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Short Term versus Long Term Economic Planning in Pakistan: The Dilemma

Dawood Mamoon and Muhammad Rabbi Ahsan ()
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Muhammad Rabbi Ahsan: University of Management and Technology (UMT), School of Business & Economics, Lahore, Pakistan.

Journal of Economics Library, 2017, vol. 4, issue 1, 30-40

Abstract: For long term and sustainable economic development, countries have to start from somewhere. Thus there is a distinction between short term planning and long term gaols setting. However countries like Pakistan have mostly fell into the trap of economic plans that focus on year to year goals setting or in other words macroeconomic stabilisation and usually fail to link policies with long term plans. The paper presents data that supports the hypothesis that it is the initiative of governments and not the donors to link long term economic progress with short term policies. China is a good example in this regards.

Keywords: Economic Planning; Dilemma. (search for similar items in EconPapers)
JEL-codes: O20 O21 O24 (search for similar items in EconPapers)
Date: 2017
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