An unintended consequence of our economic policies has been the stifling of internal markets, cities and communities, which play a critical role in fostering productivity, innovation and entrepreneurship and ultimately promote growth, prosperity and development. The Planning Commission has been involved in the formulation of perspective, medium-term and annual plans based on a savings-driven approach. The public investment across sectors is allocated according to the planner’s priority and it is assumed that public sector development programme will crowd-in private investment. However we now know that the Rostovian linear model and Harrod-Domar framework, where growth is primarily a function of savings did not succeed for Pakistan because: a) markets were not well-developed which implied that savings were not channelled into most productive uses, b) take-off does not materialize into sustained growth due to poor quality of investments, c) due to poor resource mobilization, there is continuous reliance on foreign resources, and d) model does not incorporate endogenous growth elements of innovation, entrepreneurship and learning. Never has there been a more pressing need in Pakistan’s history to search for a new model for economic development. In the new development framework, markets should be the growth-driver that rewards efficiency, innovation and entrepreneurship, while the government is facilitator that protects public interests and rights, provides public goods, enforces laws, punishes exploitative practices, and operates with transparency and accountability. The New Development Approach will focus on: a) Rules not Deals: ensuring productivity-led growth by incentivizing innovation and entrepreneurship, b) Reforming markets: improving governance so that markets and commerce can flourish, c) Reconfiguring cities: increasing diversity and resource mobility through inclusive zoning, d) Developing Community Infrastructure: empowering youth and community for improved quality of life. In order to develop and refine the New Development Approach further, Planning Commission has put in place a new consultative process, where we are taking every possible step to communicate our thought process to all segments of the society, including academia and civil society organizations. This process is expected to lend deeper feedback and sense of ownership which is critical for the refinement, operationalization and success of New Development Approach. Look forward for your input
Just two comments. One, most of this text is plagiarised from a UNDP job description, which can be seen at http://jobs.undp.org.pk/opening/detailjob.php?jid=9055. I would call this professional dishonesty. Two, where can one see this new development approach,more specifically the "thought process" (I wonder whether its a singular process or processes) on which we are give our comments?
Dear Mam, I do work for Planning Commission of Pakistan and a growth team consisting high caliber economists and other professional are working on new development approach. We are trying to get as much as possible feedback on the concept before putting it into action. Please do look at our blogs at www.pc.gov.pk and give us your feedback on new development approach.
Thank you, I will do so. But my concern is the commonality of the text with the UNDP site. Has this text been vetted by the Planning Commission? With information technology, it is very simple to track examples of plagiarism and it does not behoove the planning commission or an employee of the commission to cut and paste text without appropriate referencing.
Well the text is the concept on NDA and this may have been mentioned in the procurement of the consultants. Here we are talking about the concept and new approach, do you agree with the concepts and will this approach can bring any change in the plight of common man in Pakistan or you may like to suggest anything else.
NEW DEVELOPMENT APPROACH
ReplyDeleteAn unintended consequence of our economic policies has been the stifling of internal markets, cities and communities, which play a critical role in fostering productivity, innovation and entrepreneurship and ultimately promote growth, prosperity and development. The Planning Commission has been involved in the formulation of perspective, medium-term and annual plans based on a savings-driven approach. The public investment across sectors is allocated according to the planner’s priority and it is assumed that public sector development programme will crowd-in private investment. However we now know that the Rostovian linear model and Harrod-Domar framework, where growth is primarily a function of savings did not succeed for Pakistan because: a) markets were not well-developed which implied that savings were not channelled into most productive uses, b) take-off does not materialize into sustained growth due to poor quality of investments, c) due to poor resource mobilization, there is continuous reliance on foreign resources, and d) model does not incorporate endogenous growth elements of innovation, entrepreneurship and learning.
Never has there been a more pressing need in Pakistan’s history to search for a new model for economic development. In the new development framework, markets should be the growth-driver that rewards efficiency, innovation and entrepreneurship, while the government is facilitator that protects public interests and rights, provides public goods, enforces laws, punishes exploitative practices, and operates with transparency and accountability. The New Development Approach will focus on: a) Rules not Deals: ensuring productivity-led growth by incentivizing innovation and entrepreneurship, b) Reforming markets: improving governance so that markets and commerce can flourish, c) Reconfiguring cities: increasing diversity and resource mobility through inclusive zoning, d) Developing Community Infrastructure: empowering youth and community for improved quality of life.
In order to develop and refine the New Development Approach further, Planning Commission has put in place a new consultative process, where we are taking every possible step to communicate our thought process to all segments of the society, including academia and civil society organizations. This process is expected to lend deeper feedback and sense of ownership which is critical for the refinement, operationalization and success of New Development Approach. Look forward for your input
Just two comments. One, most of this text is plagiarised from a UNDP job description, which can be seen at http://jobs.undp.org.pk/opening/detailjob.php?jid=9055. I would call this professional dishonesty. Two, where can one see this new development approach,more specifically the "thought process" (I wonder whether its a singular process or processes) on which we are give our comments?
ReplyDeleteDear Mam, I do work for Planning Commission of Pakistan and a growth team consisting high caliber economists and other professional are working on new development approach. We are trying to get as much as possible feedback on the concept before putting it into action. Please do look at our blogs at www.pc.gov.pk and give us your feedback on new development approach.
ReplyDeleteThank you, I will do so. But my concern is the commonality of the text with the UNDP site. Has this text been vetted by the Planning Commission? With information technology, it is very simple to track examples of plagiarism and it does not behoove the planning commission or an employee of the commission to cut and paste text without appropriate referencing.
ReplyDeleteWell the text is the concept on NDA and this may have been mentioned in the procurement of the consultants. Here we are talking about the concept and new approach, do you agree with the concepts and will this approach can bring any change in the plight of common man in Pakistan or you may like to suggest anything else.
ReplyDelete