Lahore School of Economics Center for Research in Economics and Business held a seminar by Dr. Mathew McCartney on Monday April 5, 2010 at Mahmood Chaudhry Library.The topic of the seminar was: Pakistan 1951-2001: The Forgotten Asian Economic Success. There is an almost uniformly negative perception of Pakistan’s economy in current media and academia, this view is sharpened by the very positive reporting of India – the new Asian Giant/ Miracle. It is firstly interesting to remember how such images have changed dramatically over time. In the 1960s for example Pakistan was widely seen as a ‘miracle’ economy with a modernizing and pro-western leader and India as a country becoming increasingly impossible to govern and facing a future of likely mass famine.
Here are some reference that can answer questions about a uniformly negative view of Pakistan today, views changing over time, making a judgment about economic success and ways of judging.
Long Run Growth: Theory
Acemoglu, D (2003), ‘Root Causes: A Historical Approach to Assessing the Role of Institutions in Economic Development’, Finance and Development, June, p27-30.
Acemoglu, D S.Johnson and J.A.Robinson, (2001), ‘The Colonial Origins of Comparative Development: An Empirical Investigation’, American Economic Review, 91, p1369-1401.
Bardhan, P (1993), ‘Symposium on Democracy and Development’, Journal of Economic Perspectives, 7:3, Summer, p45-49.
Easterly, W and R.Levine (1997), ‘Africa’s Growth Tragedy: Policies and Ethnic Divisions’, Quarterly Journal of Economics, 112, p1203-1250.
Easterly, W and R.Levine (2003), ‘Tropics, Germs and Crops: How Endowments Influence Economic Development’, Journal of Monetary Economics, 50:1, January.
Gallup, J.L and J.D.Sachs (1999), ‘Geography and Economic Development’, Centre for International Development, Harvard University, Working Paper No 1, March….available on the web.
Sachs, J.D (2003), ‘Institutions Matter, but not for Everything: The Role of Geography and Resource Endowments in Development Shouldn’t be Underestimated’, Finance and Development, June, p38-41.
Sokoloff, K.L and S.L.Engerman (2000), ‘History Lessons: Institutions, Factor Endowments, and Paths of Development in the New World’, Journal of Economic Perspectives, 14:3, p217-232, Summer.
Woods, D (2004), ‘Latitude or Rectitude: Geographical or Institutional Determinants of Development’, Third World Quarterly, 25:8, p1401-1414.
Long Run Growth: Pakistan
Ahmed, V and R.Amjad (1984), ‘The Management of Pakistan’s Economy, 1947-82’, Oxford University Press, Chapter 1.
Burki, S.J (1999), ‘Pakistan: Fifty Years of Nationhood’, Third Edition, Westview Press, Chapters 1, 2, 3, 4.
Easterly, W (2004), ‘The Political Economy of Growth Without Development: A Case Study of Pakistan’, http://ksghome.harvard.edu/~drodrik/Growth%20volume/Easterly-Pakistan.pdf
Hasen, P (1998), ‘Pakistan’s Economy at the Crossroads: Past Policies and Present Imperatives’, Oxford University Press Chapter 1.
Jaffrelot, C (Eds), ‘A History of Pakistan And its Origins’, Anthem Press, Chapter 8.
Jalal, A (1990), ‘The State of Martial Rule: The Origins of Pakistan’s Political Economy of Defence’, Cambridge University Press, Chapter 2 and 3.
Jalal, A (1995), ‘Democracy and Authoritarianism in South Asia: A Comparative and Historical Perspective’ Cambridge University Press, Chapters 1, 2.
Kemal, A.R M Ud Din and U.Qadir (2006), ‘Economic Growth in Pakistan’, in K.S.Parikh (2006), ‘Explaining Growth in South Asia’, New Delhi, Oxford University Press.
Kurosaki, T (1999), ‘Agriculture in India and Pakistan, 1900-95: Productivity and Crop Mix’, Economic and Political Weekly, pA160-168.
Talbot, I (1998), ‘Pakistan: A Modern History’, C.Hurst and Co, Introduction.
Zaidi, S.A (2005), ‘Issues in Pakistan’s Economy’, Oxford University Press, 2nd Edition, Chapter 1.
Long Run Growth: India
Acharya, S et al (2006), ‘Economic Growth in India, 1950-2000’, in K.S.Parikh (2006), ‘Explaining Growth in South Asia’, New Delhi, Oxford University Press.
Bagchi, A.K (1976), ‘De-Industrialisation in India in the Nineteenth Century: Some Theoretical Implications’, Journal of Development Studies
Bagchi, A.K (1982), ‘The Political Economy of Underdevelopment’, Cambridge University Press, Relevant parts of Chapter 4.
Banerjee, A and L.Iyer (2005), ‘History, Institutions, and Economic Performance: The Legacy of Colonial Land Tenure Systems in India’, American Economic Review, 95:4, p1190-1213.
Brass, P.R (1996), ‘The Politics of India Since Independence’, 2nd Edition, Cambridge University Press, Chapter 1.
Chandra, N.K (1982), ‘Long-Term Stagnation in the Indian Economy, 1900-75’, EPW, Annual Number, April.
Corbridge, S and J.Harriss (2000), ‘Reinventing India: Liberalisation, Hindu Nationalism and Popular Democracy’, Polity Press, Chapters 1 and 2.
De-Long, B (2004), ‘India Since Independence: An Analytic Growth Narrative’…http://ksghome.harvard.edu/~drodrik/Growth%20volume/DeLong-India.pdf
Dreze, J and A.Sen (1995), ‘India: Economic Development and Social Opportunity’, Oxford University Press, Chapters 1, 2 and 3.
Joshi, V and I.M.D.Little (1994), ‘India: Macroeconomics and Political Economy, 1964 – 1991’, Oxford University Press, Chapter 3.
Kurosaki, T (1999), ‘Agriculture in India and Pakistan, 1900-95: Productivity and Crop Mix’, Economic and Political Weekly, pA160-168.
Lucas, R.E.B and G.F.Papanek (Eds) (1988), ‘The Indian Economy: Recent Developments and Future Prospects’, Oxford University Press, Chapter by Ahluwalia.
Srinivasan, T.N (1998), ‘India’s Export Performance: A Comparative Perspective’ in India’s Economic Reforms and Development: Essays for Manmohan Singh – Ed I.J.Ahluwalia and I.M.D.Little, Oxford University Press.
Virmani, A (2004), ‘India’s Economic Growth From Socialist Rate of Growth to Bharatiya Rate of Growth’, ICRIER Working Paper 122….on the web.
