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Why Pakistan must break-into the knowledge economy

Author

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  • Amjad, Rashid

Abstract

The author emphasizes in this paper that this was the moment in Pakistan’s economic trajectory for it to learn to leap frog technologically from a labor intensive economy, by passing the intermediate stages of resource based and scale based activities, to a knowledge based economy. A knowledge based economy is one that bases its growth not on increasing capital or land or labor inputs, but on knowledge. The transition required is considerable, the author points out.

Suggested Citation

  • Amjad, Rashid, 2006. "Why Pakistan must break-into the knowledge economy," MPRA Paper 34448, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:34448
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    References listed on IDEAS

    as
    1. Rashid Amjad, 2005. "Skills and Competitiveness: Can Pakistan Break Out of the Low-Level Skills Trap?," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(4), pages 387-409.
    2. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Muhammad Abdul Majid Makki & Suleman Aziz Lodhi, 2008. "Impact of Intellectual Capital Efficiency on Profitability (A Case Study of LSE25 Companies)," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 13(2), pages 81-98, Jul-Dec.
    2. Asghar Ali & Iqbal Ahmad & M. Anees-ul-Husnain Shah, 2017. "Exploring Factors Influencing Employability ofVocational Training Graduates in Pakistan:A Factor Analysis," Global Regional Review, Humanity Only, vol. 2(1), pages 389-404, June.
    3. Awan, Abdul Ghafoor & Yaqoob, Robina, 2023. "Economic value of introducing technology to improve productivity: An ARDL approach," Innovation and Green Development, Elsevier, vol. 2(3).
    4. Aristovnik, Aleksander, 2012. "The impact of ICT on educational performance and its efficiency in selected EU and OECD countries: a non-parametric analysis," MPRA Paper 39805, University Library of Munich, Germany.
    5. Aristovnik, Aleksander, 2014. "Development of the information society and its impact on the education sector in the EU: Efficiency at the regional (NUTS 2) level," MPRA Paper 56455, University Library of Munich, Germany.
    6. Akbar Noman, 2015. "The Return of Industrial Policy and Revival of Pakistan’s Economy: Possibilities of Learning, Industrial and Technology Policies," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 20(Special E), pages 31-58, September.

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    More about this item

    Keywords

    Knowledge Economy; Economics of Education; Technical Efficiency; Pakistan;
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

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