Law Informal Rules And Economic Performance

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Law, Informal Rules and Economic Performance

Author : Svetozar Pejovich,Enrico Colombatto
Publisher : Edward Elgar Publishing
Page : 191 pages
File Size : 51,5 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 9781848442900

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Law, Informal Rules and Economic Performance by Svetozar Pejovich,Enrico Colombatto Pdf

Almost everyone will gain something of value from reading this book. For those who work in the new institutional economics, Pejovich provides a thoughtful treatment of how common-law and civil-law systems affect personal freedoms and rule of law. The book s larger market, however, will comprise educated lay readers, who will gain a deeper appreciation of the foundations of capitalism in the developed world and of the dynamics of interrelated institutional and economic change. Lee J. Alston, The Independent Review . . . a well written, easily read book which casts light on many aspects of law and on questions which are or should be debated in our law schools. . . well laid out and presented. . . Its subject matter makes it essential reading for all those studying comparative law and of course law and economics and even for those studying legislation. It would be more than useful for those engaged in property law, the law of contract and administrative and public law. In other words it would be useful and challenging reading for just about all law teachers and students as well as practitioners who wish to think about the basics of what they are doing. Its easy combination of history, comparative technique, legal fundamentals and economics with no maths would even make it an excellent reader for LAWS 101. Bernard Robertson, New Zealand Law Journal Professor Pejovich has written an impressive lot on comparative economic systems, institutions, policies and broader social aspects of economic development. . . His long work in the field quite predictably made him able to present his views and findings in an ever clearer, more orderly and more profoundly argued way. . . This is one of the rare books in which the author is well aware of what he is talking about and makes sure that the same goes for his readers. Ljubomir Madzar Professor Pejovich has ranged expertly across such seemingly disparate areas as legal systems, culture, economics and public choice theory to give us a thoroughly convincing roadmap for a nation s economic success. The rule of law, enforcement of private contracts, private property rights and an independent judiciary are the basic building blocks. But the common law system, as compared to the civil law system emanating from the European continent, also gets a lot of the credit. This is an erudite, yet happily readable work that takes a lot of the mystery out of differential economic performance among nations. Henry G. Manne, George Mason University School of Law, US Written by one of the pioneers of modern property rights economics this book provides a most insightful, well readable and engaged discussion of the institutional foundations of the Western free enterprise system and the reason for its success, with a special emphasis on the differences between common law and civil law institutions. Readers will especially appreciate the many instructive examples and court cases that serve to illustrate the general argument. Viktor J. Vanberg, Universitaet Freiburg, Germany This is a must-read for anyone who wants to understand why Western capitalism has outperformed all other economic systems. Professor Pejovich explains how the institutions of capitalism, especially those based on common law, make for excellence, even in comparison with Western civil law countries. He presents a compelling theory of how systems evolve through the interactions of formal and informal institutions, an analysis that has deep significance for economic reform proposals throughout the world. John H. Moore, Grove City College, US There are many books on the virtues of capitalism and capitalism as a moral system. Steve Pejovich avoids that mistake. Capitalism, for him, is a system based on human behavior. It survives because it meets the needs that individuals face and provides opportunities that individuals are able to accept. Unlike the utopian visions that have competed against capitalism, it does not impose the vision of a

The Long Shadow of Informality

Author : Franziska Ohnsorge,Shu Yu
Publisher : World Bank Publications
Page : 397 pages
File Size : 52,9 Mb
Release : 2022-02-09
Category : Business & Economics
ISBN : 9781464817540

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The Long Shadow of Informality by Franziska Ohnsorge,Shu Yu Pdf

A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.

Linking the Formal and Informal Economy

Author : Basudeb Guha-Khasnobis,Ravi Kanbur,Elinor Ostrom
Publisher : Oxford University Press on Demand
Page : 313 pages
File Size : 55,9 Mb
Release : 2006-09-21
Category : Business & Economics
ISBN : 9780199204762

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Linking the Formal and Informal Economy by Basudeb Guha-Khasnobis,Ravi Kanbur,Elinor Ostrom Pdf

A collection of studies on formality and informality in developing countries, this volume contains contributions from anthropologists, economists, sociologists, and political scientists. It argues for moving beyond the formal-informal dichotomy, and offers information to develop guiding principles for intervention.

Institutions, Institutional Change and Economic Performance

Author : Douglass C. North
Publisher : Cambridge University Press
Page : 164 pages
File Size : 48,8 Mb
Release : 1990-10-26
Category : Political Science
ISBN : 0521397340

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Institutions, Institutional Change and Economic Performance by Douglass C. North Pdf

An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.

The Impact of Formal and Informal Institutions on Economic Growth

Author : Constanze Dobler
Publisher : Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
Page : 0 pages
File Size : 50,6 Mb
Release : 2011
Category : Africa, North
ISBN : 3631616163

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The Impact of Formal and Informal Institutions on Economic Growth by Constanze Dobler Pdf

Regarding the Arab region, GDP per capita virtually stagnated for more than 20 years from 1980. During the same period, GDP per capita in the world's highly industrialized states further increased and the gap between the Middle East and North Africa (MENA) and the highly developed countries widened. However, the differences between Arab countries and the Western states exist not only economically. The countries also differ regarding their political, legal, and social systems. This work explains the differences in development on the basis of institutional economics. In addition to a general theoretical part, an empirical analysis demonstrates the effects of institutions on income, and a historical case study explains the divergent development paths of the Arab region and selected advanced economies.

The Informal Economy Revisited

Author : Martha Chen,Françoise Carré
Publisher : Routledge
Page : 323 pages
File Size : 45,5 Mb
Release : 2020-07-14
Category : Business & Economics
ISBN : 9780429575389

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The Informal Economy Revisited by Martha Chen,Françoise Carré Pdf

This landmark volume brings together leading scholars in the field to investigate recent conceptual shifts, research findings and policy debates on the informal economy as well as future challenges and directions for research and policy. Well over half of the global workforce and the vast majority of the workforce in developing countries work in the informal economy, and in countries around the world new forms of informal employment are emerging. Yet the informal workforce is not well understood, remains undervalued and is widely stigmatised. Contributors to the volume bridge a range of disciplinary perspectives including anthropology, development economics, law, political science, social policy, sociology, statistics, urban planning and design. The Informal Economy Revisited also focuses on specific groups of informal workers, including home-based workers, street vendors and waste pickers, to provide a grounded insight into disciplinary debates. Ultimately, the book calls for a paradigm shift in how the informal economy is perceived to reflect the realities of informal work in the Global South, as well as the informal practices of the state and capital, not just labour. The Informal Economy Revisited is the culmination of 20 years of pioneering work by WIEGO (Women in Informal Employment: Globalizing and Organizing), a global network of researchers, development practitioners and organisations of informal workers in 90 countries. Researchers, practitioners, policy-makers and advocates will all find this book an invaluable guide to the significance and complexities of the informal economy, and its role in today’s globalised economy. The Open Access version of this book, available at https://www.taylorfrancis.com/books/e/9780429200724, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license

The Development of African Capital Markets

Author : Boniface Chimpango
Publisher : Routledge
Page : 279 pages
File Size : 47,8 Mb
Release : 2017-01-12
Category : Business & Economics
ISBN : 9781315408965

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The Development of African Capital Markets by Boniface Chimpango Pdf

Most capital markets that have been established in developing economies like Africa have struggled to make progress over two decades down the line. Development of African Capital Markets explores why these markets have remained underdeveloped and discusses a possible development theory that can be used in designing and implementing legal and institutional reforms to reinvigorate capital markets in African and other developing countries. Boniface Chimpango analyses the weaknesses of capital markets in developing countries, and argues that legal and institutional framework for capital markets in developing countries should be tailored to the unique informal rules prevalent in each country rather than being transplanted from developed countries. This book will be of interest to scholars, students and policy makers in the fields of economic development, African Studies, law, development and regulatory policy.

Economic Development and Entrepreneurship in Transition Economies

Author : Jovo Ateljević,Jelena Trivić
Publisher : Springer
Page : 304 pages
File Size : 55,9 Mb
Release : 2016-04-05
Category : Business & Economics
ISBN : 9783319288567

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Economic Development and Entrepreneurship in Transition Economies by Jovo Ateljević,Jelena Trivić Pdf

This book contributes to a better understanding of entrepreneurship in transition economies. Current literature reflects the more traditional schools of thought on entrepreneurship, which are influenced by the Western perspective, and fail to fully address the scenario in transition economies. There is a broad consensus among academics, policy makers, and practitioners that a fundamental cause of difficulties experienced by most economies in transition has been the fact that reform has not been accompanied by the creation of new, private businesses, and particularly SMEs. This is especially evident in states created in Europe after the dissolution of the Soviet Union where many barriers, which were inherited from the old system, remain in place, thus inhibiting entrepreneurial progress in these countries despite a favorable political and economic environment. The contributions featured in this book focus on how much progress has been achieved so far with regard to these aspects, as well as identify which current barriers and issues still need to be resolved. Themes include innovation performance, financing, venture capital, educational factors, and entrepreneurial learning.

Rebel Streets and the Informal Economy

Author : Alison Brown
Publisher : Taylor & Francis
Page : 254 pages
File Size : 41,5 Mb
Release : 2017-02-24
Category : Science
ISBN : 9781317280095

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Rebel Streets and the Informal Economy by Alison Brown Pdf

Street trade is a critical and highly visible component of the informal economy, linked to global systems of exchange. Yet policy responses are dismissive and evictions commonplace. Despite being progressively marginalised from public space, street traders in the global south are engaged in spatial and political battlegrounds to reclaim space, and claim de facto property rights over their place of work, through quiet infiltration, union power, or direct action. This book explores 'rebel streets', the challenges faced by informal economy actors and how organised groups are seeking to reframe legal understandings to create new claims to space and urban rights. The book sets out new thinking and a conceptual framework for improved understanding of the plural relationship between law, rights, and space for the informal economy, the contest between traditional, modernist and rights-based approaches to development, and impacts on the urban working poor. With a focus on street trading, the book seeks to reframe the legal context in which modern informal economies operate, drawing on key areas of academic inquiry and case studies of how vendors are staking claim to urban rights. The book argues for a reconceptualisation of legal instruments to provide a rights-based framework for urban work that recognises the legitimacy of urban informal economies, the scope for collective management of urban resources, and the social value of public space as a site for urban livelihoods. It will be of interest to students and scholars of geography, economics, urban studies, development studies, political studies and law.

Finance & Development, March 2012

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
Page : 60 pages
File Size : 55,8 Mb
Release : 2012-03-14
Category : Business & Economics
ISBN : 9781451922141

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Finance & Development, March 2012 by International Monetary Fund. External Relations Dept. Pdf

Young people, hardest hit by the global economic downturn, are speaking out and demanding change. F&D looks at the need to urgently address the challenges facing youth and create opportunities for them. Harvard professor David Bloom lays out the scope of the problem and emphasizes the importance of listening to young people in "Youth in the Balance." "Making the Grade" looks at how to teach today's young people what they need to get jobs. IMF Deputy Managing Director, Nemat Shafik shares her take on the social and economic consequences of youth unemployment in our "Straight Talk" column. "Scarred Generation" looks at the effects the global economic crisis had on young workers in advanced economies, and we hear directly from young people across the globe in "Voices of Youth." Renminbi's rise, financial system regulation, and boosting GDP by empowering women. Also in the magazine, we examine the rise of the Chinese currency, look at the role of the credit rating agencies, discuss how to boost the empowerment of women, and present our primer on macroprudential regulation, seen as increasingly important to financial stability. People in economics - C. Fred Bergsten, American Globalist. Back to basics - The multi-dimensional role of banks in our financial systems.

Economic Informality

Author : Ana Maria Oviedo,Mark R. Thomas,Kamer Karakurum- zdemir
Publisher : World Bank Publications
Page : 48 pages
File Size : 42,8 Mb
Release : 2009-06-01
Category : Political Science
ISBN : 0821379976

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Economic Informality by Ana Maria Oviedo,Mark R. Thomas,Kamer Karakurum- zdemir Pdf

This survey assembles recent theoretical and empirical advances in the literature on economic informality and analyzes the causes and costs of informality in developed and developing economies. Using recent evidence, the survey discusses the nature and roots of informal economic activity across countries, distinguishing between informality as the result of exclusion and exit. The survey provides an extensive review of recent international experience with policies aimed at reducing informality, in particular, policies that facilitate the formalization process, create a framework for the transition from informality to formality, lend support to newly created firms, reduce or eliminate inconsistencies across regulation and government agencies, increase information flows, and increase enforcement.

How Institutions Matter!

Author : Joel Gehman,Michael Lounsbury,Royston Greenwood
Publisher : Emerald Group Publishing
Page : 344 pages
File Size : 50,5 Mb
Release : 2016-12-22
Category : Business & Economics
ISBN : 9781786354310

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How Institutions Matter! by Joel Gehman,Michael Lounsbury,Royston Greenwood Pdf

This double volume presents a collection of 23 papers on how institutions matter to socio-economic life. The effort was seeded by the 2015 Alberta Institutions Conference, which brought together 108 participants from 14 countries and 51 different institutions.

The Anglo-American Conception of the Rule of Law

Author : Nadia E. Nedzel,Nicholas Capaldi
Publisher : Springer Nature
Page : 297 pages
File Size : 50,6 Mb
Release : 2019-09-03
Category : Law
ISBN : 9783030263614

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The Anglo-American Conception of the Rule of Law by Nadia E. Nedzel,Nicholas Capaldi Pdf

This book offers a multidisciplinary account of the 'rule of law' as a central pillar of the classical liberal tradition. The authors analyze the original meaning of this expression as first introduced by British jurist A. V. Dicey, before examining its subsequent elaboration by Leoni, Fuller, Hayek and Oakeshott. Addressing the main philosophical and legal aspects of the rule of law, this volume will appeal to all those engaged in law, political theory, philosophy, economics, business ethics, and public policy.

Planning Rules and Urban Economic Performance

Author : Sam Staley
Publisher : Chinese University Press
Page : 208 pages
File Size : 54,7 Mb
Release : 1994
Category : Political Science
ISBN : 9622016324

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Planning Rules and Urban Economic Performance by Sam Staley Pdf

The changes will be economically disruptive because they increase uncertainty in property markets, weaken the contractual nature of land development, and provide more opportunities for planners and the general public to delay development. The result will be more volatile property markets, reduced supply and higher prices and rents.

Solomon's Knot

Author : Robert D. Cooter,Hans-Bernd Schäfer
Publisher : Princeton University Press
Page : 342 pages
File Size : 53,8 Mb
Release : 2013-08-25
Category : Business & Economics
ISBN : 9780691159713

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Solomon's Knot by Robert D. Cooter,Hans-Bernd Schäfer Pdf

"Cooter and Schfer provide a thorough introduction to growth economics through the lens of law and economics. They do a masterful job of weaving in historical anecdotes from all over the world, detailed discussions of historical transformations, theoretical literature, empirical studies, and numerous clever hypotheticals. Scholars as well as general readers will find this book to be very useful and informative."--Henry N. Butler, George Mason University -- "This book distills and presents in a lucid and often even entertaining way the main insights and contributions of law and economics to meeting the challenges of growth for developing countries. Cooter and Schfer argue that market freedom is the key to growth, but that it needs to be sustained by the appropriate legal rules and institutions."--Robert Howse, coauthor of "The Regulation of International Trade."