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Public Policy does not have teeth but it bites’ Is that what happens? Pakistan is in a perpetual state of slide and is facing existential crises where the Max Weber’s principles of political economy would seem to be helpless. During the last ten years since 2000, Country is groaning under huge pressure of socio-economic decline. By the end of June 2013, Pakistan is burdened with US$60.87 billion foreign debt and Rupees 8,800 billion of internal debt. Foreign investment has declined to US$ 853 million from US$3.7 billion in 2008. The foreign exchange reserves with the Central Bank amounts to US$ 6.5 billion which is barely enough for 60 days of imports. During the next 12 months, US$ 5 bi...
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Poverty reduction in South Asia is a precondition for sustaining any form of reforms in governance. The new public management reforms which started in South Asia from Sri Lanka taking the initiative in 1977–78 have been a decisive break from the previously practised State driven protectionist system. Investment in the region has been rising and even per capita income has shown some increase, yet the state has not been able to lead these reforms appropriately and efficiently. Thus poverty has not been reduced, ordinary people continue to languish under government programmes and the socially excluded remain outside the mainstream decision making bodies. Governance in South Asia faces the sin...
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