Rule Of Law And Transition To A Market Economy

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Rule of Law and Transition to a Market Economy

Author : European Commission for Democracy through Law,Nov bŭlgarski universitet,University of Blagoevgrad,EC PHARE Programme
Publisher : Council of Europe
Page : 160 pages
File Size : 45,5 Mb
Release : 1994-01-01
Category : Political Science
ISBN : 9287125031

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Rule of Law and Transition to a Market Economy by European Commission for Democracy through Law,Nov bŭlgarski universitet,University of Blagoevgrad,EC PHARE Programme Pdf

The Rule of Law in the Market Economy

Author : Andrzej Brzeski
Publisher : Unknown
Page : 122 pages
File Size : 55,5 Mb
Release : 2009
Category : Capitalism
ISBN : 0948027568

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The Rule of Law in the Market Economy by Andrzej Brzeski Pdf

Proceedings from a colloquium

Law, Capitalism and Power in Asia

Author : Kanishka Jayasuriya
Publisher : Routledge
Page : 364 pages
File Size : 50,7 Mb
Release : 2006-06-19
Category : Social Science
ISBN : 9781134738250

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Law, Capitalism and Power in Asia by Kanishka Jayasuriya Pdf

A challenging and provocative book that contests the liberal assumption that the rule of law will go hand in hand with a transition to market-based economies and even democracy in East Asia. Using case studies from Hong Kong, China, Indonesia, Malaysia, Taiwan, Japan and Vietnam, the authors argue that the rule of law is in fact more likely to provide political elites with the means closely to control civil society. It is essential, therefore, to locate conceptions of judicial independence and the rule of law more generally within the ideological vocabulary of the state.

The Creation of the Rule of Law and the Legitimacy of Property Rights

Author : Karla Ruth Hoff,Joseph E. Stiglitz
Publisher : World Bank Publications
Page : 50 pages
File Size : 52,6 Mb
Release : 2005
Category : Economia en transicion
ISBN : 8210379456XXX

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The Creation of the Rule of Law and the Legitimacy of Property Rights by Karla Ruth Hoff,Joseph E. Stiglitz Pdf

"How does the lack of legitimacy of property rights affect the dynamics of the creation of the rule of law? The authors investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is possible, that those who have "stolen" assets cannot be fully protected under a change in the legal regime towards rule of law, and that the number of agents with control rights over assets is large. They show that a demand for broadly beneficial legal reform may not emerge because the expectation of weak legal institutions increases the expected relative return to stripping assets, and strippers may gain from a weak and corrupt state. The outcome can be inefficient even from the narrow perspective of the asset-strippers."

Developing Commercial Law in Transition Economies

Author : Gray,W. Cheryl Gray
Publisher : Unknown
Page : 128 pages
File Size : 50,9 Mb
Release : 1999
Category : Electronic books
ISBN : OCLC:847567948

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Developing Commercial Law in Transition Economies by Gray,W. Cheryl Gray Pdf

November 1995 Three things are essential to implement decentralized legal frameworks in any setting: reasonable laws, adequate institutions, and market-oriented incentives. The problem in transition economies is that all three must to a large extent be built from scratch. The question to ask at any point in time is not whether there is rule of law, but whether the country is moving in the right direction along all three dimensions. Implementing decentralized legal frameworks requires reasonable laws, adequate institutions, and market-oriented incentives. All three must exist together. Laws or institutions without each other or without a supportive framework of incentives are likely to lie dormant, while incentives by themselves will be frustrated without a reasonable legal framework and institutions to support and enforce them. Developing any of these elements is a major challenge, and progress along all three takes time. In transition economies, not only must new laws be drafted (a daunting task yet perhaps the easiest of the three) but they must be accompanied by the growth of supportive institutions (including formal judicial institutions and the watchdog institutions that we almost take for granted in advanced market economies). And they must be accompanied by economic reforms -- whether privatization (particularly with outside owners) or banking reforms -- that separate actors from the state and reinforce market-based incentives. Gray and Hendley use two case studies -- Hungarian bankruptcy law and Russian company law -- to illustrate the interaction of these three elements in practice. These cases illustrate their general view that Central Europe is somewhat further along on all three dimensions than Russia. Russia is not advanced in the development of either laws or institutions, among other reasons because it lacks Hungary's pre-war legacy of a legal tradition (Russia having never been a society or an economy ruled fundamentally by law) and because it launched economic reform much later. As for incentives, in both countries relevant actors exert weaker demand for proper implementation of the laws on the books -- weaker demand that there be stable rules of the game -- than one would expect in more mature market economies. The cases belie any simplistic notion that the rule of law can be mechanically dictated from above. Top-down reform of bankruptcy law in Hungary appears to have been at least marginally successful in changing expectations and behavior, partly because it stimulated the growth of new supporting institutions. It might have been more successful if other areas of government policy had created more complementary incentives, particularly in banks. Top-down reform of company law in Russia has had little impact to date on either institutional development or firm behavior. This paper -- a product of the Transition Economics Division, Policy Research Department -- was prepared for the John M. Olin Lecture Series at Harvard University.

Recharacterizing Restructuring

Author : Kerry Rittich
Publisher : BRILL
Page : 335 pages
File Size : 44,9 Mb
Release : 2002-10-01
Category : Law
ISBN : 9789047403197

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Recharacterizing Restructuring by Kerry Rittich Pdf

In the last decade, market-centered economic reforms have been implemented in a wide range of developing and transitional countries under the auspices of the international financial institutions. Whether or not they deliver the promised prosperity, they appear to be associated with widening economic inequality as well as disadvantage for particular social groups, among them women and workers. Recharacterizing Restructuring argues that such effects are neither temporary nor accidental. Instead, efforts to promote growth through greater efficiency inevitably engage distributive concerns. Change in the status of different groups is connected to the process of legal and institutional reform. Part I analyzes the place of law and institutional reform in current economic restructuring policies. Through post-realist legal analysis and institutional economics, it discusses the role of background legal rules in the allocation of resources and power among different groups. Part II traces how disadvantage might result for women in the course of economic reform, through an analysis of the World Bank's proposals for states in transition from plan to market economies. It considers such foundational issues as the place of unpaid work in economic activity, as well as the gendered nature of proposals to re-organize productive activity and the role of the state.

Global Perspectives on the Rule of Law

Author : James J. Heckman,Robert L. Nelson,Lee Cabatingan
Publisher : Routledge
Page : 507 pages
File Size : 51,7 Mb
Release : 2013-03-01
Category : Law
ISBN : 9781135202668

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Global Perspectives on the Rule of Law by James J. Heckman,Robert L. Nelson,Lee Cabatingan Pdf

Global Perspectives on the Rule of Law is a collection of original research on the rule of law from a panel of leading economists, political scientists, legal scholars, sociologists and historians. The chapters critically analyze the meaning and foundations of the rule of law and its relationship to economic and democratic development, challenging many of the underlying assumptions guiding the burgeoning field of rule of law development. The combination of jurisprudential, quantitative, historical/comparative, and theoretical analyses seeks to chart a new course in scholarship on the rule of law: the volume as a whole takes seriously the role of law in pursuing global justice, while confronting the complexity of instituting the rule of law and delivering its promised benefits. Written for scholars, practitioners, and policy-makers, Global Perspectives on the Rule of Law offers a unique combination of jurisprudential and empirical research that will be provocative and relevant to those who are attempting to understand and advance the rule of law globally. The chapters progress from broad questions regarding current rule of development efforts and the concept of rule of law to more specific issues pertaining to economic and democratic development. Specific countries, such as China, India, and seventeenth century England and the Netherlands, serve as case studies in some chapters, while broad global surveys feature in other chapters. Indeed, this impressive scope of research ushers in the next generation of scholarship in this area.

The Legal Framework for Private Sector Development in a Transitional Economy

Author : Anonim
Publisher : World Bank Publications
Page : 38 pages
File Size : 47,6 Mb
Release : 1991
Category : Commercial law
ISBN : 8210379456XXX

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The Legal Framework for Private Sector Development in a Transitional Economy by Anonim Pdf

Poland is rapidly developing a reasonable legal framework to support its transition to a market economy. Yet legal practice lags behind. Precedent and expertise must be built through training and experience.

After the Big Bang?

Author : Karla Ruth Hoff,Joseph E. Stiglitz
Publisher : World Bank Publications
Page : 60 pages
File Size : 44,5 Mb
Release : 2002
Category : Economics
ISBN : 8210379456XXX

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After the Big Bang? by Karla Ruth Hoff,Joseph E. Stiglitz Pdf

With the collapse of comm ...

Developing Commercial Law in Transition Economies

Author : Cheryl Williamson Gray,Kathryn Hendley
Publisher : World Bank Publications
Page : 56 pages
File Size : 50,9 Mb
Release : 1995
Category : Commercial law
ISBN : 8210379456XXX

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Developing Commercial Law in Transition Economies by Cheryl Williamson Gray,Kathryn Hendley Pdf

Constitutions, Markets and Law

Author : Stefan Voigt,Hans-Jürgen Wagener
Publisher : Edward Elgar Publishing
Page : 392 pages
File Size : 55,8 Mb
Release : 2002
Category : Business & Economics
ISBN : STANFORD:36105111845793

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Constitutions, Markets and Law by Stefan Voigt,Hans-Jürgen Wagener Pdf

Papers from a workshop held at the Institute for Advanced Study, in Berlin, 2000.

Legal Developments in China

Author : Guiguo Wang,Zhenying Wei
Publisher : Unknown
Page : 448 pages
File Size : 53,9 Mb
Release : 1996
Category : Banks and banking
ISBN : STANFORD:36105061900085

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Legal Developments in China by Guiguo Wang,Zhenying Wei Pdf

This publication addresses the legal changes significant to the formative years of a Chinese market economy. Conference papers written by academics from China and Hong Kong examine all aspects of the transition, fr om an analysis of the market's current condition to the effectiveness of consumer rights and the issues raised by corruption. Combining a balanced overview with informed critical insight, the book provides a thorough understanding of all legal reforms and the consequences for China's future economic condition

Towards a Market Economy

Author : Pierre Dhonte,Ishan Kapur
Publisher : International Monetary Fund
Page : 22 pages
File Size : 55,6 Mb
Release : 1997
Category : Business & Economics
ISBN : UCSD:31822026268888

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Towards a Market Economy by Pierre Dhonte,Ishan Kapur Pdf

A secure economic environment is critical to sustained growth in a market economy. This paper argues that such an environment requires the existence of effective laws and institutions, including the government, which must ensure that there is freedom of entry into the market, access to relevant information, and the security of contracts. 2 Thus, "good" governance promotes the creation and maintenance of these conditions in a rules-based system. Historical experience suggests that establishing a secure environment, notably in developing and transition economies, involves complex, far-reaching and protracted social change. Consequently, economic policy prescriptions regarding governance should be highly selective and devoid of moral judgements

Rule Of Law In China: Progress And Problems

Author : Lin Li
Publisher : World Scientific
Page : 496 pages
File Size : 49,6 Mb
Release : 2020-04-28
Category : Law
ISBN : 9789811210969

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Rule Of Law In China: Progress And Problems by Lin Li Pdf

This book comprehensively introduces the development of rule of law and law-based governance in China. Through theoretical interpretation, background analysis and empirical analysis of several key issues, this book answers why and how China promotes its rule of law and how the country identifies major challenges of promoting rule of law. It also looks at how China solves its problems in the process of practicing socialist rule of law.

The Rule Of Law And Economic Reform In Russia

Author : Jeffery Sachs
Publisher : Routledge
Page : 242 pages
File Size : 44,6 Mb
Release : 2019-05-20
Category : History
ISBN : 9780429975509

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The Rule Of Law And Economic Reform In Russia by Jeffery Sachs Pdf

What impact has Russia's chosen path of reform had on the development of law after the collapse of the communist regime? This collection of essays examines how Russia's distinctive traditions of law-and lawlessness-are shaping the current struggle for economic reform in the country. Nine renowned scholars, chosen from specialties in history, politi