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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.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 25565.

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Date of creation: 30 Sep 2010
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Handle: RePEc:pra:mprapa:25565

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

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