Framework for Economic Growth Pakistan

Publication Year : 2020

The Framework for Economic growth (FEG) was an innovative, reform-based strategy for sustained growth acceleration in Pakistan. We built on recent work summarized in Acemoglu and Robinson (2012) as well as developments in complexity theory [Haque (2017), Arthur (2014), Durlauf (2012), among others] to chart a new approach to policy. The objective was to change the country’s growth policy from the traditional aid-led, project-based planning approach [Haq (1964)] to one based on evolving economic evidence and thought to use reform as an instrument to build, institutions, opportunity, productivity, innovation, and entrepreneurship [Romer (1990 & 1986), Lucas (1988) and others]