Rule of Law, Legal Development and Economic Growth: Perspectives for Pakistan

Hasan, Lubna (2010): Rule of Law, Legal Development and Economic Growth: Perspectives for Pakistan.

Abstract

Rule of Law and strong legal systems are considered a pre-condition for sustained development. Their relative weakness in the under-developed world is considered as the main obstacle to growth. Strengthening Rule of Law and legal systems has, therefore, become a standard advice from the developing community. Pakistan, too, has witnessed a surge in demand for Rule of Law in recent years. Capitalizing on this domestically garnered mandate, this paper reviews the legal obstacles to economic growth in Pakistan. It finds significant impediments for growth and market development due to legal shortcomings in the case of Pakistan.

• Item Type: MPRA Paper
• Language: English
• Keywords: Rule of Law, Legal Development, Economic Growth, Pakistan
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O43 - Institutions and Growth; K - Law and Economics > K1 - Basic Areas of Law > K10 - General

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