Ishrat Husain

Aijaz A. Qureshi

Nadeem Hussain

The Economy of Modern Sindh delves into the different aspects of Sindh's economy-from geography, topography, climate, administrative history, and demographics, to the political landscape, education, health, labour force and employment, poverty and inequality, agriculture and water issues, infrastructure, industries, energy resources, and public finances-each is covered in a separate chapter. The book highlights the socioeconomic problems that have beset Sindh, arresting the province's economic potential, and proposes a multi-pronged strategy to address these challenges. It offers an incisive and objective assessment of the various policies enacted and pursued by the Sindh government over the years. It also attempts to identify the particular issues that require reforms at the sectoral and micro level. The analysis on each aspect of Sindh's economy is juxtaposed with the performance analysis at the national level as well as a comparison with Punjab that allows for a relative appraisal of Sindh's socioeconomic standing.

Opportunities Lost and Lessons for the Future

The Economy of Modern Sindh

Rashid Faruqee

World Bank Environment Paper 4. This survey describes the factors that affect tree cultivation and clearance by Kenyan farmers. These factors include agricultural conditions, product markets, the family life cycle, income, and changing demands for household labor--especially demands caused by labor migration. The author explains why removing structural constraints on rural land markets might reduce the incentive to start and maintain woodlots. He also details why policies that seek to create forests may conflict with programs that generate rural employment.

Lessons from Country Case Studies

Adjustment in Africa

Ishac Diwan

The debt crisis in perspective; Debt management in the late 1980s; Debt reduction and recontracting.

Dealing with the Debt Crisis

Pakistan, since its independence in 1947, had to face tumultuous years for the first four decades. Despite the many challenges, both internal and external, the country was able to register a 6 per cent average annual growth rate during the first forty years of its existence. The country was ahead of India and Bangladesh in all economic and social indicators. Since 1990, the country has fallen behind its neighbouring countries and has had a decline in the growth rate. This book attempts to examine the reasons behind this slowdown, the volatile and inequitable growth of the last twenty-five years, and through a process of theoretical and empirical evidence argues that the most powerful explanatory hypothesis lies in the decay of institutions of governance. It also suggests a selective and incremental approach of restructuring some key public institutions that pertain to accountability, transparency, security, economic growth, and equity.

Ishrat Husain

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