A Comparative Study of Parliamentary & Presidential Systems of Government: Economic Implications for Pakistan
Keywords:Presidential System, Parliamentary System, Economic Implication, Economic Development, Sustainable Economy
Political stability is mandatory for economic prosperity. Pakistan continues to struggle on the path to attaining a genuine and stable democratic system. Absence of political stability has led to constant changes in forms of governments in Pakistan throughout its history. Whether a system of government is directly linked with the economic implications is undecided? This research paper aims to find the answer by examining how a system of government impacts the performance of an economy in a country. The primary aim of this paper was to analyze the economic implications for Pakistan via comparative study of parliamentary and presidential systems of governments. Pakistan has one of the lowest per capita income economies and trade-to-GDP ratios showing at just 30 per cent according to a recent report published by Asian Development Bank. However, it is not all doom and gloom and the country has a lot of room for improvement. Therefore, this paper fills this gap and examines which system of government can help the economic system to flourish more through a comparative study of parliamentary and presidential form of government. The paper provides new perspectives into assessing presidential and parliamentary systems and their role in economic development of Pakistan. The study proposes how economic development can be achieved under a democratic system.
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