Political Economy of Post-colonial State Volume 1

Pakistan's Economy 1947-2025

“Pakistan Economy: 1947–2025 – Political Economy of a Post-Colonial State: Volume 1” offers the first comprehensive study of Pakistan’s economic journey since independence. This first volume, Pakistan's Economy: 1947-2025, traces seventy-seven years of policy choices, institutional experiments, and economic strategies, set against both domestic politics and global shifts. It examines periods of growth and missed opportunities alike, not to assign blame but to understand the factors behind success and failure. By asking what worked, what went wrong, and why, the book provides a grounded historical perspective on Pakistan’s development experience, moving beyond slogans and short-term narratives.

While Pakistan is the focus, the insights have wider relevance. Many post-colonial and developing nations face similar challenges of state-building, governance, and economic growth under resource constraints and global pressures. This volume offers a detailed account of Pakistan’s evolving economy as a lens for understanding these broader dilemmas. The second volume will build on this historical foundation to explore practical strategies and policy directions for accelerating inclusive growth. Together, the two volumes link history with strategy, making this work an essential resource for students, researchers, policymakers, and anyone seeking to understand the long, complex path of economic development in a post-colonial context.

The book remains an essential resource for students of development studies, as well as economists, policymakers, and public servants. Each chapter includes summaries that highlight the key takeaways, ensuring that complex concepts are conveyed in a clear and digestible manner. With minimal use of jargon and an engaging structure, it can be read in one sitting, offering a practical and insightful look into Pakistan's economic history. The text also provides critical reflections on successes and failures over the past 76 years, offering valuable lessons that could be applied to other developing countries facing similar challenges.