Three of the following helped stimulate economic growth in Pakistan in the late 1970s and 1980s. Pick the odd one out.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Nationalisation of capital goods industries
In the late 1970s and 1980s, Pakistan moved towards denationalisation and encouraged the private sector. Three things then stimulated growth.
Option (1) Financial support from western nations — Helped growth. Pakistan received financial support from western nations in this period.
Option (2) Remittances from emigrants to the Middle-east — Helped growth. Money sent home by the growing number of emigrants to the Middle-east stimulated growth.
Option (3) Nationalisation of capital goods industries — Odd one out. Nationalisation took place earlier, in the 1970s. The later policy did the opposite and denationalised industries.
Option (4) Incentives offered to the private sector — Helped growth. The government gave incentives to the private sector, creating a good climate for new investment.
NCERT (2026-27): “8.2 Developmental Path—a Snapshot View … In the 1970s, nationalisation of capital goods industries took place. Pakistan then shifted its policy orientation in the late 1970s and 1980s when the major thrust areas were denationalisation and encouragement of private sector. During this period, Pakistan also received financial support from western nations and remittances from continuously increasing outflow of emigrants to the Middle-east. This helped the country in stimulating economic growth. The then government also offered incentives to the private sector. All this created a conducive climate for new investments. …” |