Law and economic development
In: Economic approaches to law 1
In: An Elgar reference collection
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In: Economic approaches to law 1
In: An Elgar reference collection
In: Annual review of political science, Band 11, S. 205-234
ISSN: 1545-1577
With the enormous expansion of scholarship on this subject "rule of law" has come to mean different things ranging from security and order to the operations of courts and the administration of justice. We review the various streams of theoretical and empirical research by academies and practitioners, emphasizing the connections to economic development. The core logic is that security of property rights and integrity of contract underpin, respectively investment and trade, which in turn fuel economic growth and development However, property rights and contracts rest on institutions, which themselves rest on coalitions of interests. Formal institutions are important, but, particularly in developing countries, informal institutional arrangements play a significant part as well. These considerations lead us to caution against an exaggerated confidence in the ability of development assistance to implant new institutions for the rule of law. Adapted from the source document.
In: P. Potter, LAW AND ECONOMIC DEVELOPMENT IN CHINA MAINLAND AND TAIWAN, Institute of Asian Research, 2006
SSRN
In: Annual review of political science, Band 11, Heft 1, S. 205-234
ISSN: 1545-1577
With the enormous expansion of scholarship on this subject, "rule of law" has come to mean different things—ranging from security and order to the operations of courts and the administration of justice. We review the various streams of theoretical and empirical research by academics and practitioners, emphasizing the connections to economic development. The core logic is that security of property rights and integrity of contract underpin, respectively, investment and trade, which in turn fuel economic growth and development. However, property rights and contracts rest on institutions, which themselves rest on coalitions of interests. Formal institutions are important, but, particularly in developing countries, informal institutional arrangements play a significant part as well. These considerations lead us to caution against an exaggerated confidence in the ability of development assistance to implant new institutions for the rule of law.
In: Texas international law journal, Band 32, Heft 3, S. 545
ISSN: 0163-7479
World Affairs Online
In: Proceedings of the annual meeting / American Society of International Law, Band 60, S. 18-21
ISSN: 2169-1118
In: Annual review of political science, Band 11, S. 205-234
ISSN: 1094-2939
In: Annual Review of Political Science, Band 11
SSRN