The author is a graduate of Columbia University with degree in Economic Policy Management, Chevening Fellow on Economic Governance and Reforms, and a published author of three books, two on development and one on regional trade. His writings for Criterion Quarterly are: IMF Programs in Pakistan (1988-2008) – An Analysis Democracy, Inclusion and Governance: The […]
Abstract (This paper gives an overview of the idea of subjective well-being which has captured the attention of economists in the last one decade or so. The gist of the literature which has emerged on the subject is that income or GDP does not truly reflect human welfare and there is need to make use
Subjective Well-being and Public Policy Read More »
by Jamil Nasir Abstract The experience of developed countries suggests that structural transformation of the economy is closely linked to economic development. During the process of structural transformation, the economy transitions from the production of low-value primary products to high- value, and high-tech sophisticated products, and workers move from low-productivity to high-productivity sectors. As a
Economic Development And Structural Transformation: Analyzing Pakistan’s Case Read More »
By Jamil Nasir[*] Abstract This paper is an attempt aimed at improving our understanding of corruption by critically examining the economic perspectives on corruption. The relationships between corruption and development and corruption and poverty are discussed by highlighting the channels through which corruption negatively impacts development and deepens poverty. After discussing both ‘greasing the wheels hypothesis’
Economic Perspectives on Corruption Read More »
By Jamil Nasir[1] Abstract This paper analyses the changing paradigms of economic inequality and the baneful effects it can have on economic growth, development of institutions and financial, political and economic stability, subjective wellbeing, etc. After analyzing inequality purely from an economic perspective, the paper takes stock of inequality in Pakistan. The factors responsible for extreme
The Economics of Inequality Read More »
By Jamil Nasir[*] Abstract This paper analyses the binding constraints to sustainable economic growth in Pakistan within the growth diagnostics framework developed by Hausmann et al. Factors like limited access to finance, low returns to economic activity, and low appropriability of returns are discussed at length in the light of data and literature. Low financial
Pakistan: Growth Diagnostics Read More »
By Jamil Nasir[1] Abstract The idea of national competitiveness has gained prominence in the last two decades or so. National competitiveness, as originally understood by the economists, only meant exchange rate engineering to enhance exports. The concept has evolved and expanded in scope with the passage of time. However, consensus does not exist with regard
Analyzing Pakistan’s National Competitiveness Read More »
Comment “Read – for thy Sustainer is the Most Bountiful One who has taught man the use of the pen – taught man what he did not know.” These were the first verses of the Quran revealed to Prophet Muhammad (PBUH) in a remote mountain cave near Mecca more than 1400 years ago. The significance
Malala, Education, Drones & a Deluded Civilian Leadership Read More »
By Jamil Nasir Abstract Pakistan’s relationship with the IMF dates back to 1958 but the association deepened with the structural Adjustment Program of 1988.Since then, our reliance has increased on the IMF. The Fund is still a major source of loans, required to bridge the fiscal gap. This paper is an attempt to determine the
IMF Programs in Pakistan (1988-2008) – An Analysis Read More »
Abstract (Pakistan has oscillated between military rule and some form of democracy throughout its chequered political history. Several factors, widely discussed in political literature, are responsible for the shallow roots of democracy in Pakistan. The root causes, however, are exclusionary policies of the state, politico-economic arrangements benefitting the elite, and outmoded governance structures from colonial
Democracy, Inclusion and Governance: The Inseparable Links Read More »
