Episode 192 - Why did Pakistan fall behind India and Bangladesh

Uzair talks to Dr. Ishrat Hussain about his new book and its key findings. We focused on Dr. Hussain’s view of why Pakistan fell behind India and Bangladesh, why policy stability matters, and things that he is watching for on the economic front. Dr. Hussain’s latest book Development Pathways 1947-2022 is now available in Pakistan and you can order it here - http://www.libertybooks.com/development-pathways-9786277626198 Dr. Ishrat Husain started his career as member of Civil Service of Pakistan and then spent over two decades at the World Bank 1979-1999, where among many key positions, he became the Bank’s Chief Economist for Africa, Director Poverty and Social Department, Country Director for Central Asian Republics. He completed two terms as Governor of State Bank of Pakistan 1999-2005 and has been appointed to chair various commissions and other boards. In addition to his role as public policy practitioner in national and international arenas he has also taken active interest in scholarly pursuits. He is author of twenty four books , prominent being Governing the Ungovernable and The Economy of an Elitist state published by Oxford University Press . He has been awarded several international and national awards including the highest civilian award of Nishan e Imtiaz. Chapters: 0:00 Introduction 4:00 India’s reform success 12:00 Role of common sense economics 18:30 The role of unconstitutional interventions 30:45 Trading with India 35:50 Bangladesh’s keys to success 42:15 Military Inc and its role 46:20 Growing the pie v. distributing wealth 50:35 Outlook for Pakistan’s economy 56:10 Reading recommendations Reading Recommendations - Search for Stability edited by Maleeha Lodhi