Encroachments Mystery of Capital

Share this article

Listen to this article

This working paper attempts to examine the economic nature of encroachments in developing countries by considering the context of Pakistan. In the tradition of De Soto (2000), the question of encroachments is framed in terms of the “mystery of capital,” in that developing economies such as Pakistan are characterized by an absence of enforceable legal property ownership and title to concrete/material assets as a source of revenue generation. Instituional and legal considerations are presented, along with an emphasis on Islamabad (capital) as a pertinent case. Given the dearth of data, the theoretical approach posited by De Soto enriches the discussion about the nature and the consequences of ad-hoc, informal encroachment on developing countries including Pakistan.

Available at SSRNhttps://ssrn.com/abstract=3557571

Suggested Citation:

Tauhidi, Amna and Chohan, Usman W., Encroachments & the Mystery of Capital: A Pakistani Context (March 17, 2020).

Recent Publications

Browse through the list of recent publications.

Space-Shaza Arif

Space Exploration: The Unification of Past, Present and Future

The enchanting realm of space exploration continues to unfold new wonders with every passing day, sparking a growing interest among individuals to embark on their own cosmic journeys. While exploring space with the aid of private companies that charge fortunes is a privilege usually

Read More »

Why are Pakistanis Moving Abroad?

Barbers are generally very talkative. They always like to give their point of view on host of issues, ranging from what’s happening in locality to politics and sometimes even religion. I try and get a haircut at least once a month and visit different barber shops. Last month when I visited a nearby barber shop, the barber was very quiet which was a bit unusual.

Read More »

PIA and the Promise of Privatisation

The Pakistan International Airlines (PIA), once the shining jewel among global airlines, still carries the legacy of its golden era. Though recent decades have posed challenges and shifted the carrier to face financial headwinds, the spirit of the airline remains undimmed. The combined challenges of a fluctuating economy, global events such as the COVID-19 ​

Read More »