The Demise of Path Dependency: Pakistan’s Economy

By Laurence Campanella As inflation continues to soar and global market tumult intensifies, Pakistan’s economy continues to face “serious challenges on [both] the fiscal and external fronts.” In the past three months, Pakistan has experienced rising non-performing bank loans, plummeting exports, as well as soaring inflation and plunging stocks as recently as February of this year. Despite the growing signs of economic turmoil, Prime Minister … Continue reading The Demise of Path Dependency: Pakistan’s Economy