Ishrat Husain: Economy of Pakistan - past, present and future Keynote address by Mr Ishrat Husain, Governor of the State Bank of Pakistan, at the Conference on Islamization and the Pakistani Economy, Washington DC, 27 January 2004.
The common law and parliamentary democracy provide a foundation for the sorts of property rights and governance processes that are widely and rightly regarded as fundamental to building a prosperous modern economy. That property rights could become so well established in a society in which the “immigrants” of 1788 had no such rights is, perhaps, an ironical outcome.