The law-growth nexus : the rule of law and economic development /
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| Author / Creator: | Dam, Kenneth W. |
|---|---|
| Imprint: | Washington, D.C. : Brookings Institution Press, ©2006. |
| Description: | xii, 323 pages ; 24 cm |
| Language: | English |
| Subject: | |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/6162428 |
Table of Contents:
- Foreword
- Acknowledgments
- Why This Book?
- Neo and Other Economics
- Stages in Economic Development Thinking
- Legal Institutions: The Law and Finance Literature
- The Dual Aims of This Book
- Economic Regulation and Corruption
- Economic Growth: The Big Picture
- Part I. Perspectives on Law and Economic Development
- 1. Where Does the Rule of Law Fit in Economic Development?
- The Content of the Rule-of-Law Concept
- What Is the Problem that a Rule-of-Law Approach Addresses?
- The Role of Foreign Assistance
- Some Preliminary Questions about Institutions
- An Advance Look at Some Conclusions
- 2. Legal Institutions, Legal Origins, and Governance
- Common Law
- Civil Law
- Legal Origins as a Theory of Development
- Preliminary Questions
- Some Anomalies
- Legal Origins and Public Law
- Governance as an Alternative Theory
- 3. Competing Explanations
- Geography
- Culture
- Values and Cultural Regions
- Legal Culture
- 4. Institutions and History
- Early European Substitutes for the Rule of Law: Boycotts and Reputation
- The Nation-State
- Predation and the Rule-of-Law Dilemma
- Legal Evolution in England
- Assessing the Glorious Revolution
- Constitutions
- Nonconstitutional Elements of the Rule of Law
- Part II. Enforcement, Contracts, and Property
- 5. Judiciary
- An Effective Judiciary: The Question of "Formalism"
- Judicial Efficiency
- Court Decisions as Law
- Structural Independence
- Behavioral Independence
- Administrative Review
- Legal Origins and Independence of the Judiciary
- 6. Contracts and Property
- Long-Term Contracts
- The Relation of Contracts to Property
- Property
- 7. Land
- Legal Uncertainty
- Urban Real Estate
- Sources of Legal Uncertainty
- Issues in Titling
- Transferability: Precedents and Problems
- Implementation Problems
- Communal Land
- Another Look at History
- From Communal Property to Individual Property
- Part III. The Financial Sector
- 8. Equity Markets and the Corporation
- The Corporation in Historical Perspective
- Advantages of the Corporation Today
- Legal Origins Analysis of Equity Markets
- Corporate Governance
- Dual Class Shares and Pyramids
- The Blockholder Phenomenon
- Legal Protection
- Securities Laws
- 9. Credit Markets, Banks, and Bankruptcy
- The Role of Banks
- Directed Lending, Crony Capitalism, and Related Lending
- The Relationship of Creditors Rights and Bankruptcy
- Secured Credit
- The Relevance of Legal Origin
- Economic Development, Law and Finance, and Legal Origin
- Culture and Religion
- What Is Meant by a Common Law Origin in Creditors Rights?
- U.S. Corporate Reorganization Practices
- A Survey of Developing Countries
- Policy Implications
- Credit Registries
- Part IV. A Review of Some Key Themes
- 10. The Implications of a Rule-of-Law Approach to Economic Development
- Implementing an Institutional Approach
- Law and Finance: A Reprise
- The Judiciary
- Equity Markets
- Credit Markets
- A Personal Caveat
- A Parting Challenge
- 11. China as a Test Case
- China's Ranking on a Law and Finance Scale
- World Bank Rankings
- The Chinese Economy: Is a Slowdown in Growth Ahead?
- A Closer Look at the Chinese Growth Record
- Enforcement and the Chinese Judiciary
- The Transition in China's Economic and Legal Structure
- The Rise of Stock Exchanges and Securities Regulation
- Corporate Governance
- Credit Markets
- Legal and Institutional Reform
- Guided Evolution?
- References
- Index