"Governance and development: a case study of Pakistan" by Dr. Ishrat Husain
 

Faculty / School

Faculty of Business Administration (FBA)

Was this content written or created while at IBA?

Yes

Document Type

Book Chapter

Publication Date

2009

Author Affiliation

  • Dr. Ishrat Husain is Dean and Director of the Institute of Business Administration, Karachi.

Book or Conference Proceedings Title

Development models in muslim contexts: chinese, “Islamic” and neo-liberal alternatives

ISBN/ISSN

9780748639687

Editor(s)

Robert Springborg

Series

Exploring muslim contexts

First Page

180

Last Page

194

Publisher

The agha khan university, Institute for the study of muslim civilisations

Place of Publication

Edinburgh

Keywords

Good governance,Development,Pakistan,Case studies

Abstract / Description

Theoretical and empirical evidence from the past two decades shows that socioeconomic development is affected by the quality of governance and its institutions. Traditional factors of production (capital, skilled and unskilled labour, and intellectual human capital) obviously contribute to the growth process, but the residual or total factor productivity incorporates not only technical change, but also organisational and institutional change. Well-functioning and healthy institutions not only affect the rate of economic growth but, moreover, the distribution. If governance structures and supporting institutions are healthy, then the distribution of benefits of growth will be equitable. This chapter will argue that the process by which good economic policies and aggregate economic outcomes are translated into an equitable distribution of wealth and benefits involves the institutions of governance.

Included in

Business Commons

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