China's economic success and trade expansion since the 1980s is one of the most important economic achievements, which lifted more populations out of extreme poverty than any other time and place in history. This achievement has been made possible by trade-led development policies successfully...

This paper examines the role of the law in state capitalism and assesses the law's impact. The law forms the regulatory frameworks in which the state participates in the economy and attempts to regulate the manner and extent of such participation. The law is both a facilitator and a regulator of...

Political stability is an important precondition for economic development. While political stability cannot be created by laws alone, an effective legal framework for political governance, such as a constitution, can facilitate political stability. It is noted that political stability is not...

Sustainable development, a new consensus on international development that aims to protect the environment and resources for future generations, is currently promoted on a global scale, as demonstrated by the United Nation's Sustainable Development Goals (SDGs). Sustainable development is an...

In March 2018, the United States enacted tariff increases on a vast range of imported steel and aluminum products. The Trump administration cited national security concerns as the justification, claiming an exception under GATT Article XXI. In response to these tariffs, several WTO Members,...

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 decades,...

“Law and Development: Forty Years after ‘Scholars in Self-Estrangement'” by David Trubek provides an account of the state of law and development and its growth for the past four decades. This note provides a comment on this account and proposes the way forward for law and development studies

Economic development, which refers to the process of progressive transformation of an economy, is a multifaceted term without a universal definition. This article presents the constitutive elements of economic development, such as growth, distribution, and innovation. Economic development has...

South Korea has achieved unprecedented economic and social development in history. This country, which had been among the poorest in the world until the early 1960s, became one of the world's leading economies by the mid-1990s as demonstrated by high per-capita income and world-class industries....

Although scholarship in law and development which explores the relationship between law and social and economic progress has evolved over the last four decades, this area of inquiry remains unfamiliar to many legal scholars, lawyers, and policy makers. Scholars have not yet been able to develop...