Industrial Production and Investment in Pakistan

G. F. Papanek
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G. F. Papanek: Harvard University

The Pakistan Development Review, 1964, vol. 4, issue 3, 462-490

Abstract: Development in Pakistan so far has been largely sustained by a rapidly growing industrial sector. From 1953 to 1960, the index for manufacturing has grown more rapidly in Pakistan than in any other country for which United~ Nations statistics are published, except Japan. Admittedly, the reliabilitY of such comparisons is limited and the high rate of Pakistan's industrial growth is partly a function of the low initial level of industrial development-if you start at zero, any increase means an infinite rate. But the United-Nations index starts in the middle 1950's when Pakistan already had a respectable industrial sector and the statIstics are sufficiently reliable so one can say with some confidence that Pakistan had a rate of industrial growth matched by few countries in the recent past.

Date: 1964
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