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2 - Law and Political Economy

A New Paradigm

from Part I - Economic Development and the Role of Law

Published online by Cambridge University Press:  10 August 2023

Tamar Groswald Ozery
Affiliation:
Hebrew University of Jerusalem
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Summary

Chapter 1 unpacks the traditional framework that shapes how scholars and policymakers think of corporate governance and its role in financial development and market growth. It reviews the main strands of literature that have nourished legal scholarship in the field of economic development law and development studies and the new institutional economics tradition. It describes how these strands connect with the main theories underlying scholarship on corporate governance and financial market development and explains that the literature highlight the importance of investor protection for the growth and development of markets.

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Law and Political Economy in China
The Role of Law in Corporate Governance and Market Growth
, pp. 16 - 28
Publisher: Cambridge University Press
Print publication year: 2023

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