Perpetual budget deficits indicate that governments in Pakistan have been 'die-hard' Keynesian. That legacy still being there, discuss the rationale of endorsing the neo-classical counter-revolution, as witnessed by both privatization and the increasing role of the private sector in Pakistan's economy.

Discuss · 20 marks · 30 min

About 1200 words. The examiner marks against these:

• ☐ Pakistan link
• ☐ Impact

Debate: State ownership or privatisation: which better serves Pakistan's economy?