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Structural Adjustment, Industrialization and Export Promotion

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Do World Bank and IMF Policies Work?

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Abstract

One of the nationalistic fears of structural-adjustment induced trade liberalization is that it may lead to de-industrialization, and one of the expected gains of such structural adjustment is export promotion.2 The objective of this paper is to test if de-industrialization has occurred in Pakistan, and whether Pakistan has been able to successfully promote exports since the onset of structural adjustment. Neither industrialization nor export promotion should be viewed as ends in and of themselves. Thus the links of industrialization and export promotion to economic growth are also empirically investigated.

This work was first presented by Shahrukh Rafi Khan and Shaheen Rafi Khan at the Twelfth Annual General Meeting of the Pakistan Society of Development Economists, 14–16 Dec. 1996. A summarized version of the paper appeared in the conference proceedings. Thanks are due to Javed Akbar Ansari, Tariq Banuri and Mohsin S. Khan for comments and also to Sajid Kazmi for extensive and able research assistance.

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Authors and Affiliations

  1. Sustainable Development Policy Institute, Islamabad, Pakistan

    Shahrukh Rafi Khan (Executive Director)

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  1. Shahrukh Rafi Khan
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© 1999 Shahrukh Rafi Khan

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Khan, S.R. (1999). Structural Adjustment, Industrialization and Export Promotion. In: Do World Bank and IMF Policies Work?. Palgrave Macmillan, London. https://doi.org/10.1057/9780230373259_6

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