Essential Economic Insights for Public Policy in Pakistan
January 23, 2025
Dr. Azam Chaudhry, Pro-Rector Lahore School of Economics was a guest lecturer at the National School of Public Policy (Pakistan), for its 122nd National Management Course. Dr. Azam Chaudhry's lecture “Essential Insights of Economics for Public Policy Formulation and Implementation in Pakistan,” focused on:
Elasticity: This concept measures how responsive demand for a product is to changes in its price, which is vital for understanding the effects of currency depreciation on exports and imports in Pakistan.
Economic Constraints: The lecture discussed how low export growth and the quality of exports can lead to repeated economic slowdowns, impacting overall GDP growth.
Evidence-Based Policymaking: Dr. Chaudhry highlighted the importance of using data from actual economic events to assess the impact of policies, such as the effects of trade tariffs on exports.
These concepts are crucial for shaping effective public policies that can enhance trade, stimulate GDP growth, and address the structural issues within Pakistan's economy, particularly in light of challenges like the balance of payments crisis.
Labels: Dr. Azam Chaudhry, Pakistan, Public Policy, WTO, WTO Chairs
posted by S A J Shirazi @ 1/23/2025 02:55:00 PM,
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