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Moreover, import of relatively cheaper capital and intermediate goods from India could reduce capital-output ratios in Pakistan and thereby generate higher GDP growth for given levels of investment. At the same time, the import of food products during seasonal shortages could reduce food inflation and thereby improve the distribution of real income in Pakistan. Easing of travel restrictions would give a massive boost to Pakistan’s tourism, services, and retail sectors, which could stimulate growth.

1991). Nature in the South Asian tradition is treated not as an exploitable resource but as a reference point to human nature. Nature is the context within which we experience our connection with the eternal, and sustain economic and social life. The Bishnoi community in Rajasthan and the peasants of Bhutan still conduct their production and social life in harmony with nature, as part of their spiritual beliefs. ” Amid its diversity, South Asia has shared civilizational propensities of transcending the ego as a means of fulfillment, of locating the need for goods in the context of human responsibility, and of harmonizing economic and social life with nature.

2005. Understanding the Process of Economic Change. Princeton, NJ: Princeton University Press. Pallis, Marco. 1995. “Dharma and Dharmas,” in R.

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