This is an insightful case study of Pakistan’s economic development during the past fifty years which demonstrates that the benefit of this development has predominantly affected a small class of elites, while the majority of the population remains illiterate, poor, and backward.
About the Author / Editor
Dr Ishrat Husain joined the State Bank of Pakistan as Governor in December 1999. Prior to this he held senior positions at the World Bank in Washington D.C. from 1979-1999. He started his career as a member of the Civil Service of Pakistan in 1964 and served the government in various capacities until 1979. He holds a Master’s Degree in Development Economics from Williams College and a doctorate degree in Economics from Boston University.
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