Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63605
Authors: 
Woo-Cumings, Meredith
Year of Publication: 
2006
Series/Report no.: 
Research Paper, UNU-WIDER, United Nations University (UNU) 2006/53
Abstract: 
This paper examines the literature on the rule of law and economic development, and in particular the influential argument by La Porta et al., on the superiority of the Anglo- American common law system in fostering financial development. In this paper I show that however compelling their argument might be, legal traditions and institutions do not determine the nature of the state, nor its likely role in the economy—nor do they critically determine the course of economic development. I build my case by examining the real and informal mechanisms of state intervention in the economy in East Asia. – law ; economic growth ; East Asia
JEL: 
K10
O17
O57
ISBN: 
9291908215
Document Type: 
Working Paper

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