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Development Strategy for Pakistan

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  • JOHN H. POWER

    (Williams College, Williamstown, Massachusetts, U.S.A.)

Abstract

Economic planning is of such recent origin in Pakistan that. up to now. it has necessarily been ad hoc in character. The problems pf the present and immediate future have always appeared so pressing to the planners that. aside from hopeful compound-interest projections to the next generation and occasional evasive reference to the advantages of a "mixed" economy, there has been little in the way of a philosophy or long-run strategy of economic development that one could attribute to the planning authorities. This is not at all surprising when one recalls that the First Five Year Plan was not officially approved until more than one-third of the plan period had passed. The final version had to be in part a rationalization of what had already occurred. Even the Second Plan was ready only on the eve of the beginning of the plan period and the final revised version did not appear until 15 months later.

Suggested Citation

  • John H. Power, 1963. "Development Strategy for Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 3(3), pages 414-423.
    • Handle: RePEc:pid:journl:v:3:y:1963:i:3:p:414-423
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    File URL: http://www.pide.org.pk/pdf/PDR/1963/Volume3/414-423.pdf
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    Cited by:

    1. Pervez Tahir, 1998. "The Debt of the Nation," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 37(4), pages 331-353.

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