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Vol 25 No 2 Feb/March 2020

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Law and Development: An Institutional Critique

ISBN13: 9781784718206
Published: January 2018
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Hardback
Price: £70.00

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This book draws on the analytical framework of New Institutional Economics (NIE) to critically examine the role which law and the legal system play in economic development. Analytical concepts from NIE are used to assess policies which have been supported by multilateral development organisations including securing private property rights, reform of the legal system and financial development. The importance of culture in shaping the legal environment, which in turn influences financial sector development, is also assessed using Oliver Williamson's `levels of social analysis' framework.

Law and Economics

Part I Introduction
1. How we got here
2. New Institutional Economics

Part II Legal Systems and Development
3. Legal Origin Theory and the Transplant Effect
4. A New Institutional Economics Approach to Law and Development

Part III Finance and Development
5. Financial Markets
6. Estimating the determinants of growth: an empirical exploration of an NIE framework

Part IV: Conclusion
7. Conclusions