Pakistan has long struggled to broaden and upgrade its export base toward higher value-added products. This chapter uses the product space framework to identify feasible opportunities for Pakistan to move into more sophisticated exports - an essential step for achieving sustained, long-term economic growth.
Insight
Using the The Observatory of Economic Complexity (OEC) database and employing standard estimations of product and economic complexity, Chaudhry and Andaman (2023) incorporate product space analysis and “proximity” metrics to identify new products Pakistan could export based on its current capabilities. Due to low economic complexity of Pakistan, many of these “nearby” products are not significantly high value-added, meaning that diversifying into such products will not improve Pakistan’s export sophistication by a high margin.
Read more »Labels: Economic Growth, Industrial Policy, Pakistan Economy, Trade Policy
posted by S A J Shirazi @ 12/18/2025 01:47:00 PM,
The choice of candidates in electoral politics can be a long, difficult process, as illustrated by the system that exists in countries such as the United States.
However, in Pakistan, the selection process is different as the candidates are required to appeal to members of their own party for party tickets and then appeal to a majority of voters in order to win the seat.
Read more »Labels: Industrial Policy, Lahore School of Economics, Pakistan, Research
posted by S A J Shirazi @ 9/28/2016 08:41:00 AM,
Pakistan’s soccer ball production is facing serious challenges like increasing production cost and quality issue because of the soccer industry’s workers resistance to new technology, reveals a survey by Lahore School of Economics.
All of Pakistan’s soccer ball production is concentrated in Sialkot, which remains the major source for the world’s hand stitched soccer balls. In recent years the industry has faced increasing competition from East Asian countries, especially China, which has hurt exporters.
Read more »Labels: Export, Football, Industrial Policy, Industrial Technology, Lahore School of Economics, Pakistan, Research
posted by S A J Shirazi @ 9/09/2016 02:04:00 PM,
Developing countries have sought to promote exports as a growth strategy since they are both – a source of higher demand and of coveted foreign exchange. Proponents of trade liberalisation argue that there is a positive relationship between openness of economy and productivity of its firms.
A research conducted by the Lahore School of Economics suggests that this works through the introduction of imports that increases competition and lowers the average cost of production due to the exit of low-productivity firms.
Read more »Labels: Export, Industrial Policy, Industrial Technology, Lahore School of Economics, Pakistan, Research, Textile
posted by S A J Shirazi @ 9/09/2016 01:28:00 PM,
Manufacturing growth has played a vital role in the development of advanced economies as well as in most developing economies and has also helped in closing the income gap between the two. Presently, the manufacturing industry in Pakistan, which was seen as the engine of growth, is in crisis.
Growth in the large scale manufacturing (LSM) sector, which accounts for 80 percent of the manufacturing sector, has shrunk to its all-time lowest level of 1.1 percent per annum over the last seven years, with no signs of a pickup in the current period. One key reason is that over the last few decades, Pakistan’s exports have not been significantly upgraded in terms of technology or sophistication. As a result of this stagnation in product sophistication, researchers from the Lahore School of Economics have found that Pakistan is on the brink of, if not already in the midst of, premature deindustrialization that blocks off the main avenue for the country to catch up with advanced economies.
Read more »Labels: Industrial Policy, Industrial Technology, Lahore School of Economics, Pakistan, Research
posted by S A J Shirazi @ 9/08/2016 01:23:00 PM,
In a fascinating article published in the Lahore Journal of Economics,
Dr. Matthew McCartney (of Oxford University) performed a unique historical analysis of the Pakistani textile sector.
In the article entitled ‘The Political Economy of Industrial Policy: A Comparative Study of the Textiles Industry in Pakistan’, Dr. McCartney analyzed why the textiles industry in Pakistan has failed to fulfill its “historical mission,” whether judged in terms of promoting rapid and sustained economic growth, reducing poverty, or providing employment to young women and so promoting wider social transformation. Dr. McCartney makes a case for a particular and targeted form of industrial policy that would help the textiles sector learn and upgrade.
Read more »Labels: Bangladesh, Industrial Policy, Korea, Lahore Journal of Economics, Pakistan, Research, Technological Change, Textiles, Upgrading
posted by S A J Shirazi @ 5/18/2015 11:15:00 AM,
In an interesting paper published by the
Lahore Journal of Economics titled ‘The Need for a Coordinated Industrial Strategy to Boost Pakistani Exports: Lessons from Asia’,
Dr. Azam Chaudhry and Gul Andaman of the Lahore School of Economics produced a historical map of Asian industrial policies and explained how they have led to growth in Asian countries. The authors focused on a group of Asian countries that have successfully increased exports and found a common industrial strategy. Several key factors emerged from their detailed mapping exercise:
First, countries that have managed to increase their exports focused on doing so in sectors in which they had expertise while slowly developing new export sectors at the same time.
Labels: East Asia, Industrial Policy, Lahore Journal of Economics, Pakistan, Publications, Quality Ladder, Research
posted by S A J Shirazi @ 5/12/2015 02:20:00 PM,
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