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

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  • Hasan, Lubna

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.

Suggested Citation

  • Hasan, Lubna, 2010. "Rule of Law, Legal Development and Economic Growth: Perspectives for Pakistan," MPRA Paper 25565, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:25565
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    Cited by:

    1. Neelum Nigar, 2015. "The Composite Impact of Institutional Quality and Inequality on Economic Growth," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 54(4), pages 779-791.

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    More about this item

    Keywords

    Rule of Law; Legal Development; Economic Growth; Pakistan;
    All these keywords.

    JEL classification:

    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)

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