The Revolt against elitism by Ishrat husain

Ishrat Husain

IN 1999, in my book The Economy of an Elitist State, I attempted to substantiate the argument that the Pakistani economy had been captured by a narrow elite consisting of the top one to two per cent of the population.

Markets allocate resources efficiently, but only those that possess

Action at full Speed written by Ishrat Hussain

The writer is a public policy  fellow at the Woodrow Wilson  Centre, Washington, D.C.

Action at full speed

PAKISTAN has successfully completed the Extended Fund Facility arrangement with the IMF. The economy has stabilised; inflation has been subdued and initial investment under CPEC has begun. We now stand at a crossroads. One road leads to sustained growth and prosperity, the other to a place where our preoccupation with election-year politics can push us back into the IMF’s arms. The first road requires acting on policy at full throttle so that there are perceptible economic dividends by 2018. What is required to tread this road? There are many stumbling