A Political Economy Analysis of Heavy Industry, Automobiles, and Mechanical Development 📌 Overview Despite possessing strategic geographic importance, abundant human capital, and significant natural resources, Pakistan has remained technologically and industrially underdeveloped, particularly in the sectors of heavy mechanics, steel, automobiles, and modern manufacturing. This blog examines the structural, political, and economic causes behind Pakistan’s technological backwardness. It argues that the failure of key industrial institutions such as Pakistan Steel Mills, elite-driven capital flight, weak state ownership, inconsistent industrial policy, military interruptions, underinvestment in research and development, and protection of inefficient industries have collectively undermined sustainable technological growth. Through a political economy lens, the blog highlights how governance failures, elite incentives, and institutional decay, rather than lack of resources...
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