Globalization: The Challenge for Pakistan

Khalil Hamdani ()
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Khalil Hamdani: Visiting professor, Graduate Institute of Development Studies, Lahore School of Economics; former director, Investment Division, United Nations.

Lahore Journal of Economics, 2015, vol. 20, issue Special Edition, 225-240

Abstract: This paper makes the case for Pakistan to engage actively in globalization. At present, the country is more a recipient of globalization than a participant. There is a need to shift the terms of engagement from passive to active involvement. Particular effort is needed to encourage foreign companies already present in Pakistan to integrate activities with their global operations. Export-oriented investment requires a more favorable trade regime. Above all, global engagement will require Pakistan to build up its technological capabilities substantially, both at the enterprise level and economy-wide. These shifts imply a revitalized industrial policy endorsed by industry and a vigorous policy thrust aimed at investment-led growth.

Keywords: Globalization; investment; trade; technology; industry; Pakistan (search for similar items in EconPapers)
JEL-codes: F21 F63 O38 O53 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:lje:journl:v:20:y:2015:i:sp:p:225-240

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