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... > social science subjects > criminology and criminal justice > criminology > law and society > law and economics > law and economic development
... > social science subjects > politics and international relations > political science > law and courts > law and society > law and economics > law and economic development
... > social science subjects > politics and international relations > political science > ideologies > libertarianism > libertarianism and policy > law and economics > law and economic development
... > social science subjects > business and management > organization studies > organization studies encyc > approaches to organization theory > organizational economics > law and economics > law and economic development
... > social science subjects > business and management > organization studies > organization studies encyc > organizational economics > law and economics > law and economic development

Preferred term

law and economic development  

Definition

  • The modernization of economic life entails increasingly complicated interactions among individuals and organizations at national and international levels. Furthermore, the mix of deregulation and the privatization of state enterprises undertaken in many developing countries, coupled with an intensified international trade of complex goods and services, has increased the need for legal frameworks with clear rules for economic interaction. [Source: Encyclopedia of Law & Society: American and Global Perspectives; Economic Development, Law And]

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https://concepts.sagepub.com/social-science/concept/law_and_economic_development

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