This paper sheds light on the relationship between law and development; more specifically, it deals with statutory laws and economic development. The case study will deal with Palestine after the Oslo agreements. Statutory laws are used, in contemporary states or proto-states, as is the case with the Palestinian Authority, to effectuate change; however, change occurs in all institutions and legal systems. The question that arises here is: why effect change through statuary laws?

This paper shows that one of the goals of statutory laws is to accelerate the process of socio-economic change through a planned process of legal reform and often in response to a crisis. This objective might not necessarily be realized. On the contrary, this study points out that despite the economic developmental goals present in the Oslo strategies and discourses and the legal reform of the economic sector of the Palestinian Authority, continuous deterioration of this sector and its dependency on other sectors and systems are still rampant.