Mushtaq Khan

Mushtaq Husain Khan (born 1961) is a British Bangladeshi economist and professor of economics at the School of Oriental and African Studies (SOAS), University of London. His work focuses on the economics of poor countries; it includes notable contributions to the field of institutional economics and South Asian development. Khan also developed the concept of political settlement, which is a political economy framework that highlights how the distribution of organizational and political power among different classes or groups influences policies and institutions in different countries.

Education and career Educated as an exhibitioner at Corpus Christi College, Oxford, Khan graduated with a first-class BA in Philosophy, Politics and Economics in 1981. In 1982, he received his MPhil from King's College, Cambridge, where he would complete a Ph.D. in 1989. According to him, there is no historical evidence for this sequencing; indeed, he claims that all evidence suggests opposite causal direction, so that "good governance" is the , rather than the cause, for growth.

Instead, he emphasizes the importance of "transformation potential", that is the capacity of states to transform rent-seeking behaviour into uses which are conducive to growth. On this account, notable examples include Taiwan and South Korea where states intervened heavily and used patron-client relationships in order to further growth.