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

Hasan, Lubna

doi:10.2139/ssrn.1685132

Abstract

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

Lubna Hasan

Pakistan Institute of Development Economics (PIDE)

September 30, 2010

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.

Number of Pages in PDF File: 25

Keywords: Rule of Law, Legal Development, Economic Growth, Pakistan

JEL Classification: K10, O43

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Date posted: October 1, 2010

Suggested Citation

Hasan, Lubna, Rule of Law, Legal Development and Economic Growth: Perspectives for Pakistan (September 30, 2010). Available at SSRN: http://ssrn.com/abstract=1685132 or http://dx.doi.org/10.2139/ssrn.1685132

Contact Information

Lubna Hasan (Contact Author)

Pakistan Institute of Development Economics (PIDE) ( email )

P.O.Box 1091
Islamabad 44000, Federal Capital
Pakistan