Can We Rank Legal Systems According to Their Economic Efficiency ? Can We
نویسندگان
چکیده
The issue of the impact of Law – especially Business Law – on the economy and especially on growth, has became the topic of hot debates over the last decades, within the academia as well as among policy makers, particularly in the development agencies community. For the latter, this interest grew out of some disillusion, in the 1980’s, over the effect of structural adjustment policies that have led development agencies to focus on the implementation of structural reforms, which rapidly introduced in the picture the need to reform institutions and particularly the legal framework. The issue became particularly high on the agenda with private foreign direct investments overriding public aid: how could countries attract foreign investments without appropriate institutions for providing guarantees to investors?
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