Dossier
HIES
Coverage of HIES in the Nexus archive.
- Holy grail of economics
Economic growth is described as the 'holy grail' of economics, with examples from China's rapid growth in the 1990s and Pakistan's stagnant growth leading to poverty and job challenges. India's economic reforms in the 1990s enabled it to overtake Pakistan in per capita income, while Pakistan's growth remains stuck at 2.3% annually.