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

Lubna Hasan

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Rule of Law; Legal Development; Economic Growth; Pakistan (search for similar items in EconPapers)
JEL-codes: K10 O43 (search for similar items in EconPapers)
Date: 2010-09-30
New Economics Papers: this item is included in nep-cwa, nep-dev and nep-law
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: RULE OF LAW LEGAL DEVELOPMENT AND ECONOMIC GROWTH PERSPECTIVES FOR PAKISTAN (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:25565

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