Given its fragile balance of payments position and urgent need to boost industrial production, Pakistan needs to significantly increase its mobilization of foreign resources. It is crucial to accord high priority to foreign direct investment (FDI). Sections of this report include: importance of FDI in Pakistan; review of FDI policy; trends, issues, FDI, and economic impact of FDI; concentrated FDI in the power sector and its balance of payments implications; and conclusions, lessons, and policy challenges. Charts and tables.
During the 1990s, the governments of South Asian countries acted as ‘facilitators’ to attract FDI. As a result, the inflow of FDI increased. However, to become an attractive FDI destination as China, Singapore, or Brazil, South Asia has to improve the local conditions of doing business. This book, based on research that blends theory, empirical evidence, and policy, asks and attempts to answer a few core questions relevant to FDI policy in South Asian countries: Which major reforms have succeeded? What are the factors that influence FDI inflows? What has been the impact of FDI on macroeconomic performance? Which policy priorities/reforms needed to boost FDI are pending? These questions and answers should interest policy makers, academics, and all those interested in FDI in the South Asian region and in India, Pakistan, Bangladesh, Sri Lanka and Pakistan.
Since its establishment in Europe, capitalism has witnessed a shift in global politico-economic power dynamics. Some nations ascended to dominate the world economy, while others fell from prominence to poverty. This transformation was particularly evident in the case of China and India, which were once central to the pre-modern global economy with their respective empires but transitioned into peripheries of the capitalist world trade structure. These regions experienced occupation, colonization, de-industrialization, and resource exploitation for the industrialization and modernization of core countries, primarily Western Europe and the United States. The Rise of the Semi-Core: China, India, and Pakistan in the World-System delves into modern capitalist history, unraveling the increasing complexities that give rise to the emergence of a semi-core. It argues that nations must possess both economic and strategic national powers to maintain their hierarchical position within the capitalist world-system. Western powers of the eighteenth century, equipped with superior military capabilities, expanded their dominion globally, including in China and India, converting these regions into peripheries that served the core's interests in terms of raw material provision, product consumption, and facilitating capital flow. Once decolonized, China and India initially adopted a statist model of development, nevertheless these nations could grow only when they aligned with core interests.
Pakistan’s 2018 general elections marked the second successful transfer of power from one elected civilian government to another—a remarkable achievement considering the country’s history of dictatorial rule. Pakistan’s Political Parties examines how the civilian side of the state’s current regime has survived the transition to democracy, providing critical insight into the evolution of political parties in Pakistan and their role in developing democracies in general. Pakistan’s numerous political parties span the ideological spectrum, as well as represent diverse regional, ethnic, and religious constituencies. The essays in this volume explore the way in which these parties both contend and work with Pakistan’s military-bureaucratic establishment to assert and expand their power. Researchers use interviews, surveys, data, and ethnography to illuminate the internal dynamics and motivations of these groups and the mechanisms through which they create policy and influence state and society. Pakistan’s Political Parties is a one-of-a-kind resource for diplomats, policymakers, journalists, and scholars searching for a comprehensive overview of Pakistan’s party system and its unlikely survival against an interventionist military, with insights that extend far beyond the region.
The idea of Pakistan stands riddled with tensions. Initiated by a small group of select Urdu-speaking Muslims who envisioned a unified Islamic state, today Pakistan suffers the divisive forces of various separatist movements and religious fundamentalism. A small entrenched elite continue to dominate the country’s corridors of power, and democratic forces and legal institutions remain weak. But despite these seemingly insurmountable problems, the Islamic Republic of Pakistan continues to endure. The Pakistan Paradox is the definitive history of democracy in Pakistan, and its survival despite ethnic strife, Islamism and deepseated elitism. This edition focuses on three kinds of tensions that are as old as Pakistan itself. The tension between the unitary definition of the nation inherited from Jinnah and centrifugal ethnic forces; between civilians and army officers who are not always in favour of or against democracy; and between the Islamists and those who define Islam only as a cultural identity marker.
This volume gathers the cutting edge of new research on foreign direct investment and host country economic performance, and presents the most sophisticated critiques of current and past inquiries. It presents new results, concludes with an analysis of the implications for contemporary policy debates, and proposed new avenues for future research.
Political Science Abstracts is an annual supplement to the Political Science, Government, and Public Policy Series of The Universal Reference System, which was first published in 1967. All back issues are still available.
Foreign investors are drawn abroad by the lure of profits, but they also face significant risks. Standing Guard examines how investors coped with these risks and protected their capital abroad in the nineteenth and twentieth centuries. Toward the end of the twentieth century, less-developed countries, determined to control their own economic development, nationalized their most lucrative oil fields and mineral concessions and regulated all forms of foreign investment. While some firms were hard hit, many others adapted profitably to this new political environment. They rearranged their assets for self-protection and took full advantage of the tax breaks, low wages, and other incentives that attract capital to less-developed countries. At stake were not only corporate profits but also the character of national economic development and the global pattern of property rights. Charles Lispon traces these evolving issues from the days of gunboat diplomacy to modern corporate negotiations, showing how investors have tried to minimize their vulnerability to economic nationalism. Standing Guard analyzes the shifting corporate strategies and shows how they have affected U.S. foreign policy, providing a thorough, clearly reasoned, and insightful analysis of the long-term changes in investment security. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1985.
In sharp contrast to neighboring India, the Muslim nation of Pakistan has been ruled by its military for over three decades. The Army and Democracy identifies steps for reforming Pakistan’s armed forces and reducing its interference in politics, and sees lessons for fragile democracies striving to bring the military under civilian control.
