Document Type
Article
Keywords
Judiciary, Economic Development, Foreign Direct Investment
Disciplines
Business | Economics
Abstract
Among all the three organs of the state set out in the constitution, a well-functioning judiciary is crucial to democracy, governance, security, economic growth, and equity. No other institution has such a pervasive influence on so many aspects of the daily life of a citizen and also on that of the government. The executive has perforce no choice but to comply with the directives of the courts, however unpalatable they may be. The legislature can take a cue from the courts' decisions and bring about changes in the laws or amend the constitution but the process required for this is cumbersome. The judiciary, particularly the Supreme Court of Pakistan, enjoys unfettered powers under the constitution. This paper attempts to focus mainly on the role of judiciary in a country's economic development, promoting regional integration and attracting foreign direct investment.
Recommended Citation
Husain, I. (2018). The Role of Judiciary in Economic Development, Regional Integration and Foreign Direct Investment. Retrieved from https://ir.iba.edu.pk/faculty-research-articles/270
Note
This paper is extracted from the chapter on the Judiciary in the author's book "Governing the Ungovernable" published by Oxford University Press in 2018. Presented on April 8, 2018. IH0479
