Private Foreign Investment in Pakistan (Notes &amp;
      Comments)

Chaudhry, Shahid Amjad

doi:10.30541/v10i1pp.100-111

Cited by 2 publications

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“…The State Bank of Pakistan estimated that FDI averaged Rs80 million p.a. over the 1960s (Chaudhry, 1970). There is reason to believe that positive spillovers from even this low level of FDI would have been negligible.…”

Section: An Episode Of Growth 1960/61 To 1969/70mentioning

confidence: 99%

Pakistan, Growth, Dependency, and Crisis

McCartney¹

2011

LJE

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Compared to the historical and even contemporary experience of India, Pakistan has long been regarded as a "dependent" economy. Gross domestic product growth in Pakistan is typically argued to be contingent on external factors: trade, financial flows, and the interdependence of asset markets. Beyond the rhetoric, there is only ambiguous and contradictory empirical evidence to support this view. This paper offers a new methodology, that of case studies of growth and stagnation, to test the hypothesis of dependency. The results show that growth in Pakistan is influenced by external factors, but that growth is driven primarily by the dynamics of the domestic economy.

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Section: An Episode Of Growth 1960/61 To 1969/70mentioning

confidence: 99%

Pakistan, Growth, Dependency, and Crisis

McCartney¹

2011

LJE

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Transfer of Technical Know-How Through Multinational Corporations in Pakistan

Radhu¹

1973

PDR

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The traditional theory of foreign investment says that foreign investors, which usually are the multinational corporations, bring to underdeveloped countries not only foreign equity and loan capital most often in foreign exchange but also advanced technology and managerial experience. Most underdeve¬loped countries lack qualified technical skills and managerial personnel; local entrepreneurs are usually not adequately trained to meet the problems involved in rapid technological change. Multinational corporations bring with them sophisticated technical know-how, modern management and marketing techni¬ques and manufacturing experience. They also give training to local staff in both the technical and managerial fields. Some patented processes and designs necessary to successful production are sometimes made available under licence without the accompanying foreign loan/equity capital; but management, marketing and organizational skills, and some technical know-how complementary to the licensed technology is usually not transferred by multinational firms without having equity participa¬tion [1], Often the knowledge covered by licence alone is not sufficient; the complementary know-how and skills are required to apply the patented know¬ledge to actual production. Particularly in underdeveloped countries where local technical skills are scarce and technical personnel is limited, the comple¬mentary know-how and skill is very important.

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Private Foreign Investment in Pakistan (Notes & Comments)

Cited by 2 publications

References 0 publications

Pakistan, Growth, Dependency, and Crisis

Pakistan, Growth, Dependency, and Crisis

Transfer of Technical Know-How Through Multinational Corporations in Pakistan

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