The Captivating Vision of the “New Growth Strategy”: The Missing Political Economy Perspective

S. Akbar Zaidi ()
Additional contact information
S. Akbar Zaidi: Visiting Professor, School of International Public Affairs, Columbia University.

Lahore Journal of Economics, 2012, vol. 17, issue Special Edition, 33-49

Abstract: One hears little about the Planning Commission’s Framework for Economic Growth launched a year ago. This is indicative of its inappropriateness and lack of consideration of Pakistan’s economy or its structures and political economy. The Framework avoids tackling the core issues of taxation, distribution, and equity. It privileges the market and free enterprise over the role of the state, and undermines and dismisses the significant role and contribution of the government and state in promoting growth, particularly at a time when market failure has made economists rethink the role of markets after 2008. By ignoring central issues related to politics and the articulation of power, and of issues that fall in the realm of political economy, the Planning Commission constructs a technicist script that has little value to the messy world of realpolitics.

Keywords: Growth; political economy; Planning Commission; Pakistan. (search for similar items in EconPapers)
JEL-codes: O1 O40 (search for similar items in EconPapers)
Date: 2012
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://121.52.153.179/JOURNAL/LJE_Vol_17-SE_PDF/02 ... 20ttc%2001102012.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lje:journl:v:17:y:2012:i:sp:p:33-49

Access Statistics for this article

More articles in Lahore Journal of Economics from Department of Economics, The Lahore School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Shahid Salahuddin ().