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Case

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ADJUSTMENT FINANCIAL & SUSTAINABLE GROWTH : THE CASE OF PAKISTAN

KIRMANI N


INDUSTRY : -

AREA : Business Government/International Economy

ORGANIZATION : -

LENGTH : 7

LUMS No : 16-290-88-1

PUBLICATION YEAR : 1988

DESCRIPTION

KEYWORDS:

Exports, tariffs, fiscal policy


DESCRIPTION:

Six important people looked at the basic indices of Pakistan's economy and offered their suggestions. Pakistan's narrow export base, large deficit and debt obligations made for unsustainable growth. One person proposed rapid liberalization, which was opposed by another, who feared steep drop in revenue, given the fact that external markets applied non-tariff barriers to Pakistan¿s exports. The discussion brought together all the arguments normally given by economic experts: exports still lacked incentives, tariff regime discouraged competitive manufacture, the floating exchange rate caused uncertainty and risk, a fixed exchange rate would require more fiscal discipline, etc. Their discussion offers six perspectives, all of them relevant to a study of Pakistan's economy at the current juncture. 


LEARNING OBJECTIVES:

N/A


SUBJECTS COVERED:

BUSINESS GOVT/INTERNATIONAL ECONOMY