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|Mahbub ul Haq
24 February 1934|
Punjab Province, British India
|Died||16 July 1998
New York City, New York, U.S.
Ministry of Finance
UN Development Program
University of Karachi
|Heterodox economics and Game Theory|
University of Punjab (B.S.)
King's College, Cambridge (B.A.)
Yale University (Ph.D.)
Human Development Index (HDI)
Human Development Report (HDR)
Human Development Philosophy
Mahbub ul Haq (Urdu: محبوب الحق; 24 February 1934 – 16 July 1998) was a Pakistani game theorist, economist and an international development theorist who served as the 13th Finance Minister of Pakistan from 10 April 1985 till 28 January 1988.
After studying economics at Punjab University, he travelled to Cambridge where he gained his degree alongside Amartya Sen. He later moved to Yale where he received his PhD and later worked as a postdoctoral researcher at the Harvard Kennedy School. He returned to Pakistan to serve as the Chief economist of Pakistan during the 1960s, and moved to U.S after the election of socialist government led by Zulfikar Ali Bhutto. At World Bank he worked as the policy director throughout the 1970s and also the chief economic adviser to Robert McNamara.
He moved back to Pakistan in 1982 and in 1985 became the country's Finance Minister and oversaw a period of cautious economic liberalisation. In 1988 he moved back to U.S where he served as the Special Adviser to the UNDP Administrator William Henry Draper. Here, Haq led the establishment of Human Development Report which includes the now popular HDI, which measures development by people's well-being, rather than by their income alone. He returned to Pakistan in 1996 to establish the Human Development Center in Islamabad.
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