Failed Take-Off: an Assessment of Pakistan's October 2008 Economic Crisis
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Until the October 2008 economic crisis, the Musharraf government's economic policies were generally perceived to be a great success. In fact, Pakistan appeared to have one of the best economic growth records in its region. Based on these perceptions, there was widespread optimism that the country might finally break out of its post-independence cycle of boom and bust to achieve the type of high sustained economic growth that India has been experiencing since the early 1990s.
Pakistan Security Research Unit (PSRU) Brief Number 46