Although observers of the Pakistani economy are well aware that a small
number of family groups, popularly called "the twenty-two families,"
dominates the industrial structure of the country, the actual effects of
this concentration of economic power on income distribution and on other
areas of widespread social and political concern arc less well
understood. In this important work, Lawrence J. White uses the concepts
of industrial organization analysis to achieve an overall view of the
problems stemming from the marked industrial concentration in Pakistan.
After discussing the economic effects of industrial concentration as
they apply generally to less developed countries, Professor White
reviews the Pakistani experience, estimating the overall concentration
of power that exists in manufacturing, banking, and insurance. Following
an estimate of the extent of concentration in individual markets, he
examines the origins of this concentration of power and analyzes its
economic and noneconomic effects in Pakistan. The author concludes with
a review of the policies that Pakistan has pursued in dealing with
industrial concentration and suggests new courses of action for the
future.
Originally published in 1974.
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