GROWTH, MACRO-ECONOMIC STABILITY, AND SUSTAINABLE DEVELOPMENT
The, purpose of the Annual General Meeting of the Pakistan Society of Development Economists (PSDE) is to provide a forum where leading professional economists and policy-makers can exchange ideas on the vital economic issues facing Pakistan. With the passage of time, the philosophy behind the process of development has undergone a profound change. There is now, as never before, an increasing awareness of the complexities involved in the development process which has engendered both pessimism and a greater sense of realism. In Pakistan’s development experience, a number of problems typically confronting developing countries in their progress towards a self-reliant economy have been tackled. These problems are complex and multidimensional in nature. High rates of population growth, an uneven distribution of income, low literacy rates, poor health facilities, relatively low saving rates, large internal and external deficits, and inadequate physical infrastructure in energy generation and communication facilities threaten to nullify the modest economic gains made here as in many other developing countries. Despite these problems, the development process in Pakistan has progressed reasonably well though not without encountering great difficulties. The Annual General Meeting of the Society is also an occasion for stock-taking of the work done on these problems at the PIDE and elsewhere, as well as for suggesting new initiatives for further research. These Meetings provide a medium of communication between the high priests of the economics profession, the policy-makers, and ever-increasing interested observers of this debate. The Tenth Annual General Meeting is being held from April 2 to April 5, 1994, and the major topics of discussion are: privatisation and public sector issues, demographic analysis, issues in health sector, agricultural development, inequality and poverty, fiscal and monetary issues, women and development, issues in development economics, international economics, human resource development, Islamic economics, employment issues, issues in industrial sector, and financial markets in Pakistan. The highlight of this year’s Meeting is the Inaugural Address by Mr V. A. Jafarey, Adviser to the Prime Minister on Finance and Economics Affairs. This year’s Presidential Address, “The ‘Orderliness’ of Economic Development”, by Syed Nawab Haider Naqvi, will focus on the nature of economic development. The Quaid-i-Azam Lecture will be delivered by Richard G. Lipsey, Director, Economic Growth and Policy Programme/CIAR, Simon Fraser University at Harbour Centre, Vancouver, Canada, and Alcan Fellow of the Canadian Institute for Advanced Research. His topic is: “Markets, Technological Change, and Economic Growth”. The Iqbal Memorial Lecture will be delivered by Ian M. D. Little, Nuffield College, University of Oxford, Oxford, UK. His topic is: “Trade and Industrialisation Revisited”. Other notable economists delivering the Distinguished Lectures are: Hartmut Elsenhans on “Rent, State, and the Market: The Political Economy of the Transition to Self-sustained Capitalism”; Michael Lipton on “The Malthus Rectangle, Poverty, and Conversion Efficiency”; Per Pinstrup-Andersen on “Poverty, Agricultural Intensification, and the Environment”; John W. Mellor on “Agricultural Price Policy for Growth”; Mahmood Hasan Khan on “The Structural Adjustment Process and Agricultural Change in Pakistan in the 1980s and 1990s”; and Gowher Rizvi on “Democracy, Governance, and Civil Society in South Asia”.
PAPERS PRESENTED AT THE 10th ANNUAL GENERAL MEETING OF PSDE – 1994
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