Law matters: Understanding the relationship between Law (as sets of institutions and processes) and economic development is essential in order to design growth facilitating legal systems. Up to recently, economists have prescribed liberalization and privatization (basically, the so-called Washington Consensus) that brought policy makers to adopt, worldwide, a one size fit all approach to regulation. It was strongly believed that globalized economies called for similarly designed regulations.

This in turn brought about discontents and dissatisfaction for a number of reasons. In search of new methods to favor growth and social development, looking again at the how institutions play a critical role in determining successful development is thus fundamental.

Looking into the different schools of thoughts that have existed, from the 19th century to the 20th century, before being overtaken by Law and Economics, we will look into the rule of law, enforcement, contracts and property to identify the relationship between Law and Development.

Building on Law and Economics, and comparative law for illustration, the lectures will end with a specific case study on comparative corporate governance. (1 Credit)

Semester

Fall 2017

Instructor(s)

Arnaud Raynouard

Academic Area(s)

Corporate & Commercial Law

International & Comparative Law