Awake the Sleeper Within: Releasing the Energy of Stifled

PIDE Working Paper No. 2006:11

21 Pages Posted: 16 May 2007  

Nadeem Ul Haque

Quaid-i-Azam University - Pakistan Institute of Development Economics (PIDE)

Date Written: 2006

Abstract

Policy in Pakistan has been fairly path-dependant, placing a higher weight on export promotion and domestic industrialisation development than on domestic commerce. Yet domestic commerce is growing rapidly, and quite possibly is the largest sector in the economy. This paper argues that a more holistic policy, with no favourites, that allows for all sectors to grow leads to better long-term economic results. A vibrant domestic commerce sector is the core of the economy facilitating intermediation between supply and demand, entrepreneurial development, risk-taking, innovation, and competitive markets. Such an economy moves beyond commodity exports to brand name, process, and capital exports, all of which command a higher rate of return. Pakistan could therefore achieve a higher and a more sustainable growth rate by adopting a more balanced growth strategy.

Keywords: Export promotion,Trade policy

JEL Classification: F13

Suggested Citation

Ul Haque, Nadeem, Awake the Sleeper Within: Releasing the Energy of Stifled (2006). PIDE Working Paper No. 2006:11. Available at SSRN: https://ssrn.com/abstract=986881 or http://dx.doi.org/10.2139/ssrn.986881

Nadeem Ul Haque (Contact Author)

Quaid-i-Azam University - Pakistan Institute of Development Economics (PIDE) ( email )

Quaid-i-Azam University Campus
P.O.Box 1091
Islamabad, Federal Capital 44000
Pakistan

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