Open AccessThe Balance of Payments and External Resources in Pakistan's Third Five Year Plan: A Replay (Notes and Comments)
Author(s) -
Bruce Glassburner
Publication year - 1966
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v6i4pp.575-579
Subject(s) - balance of payments , plan (archaeology) , balance (ability) , payment , consumption (sociology) , economics , development plan , investment (military) , macroeconomics , political science , finance , geography , sociology , law , psychology , engineering , social science , civil engineering , archaeology , neuroscience , politics
The Pakistan Institute of Development Economics has initiateda number of useful studies on different aspects of the Third Five YearPlan. Many of these studies have already yielded thought-provokingarticles, one of which is Dr. Bruce Glassburner's critique of the ThirdPlan's sixth chapter on the balance of payments and external resources[1]. 2. The main conclusion reached by Dr. Glassburner as a result ofhis meticulous analysis of the balance of payments projections andpolicies is that the Plan's export targets are overambitious and may bedifficult to achieve; that the import projections are conservative andwill not sustain the projected investment or consumption levels, and asa consequence Pakistan may not be able to reduce reliance on foreignassistance to the extent visualized in the Plan.