Evolving Patterns of Pakistan’s Import Demand

Usman Qadir
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Usman Qadir: Pakistan Institute of Development Economics Islamabad

PIDE Monograph Series from Pakistan Institute of Development Economics

Abstract: The notion that positive trade gaps, or trade surpluses (with exports exceeding imports) are good for the domestic economy is a concept that has its roots in mercantilist thinking[1] of 16th century Europe. Global trading patterns have undergone a shift since then, MNCs and global production networks have come to the fore, and services now accounting for majority of developed country exports, and mercantilist view are no longer in vogue. Despite this trend, negative trade gaps, or trade deficits remain a matter of concern for developing countries such as Pakistan. However, the reasoning behind this view is related to the strain placed on the current account of the domestic economy.

Keywords: Pakistan's; Import (search for similar items in EconPapers)
Pages: 18 pages
Date: 2022
New Economics Papers: this item is included in nep-int and nep-mfd
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