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Show 26 Pre-Ayub It appears that influenced (1947-1958) early economic decision making in Pakistan was by reasoning which comes from the writings of A.G.B. Fisher and Colin Clark. 2 , It was only later on that Pakistani decision makers realized that industrialization isn't THE answer and came to stra- a tegy more in keeping with those outlined by W. Arthur Lewis and John Ranis.) C.H, Fei and Gustav The Fisher and Clark analysis stresses the concept of primary, ' Their data showed that secondary and tertiary production. oountry developed, the Whereas the least developed countries had 2/3 to 4/5 of their labor, force agriculturally employed, which Pakistan, the developed is the case in agriculture. been a perentage of its labor force employed'in the primary sector decreased. about as The laborers in the employed in agriculture had, countries had about developed over 1/10 in countries that had once time, moved into secondary (manufacturing) and tertiary (services) production till the proportion employed in manufacturing had settled at about one-half with approximately forty percent in services, If ane superimposes on . Fisher/Clark the Keynesian stress on saving and investment dth the development application given by Harrod then and Domar, one comes overwhelming emphasis mente This Pakistan. muniCipal was is up with on a development strategy in which the industrial pretty much the (and social overhead) invest- situation prevailing in the 1950s in "Power, transport, ports and communications, and social and service facilities nearly enough to meet demand. were But greatly expanded, although not partly because of official emphasis |
