Labour’s slow pace
April 20, 2016
Since the 1980s, and until recently, rapid globalisation — driven in part by the unprecedented pace of technological change, especially in information and communications technologies (ICT) — has allowed several developing countries (including China and India) to take advantage of these developments and achieve exceptionally high rates of economic growth, even soaring to double digits.
Unfortunately, Pakistan, which was among the 10 fastest-growing economies of the world during 1960-90, has not been one of them. This is despite the fact that, in many ways, Pakistan was a more open and globalised economy than either China or India in the early 1980s. While Pakistan’s low and declining economic growth during 1990-2015 (except for a brief spurt in 2003-06) has been the subject of considerable rumination, an important factor responsible for this outcome, ie labour productivity, has not received the attention it deserves.
Read more »Labels: IMF, Labour, Pakistan Economy, Publications
posted by S A J Shirazi @ 4/20/2016 09:49:00 AM,
City Campus
104 - C, Gulberg III,
Lahore, Pakistan.
Phones: 92-42-35714936, 38474385
Fax: 92-42-36560905
Main Campus
Intersection Main Boulevard Phase VI
Burki Road
Lahore, Pakistan.
Phones: 37254099, 37254311
