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Assessing the Value of Law in Transition Economies
Book
Peter Murrell
May 2001 |
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What is the value of law in countries in transition? Which legal and institutional reforms work? How do they work? Why are they successful? This forthcoming volume addresses these important questions. Both empirical analysis and theory are used to examine how law and legal institutions work in the countries of Eastern Europe and the former Soviet Union that are in the midst of revolutionary change away from centrally-planned socialism. Lessons from a variety of economic and legal settings illustrate the channels through which legal, institutional, and regulatory reforms affect economic transition. For example, pathways through which legal reforms change economic activity at the level of the individual actor-the shopkeeper, the lawyer, the enterprise, the regulatory authority, and the bureaucrat-are identified.
The authors of the essays in this volume, presented at the IRIS Center research conference held in March 1999, examine the role that legal and institutional measures have played in the reform programs implemented in the last decade. They ask whether law can be effective in this rapidly changing and often chaotic environment, what factors determine the success of legal and institutional reform, and how law adds value to economic progress. In light of the increasing emphasis among academics and policy makers on the role of institutions, it is an especially opportune moment to study the effects of law on transition economies.
Ordering Information: This book is available from the University of Michigan press at http://www.press.umich.edu/titles/09763.html |
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| Last updated on: 3/23/2006 |
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