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£72.99

Revisiting the Rise and Fall of Industrial Productivity in Pakistan

Shahida Wizarat

£72.99

This book shows that after a brief increase, Pakistan's Total Factor Productivity declined continuously. Nationalization and IMF borrowing led to deindustrialization, a massive increase in poverty never witnessed before, and accentuating imbalances in income and wealth.

This book shows that Total Factor Productivity (TFP) increased only for a short stint from 1959-60 to 1965-66, and declined continuously thereafter, due to nationalization…
£72.99
£72.99
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This book shows that Total Factor Productivity (TFP) increased only for a short stint from 1959-60 to 1965-66, and declined continuously thereafter, due to nationalization of basic industries, followed by the borrowing binge from the IMF by successive Pakistani Governments. The resulting increase in the cost of production led to decline in TFP growth, deindustrialization, accentuating the imbalance in income and wealth distribution and massive increase in poverty never witnessed in Pakistan before. These imbalances were accentuated due to high aggregate and market concentration causing massive decline in the wage share of income in Pakistan’s large scale manufacturing sector.

Professor Dr Shahida Wizarat did her Masters in Economics at Vanderbilt University, Nashville, Tennessee, USA on a Graduate Fellowship by the Rotary Foundation of the Rotary International and PhD in Economics from the University of East Anglia, UK on a British Council Scholarship. Her areas of interest are industrial productivity; profitability; concentration; economic policies; international financial institutions; debt management; privatization and liberalization; food security; political economy; and natural resources, conflict and growth. She has authored five books: The Rise and Fall of Industrial Productivity in Pakistan (1st and 2nd eds.); Fighting Dependence: Proclaiming Sovereignty for an Enslaved Pakistan; Fighting Imperialism: Liberating Pakistan and Alternative to the IMF and Other Out of the Box Solutions. She has authored more than 80 research papers published in international and national journals and newspapers.

Hardback

  • ISBN: 1-0364-6001-0
  • ISBN13: 978-1-0364-6001-3
  • Date of Publication: 2026-02-18

Ebook

  • ISBN: 1-0364-6002-9
  • ISBN13: 978-1-0364-6002-0
  • Date of Publication: 2026-02-18

Subject Codes:

  • BIC: KC, KCG, KN
  • BISAC: BUS022000, BUS068000, BUS023000, POL023000, POL024000, POL054000
  • THEMA: KC, KCG, KN
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  • “Revisiting the Rise and Fall of Industrial Productivity in Pakistan sends a clear warning signal that, due to a failure to reach the required threshold of productivity and technological capacity, the industrial sector—crucial for countries at Pakistan’s stage of development—has failed to develop the virtuous circles leading to catching-up and convergence within the industrial countries. It confirms that part of the new consensus which stresses that liberalization must be carefully sequenced and accompanied—or preceded—by the creation of technological capacity and human capital. It is, therefore, to be hoped that her book will be widely read and help to change her ‘dismal picture’ into a more hopeful one of a converging world where the poor have a chance of inclusion and catching-up.”
    - Professor Sir Hans W. Singer Then Professor Emeritus, Institute of Development Studies (IDS) University of Sussex, England, UK.

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