Saturday, 18 June 2016

Why Pakistan economy is not growing at potential

This episode is dedicated to the architects of Planning commission and the early growth model in Paksitan: Zahid Husain and Said Hasan

 We return to the subject of growth with Atif Mian, one of Paksitan's brightest economists. He now holds that Theodore Wells Professorship at Princeton.

Like we argued in our earlier episode (number 4) growth underlies everything and is an important subject that we must understand better. We will keep returning to this subject with Paksitan's key economists to share with you as many informed opinions as we can.

Today it is a pleasure to welcome one of Pakistan's brightest young economists Atif Mian who has achieved a chaired professorship in Princeton and written an excellent book entitled "House of Debt." Everyone must listen to Atif on this important subject. We certainly hope that even policymakers will listen and learn.

Questions addressed are:
How has Paksitan grown in comparison to its peers?
What has kept Pakistan back?
Is the policy of "hardware development" (aid backed megaprojects) going to deliver the required growth acceleration?
How important is the "software" (institutions, rights etc) of growth?

 We hope you will listen and discuss these issues and influence our policymakers with some new thinking from our best young minds