Vol. 4 No. 4 (2021): Pakistan Journal of International Affairs
Articles

EVALUATING THE ECONOMIC PERFORMANCE OF PAKISTAN UNDER DEMOCRACY & DICTATORSHIP REGIMES

Published 2021-12-31

Abstract

Since its independence, Pakistan has had both authoritarian and democratic governments. Despite the fact that several democratic administrations have controlled the country, politicians in Pakistan have been unable to offer the ordinary populace the fundamental necessities of existence. Lack of timely, free, and fair elections, a chasm between the political elite and the general people, martial law, civil-military ties, and a lack of education and awareness are all major impediments to democracy's success. Since its inception, Pakistan's political history has undergone several transformations. Pakistan has had four Martial Law regimes and a few brief moments of democracy. Findings: Growth was faster under autocratic rule, with a substantial difference in GDP growth rate, CPI inflation, and moveable debt. Foreign Direct Investment, Real GDP, Underemployment, Per capita income, Consumer Price Index, Gross National Product, Corruption Index, and Inflation Rate are all indicators of economic performance. The goal of this research is to collect facts and information from the general public, particularly the young, concerning the dictatorship era and the role it played in Pakistan's progress, economic stabilization, and good governance. Our research's projected outcomes and conclusions would indicate that either dictatorship is suited for excellent governance or dictatorship is not fit for Pakistan. The results of data analysis may indicate that a large development occurred during the dictatorship era or that a major development did not occur during the military-led era.