LLM Comparative Law and Development in a Globalized Economy

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.