The writer is an Adjunct Scholar, Middle East Institute. His writings for Criterion Quarterly are: Pakistan’s Economy on the Razor’s Edge: Reform Imperatives Pakistan’s Economic Challenges—Lessons from Other Country Experiences Deauville Partnership to Support Democratic Movements in the Arab World—A Critical Appraisal
By Zubair Iqbal[1] Overview The global community was surprised by the suddenness and intensity of democratic movements in the Arab countries. While universally welcomed, the global response in support of these movements has so far been reactive, uncertain, and slow to build up. The only coherent rendering of such an initiative is the declaration ofthe
By Zubair Iqbal* Abstract Pakistan is not a unique case. A number of countries have encountered broadly similar economic challenges, implemented appropriate policies, and have restored self-sustaining rapid growth with internal and external stability over the medium term. Notwithstanding the debilitating impact of the recent floods, there is no reason why—if appropriate policies are implemented–
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By Zubair Iqbal* Overview The deterioration of the Pakistan economy over the past 2-3 years can be attributed mainly to the continuation of inappropriate macroeconomic policies since, at least, 2005/06. The sudden and debilitating weakening of the international economic and financial environment added to the turmoil. While the major economic challenges – sharply declining growth,
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