Pakistan’s Quest for a New Growth Vent: Lessons from History

Ijaz Nabi ()
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Ijaz Nabi: Visiting Professor, Lahore University of Management Sciences and Country Director of the International Growth Centre, Pakistan.

Lahore Journal of Economics, 2012, vol. 17, issue Special Edition, 243-269

Abstract: This article argues that a new growth vent in Pakistan requires tapping into external lucrative markets in a manner that will create multiple entre-ports for growth. Such a growth vent will enable the country to achieve a sustained growth path that is not as susceptible to the political vicissitudes of one mega-growth node. This will be good for regional equity within the country and will also bring new energy to the Indus Basin market. Sustained welfare improvements in this type of regional hub can occur when it transitions from being a transportation hub for goods and energy into a manufacturing hub that creates high-productivity, high-wage jobs in multiple regional growth nodes.

Keywords: Regional hub; trade; GDP; Pakistan (search for similar items in EconPapers)
JEL-codes: F43 (search for similar items in EconPapers)
Date: 2012
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