The urban informal sector of Pakistan : some stylized facts
A. R. Kemal, Zafar Mahmood
Abstract
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A. R. Kemal, Zafar Mahmood
Abstract
Open-access reader
Despite rapid growth of GDP in Pakistan, employment opportunities have been quite inadequate. to absorb the rapidly increasing work force. This situation emerged because of the way industrialization was promoted in Pakistan; trade, investment and public sector policies promoted the capital-intensive large-scale industries, while they discriminated against the informal sector.
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Despite rapid growth of GDP in Pakistan, employment opportunities have been quite inadequate. to absorb the rapidly increasing work force. This situation emerged because of the way industrialization was promoted in Pakistan; trade, investment and public sector policies promoted the capital-intensive large-scale industries, while they discriminated against the informal sector.
Key concepts: Stylized fact, Informal sector, Promotion (chess), Productivity, Order (exchange), Business, Labour economics, Capital (architecture)