Introduction to 2012 LDR Special Issue (No. 1). The 2012 special issue of the Law and Development Review features articles on microtrade, which have been presented at the 2011 Law and Development Conference held in Seattle, USA.

Abstract South Korea is one of the most successful economic development cases in history. This country, stricken with crushing poverty and torn by a disastrous war two generations ago, rose from the ashes of the war and underwent unprecedented economic development for over three decades. By the...

Abstract Economic development is the term that has been associated with less developed countries in the Third World (“developing countries”), not the economically advanced countries (“developed countries”), such as the United States. However, the changing economic conditions in recent...