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Industrial Production and Investment in Pakistan

Author

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  • G. F. PAPANEK

    (Harvard University)

Abstract

Development in Pakistan so far has been largely sustained by a rapidly growing industrial sector. From 1953 to 1960, the index for manufacturing has grown more rapidly in Pakistan than in any other country for which United~ Nations statistics are published, except Japan. Admittedly, the reliabilitY of such comparisons is limited and the high rate of Pakistan's industrial growth is partly a function of the low initial level of industrial development-if you start at zero, any increase means an infinite rate. But the United-Nations index starts in the middle 1950's when Pakistan already had a respectable industrial sector and the statIstics are sufficiently reliable so one can say with some confidence that Pakistan had a rate of industrial growth matched by few countries in the recent past.

Suggested Citation

  • G. F. Papanek, 1964. "Industrial Production and Investment in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 4(3), pages 462-490.
    • Handle: RePEc:pid:journl:v:4:y:1964:i:3:p:462-490
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    Cited by:

    1. Ayesha Shoukat, 2020. "From Rags to Riches: Corporate Elite of Pakistan from 1947-1970," Asian Journal of Social Sciences and Management Studies, Asian Online Journal Publishing Group, vol. 7(1), pages 8-16.
    2. Khalil Hamdani, 2014. "Foreign Direct Investment and Technological Capabilities: The Relevance of the East Asian Experience for Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 19(Special E), pages 267-281, September.

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