SEEKING ECONOMIC SECURITY: PAKISTAN CONFRONTS HYBRID WAR?
Keywords:Pakistan, International Monetary Fund, World Bank, Development Planning, Governance, Economy, Hybrid War
The battle ground of the future has shifted to Economy. Pakistan has gone through 22 International Monetary Fund (IMF) Programs without converting any one of them into an opportunity to achieve self-sustaining high growth trajectory. The Western Powers have touted ‘democracy’, as the central plank of the new rules based order, knowing very well that they themselves only adopted ‘One person, one vote’ after achieving a reasonable level of development and prosperity. Historically, the misfortune of Pakistan began with establishment of the World Bank (WB) Advisory Group in 1954, which promoted a template of Development planning based on Foreign aid, elitist governance, conspicuous consumption, fossil fuel energy and luxury goods imports. This was a recipe of economic suicide. International Financial Institutions (IFIs) have made Pakistan a ‘basket case’. Pakistan needs a break and wide ranging home cooked Reforms for Economic take-off.
Javed, Syed Hasan. 2021. "Seeking Economic Security: Pakistan Confronts Hybrid War?." Strategic Thought (3): 64-76.