What are the Most Effective Economic Growth Engines: A Descriptive Study Focusing on Pakistan
The growth of a country depends on the economic growth engines (EEGs). These EEGs vary from country to country and region to region, depending on the various factors. This study attempts to identify the most effective EEGs vis-à vis Pakistan. The study is descriptive in nature and uses the Strength, Weaknesses, Opportunity, and Threats (SWOT) approach for a time span of the last 7 years. The results show that Pakistan is lagging behind in terms of a number of EEGs, particularly innovation, trade, and investment, for which it will not only accelerate its pace on the existing trajectory but also reorient its directions. The study suggests that Pakistan has to exploit its full potential of EEGs, where it has a comparative advantage, to ensure sustainable economic growth.
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Economic Growth Engines, SWOT, Descriptive Study, Pakistan
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(1) Hidayat Ullah Khan
Associate Professor, Department of Economics, National University of Modern Languages (NUML), Islamabad, Pakistan.
Cite this article
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APA : Khan, H. U. (2024). What are the Most Effective Economic Growth Engines: A Descriptive Study Focusing on Pakistan. Global Economics Review, IX(I), 47-57. https://doi.org/10.31703/ger.2024(IX-I).05
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CHICAGO : Khan, Hidayat Ullah. 2024. "What are the Most Effective Economic Growth Engines: A Descriptive Study Focusing on Pakistan." Global Economics Review, IX (I): 47-57 doi: 10.31703/ger.2024(IX-I).05
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HARVARD : KHAN, H. U. 2024. What are the Most Effective Economic Growth Engines: A Descriptive Study Focusing on Pakistan. Global Economics Review, IX, 47-57.
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MHRA : Khan, Hidayat Ullah. 2024. "What are the Most Effective Economic Growth Engines: A Descriptive Study Focusing on Pakistan." Global Economics Review, IX: 47-57
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MLA : Khan, Hidayat Ullah. "What are the Most Effective Economic Growth Engines: A Descriptive Study Focusing on Pakistan." Global Economics Review, IX.I (2024): 47-57 Print.
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OXFORD : Khan, Hidayat Ullah (2024), "What are the Most Effective Economic Growth Engines: A Descriptive Study Focusing on Pakistan", Global Economics Review, IX (I), 47-57
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TURABIAN : Khan, Hidayat Ullah. "What are the Most Effective Economic Growth Engines: A Descriptive Study Focusing on Pakistan." Global Economics Review IX, no. I (2024): 47-57. https://doi.org/10.31703/ger.2024(IX-I).05