Historical Account of Nations’ Growth Performance: A Case of Pakistan

Danish Ahmed Siddiqui, A. R. Zaki (2013). "Historical Account of Nations' Growth Performance: A Case of Pakistan." International Journal of Economics, Commerce and Research." Volume 3(2) Pages 57-62

6 Pages Posted: 30 Oct 2018 Last revised: 20 May 2022

See all articles by Danish Ahmed Siddiqui

Danish Ahmed Siddiqui

University of Karachi - Karachi University Business School

Dr. Abdur Rehman Zaki

Independent

Date Written: March 23, 2013

Abstract

Developed countries pursue different policies for their growth trajectory. For some, there was no government intervention, and purely financed by private enterprise. For others it involve active government planning and investment. Developing countries had ‘advantage’ of backwardness. They were not involved in cumbersome process of inventions and rather borrow policies and technologies from developed world. Hence, they follow similar strategies as followed by developed world however it was revealed that there were no signs of convergence. Furthermore, the policies pursued for convergence actually result in divergence. As in case of Pakistan, policies from openness to strict government intervention was followed, but they all failed to put the economy on a sustainable growth path. Hence, the key to economic success lies in factors other than economic policies. It requires a deeper understanding of the inherent structure of the economy. Some of the factors highlighted include Institutions, Financial development, Infrastructure, and Human and social capital

Keywords: Economic history, Growth, Pakistan, Convergence

Suggested Citation

Siddiqui, Danish Ahmed and Zaki, Dr. Abdur Rehman, Historical Account of Nations’ Growth Performance: A Case of Pakistan (March 23, 2013). Danish Ahmed Siddiqui, A. R. Zaki (2013). "Historical Account of Nations' Growth Performance: A Case of Pakistan." International Journal of Economics, Commerce and Research." Volume 3(2) Pages 57-62, Available at SSRN: https://ssrn.com/abstract=3271756

Danish Ahmed Siddiqui (Contact Author)

University of Karachi - Karachi University Business School ( email )

University Road
Karachi, Sindh 75270
Pakistan
3333485884 (Phone)

Dr. Abdur Rehman Zaki

Independent

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