Economic Policy and Industrial Growth in Pakistan

Economic Policy and Industrial Growth in Pakistan (1969 ) is a both quantitative and analytical survey on the economic development of Pakistan. The basis of the analysis is a simple empirically verifiable model of the growth of an ‘infant industry’, since all of Pakistan’s industries were young when the country itself was formed. The author carefully explores the intentions of government policy makers, as revealed both in their statements of policy and in their actions in setting tariffs and regulating imports. He shows how the tariff structure had little or no effect on the price structure of the country and on the pattern of industrial growth. The system of import controls is here treated to a quantitative analysis, and is related in detailed ways to the price structure and to the composition and timing of domestic output growth.