recently published its Charter of Economy. This is in response to calls being made for the country’s…
The politics of economics!
Continuity in economic policies is considered critical in providing a sustained conducive environment for private sector activity — a continuity that is naturally disrupted with a change of government. Imran…
