“Economy without economic planning is like a ship having no destination”. Comment.
Has economic planning helped or failed Pakistan?
This debate
All debatesIn shortPositionsNewsPast questions (6)Same themeIs IMF lending a debt trap or a path to recovery for Pakistan?Can Pakistan's industrial sector drive growth and absorb its labour force?Should Pakistan shift its tax burden from indirect to direct taxes?In short
- Examiners want
- concept of planning, five-year plans' record, reliance on external assistance, critical evaluation, lessons for future planning
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- “Economy without economic planning is like a ship having no destination”. Comment. Outline it
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Show all 6 questions
Explain the concept of economic planning and critically evaluate the planning experience in Pakistan.
Critically analyze the Economic Planning as a, “Steering” of the economy and without planning like a ship having no destination. Comment with reference to Pakistan.
Give a critical evaluation of the strategy of economic planning in Pakistan.
Economic development is an innovative process leading to structural transformation of social systems. It is a phenomenon known for the transmutation of existing conditions by expanding the socio physical infra-structure of an economy for improving the quality life of the masses. It can be achieved only through proper implementation of a well woven plan. Examine the statement?
National planning in Pakistan has faced numerous upheavals which has subjected the national process of planning to many ups and downs, which consequently lead the economy to search new strategy of diversified sources of external assistance. That is why planning process did not reflect any clear cut vision of a socio economic policy? Critically examine the statement?