Abstract

http://ssrn.com/abstract=949467
 
 

References (29)



 
 

Citations (5)



 


 



Ethnic Networks, Extralegal Certainty, and Globalisation: Peering into the Diamond Industry


Barak D. Richman


Duke University - School of Law

February 27, 2008

LEGAL CERTAINTY BEYOND THE STATE, Volkmar Gessner, ed., Hart Publishing, Forthcoming
Duke Law School Legal Studies Paper No. 134

Abstract:     
For nearly one millenium, the diamond industry's distribution system remained largely unchanged. Ethnic networks, predominated by Jewish merchants, managed the downstream distribution system. Since state courts are unable to reliably enforce executory contracts for diamond sales, these networks succeeded because their community institutions were able to assert extralegal governance. But recent trends in the globalisation of commerce have introduced pressures that might cause the one thousand year-old system to unravel. Low-wage workers from India have displaced higher wage western merchants, consumer demands for political oversight has brought scrutiny to previously secretive networks, and the profitability of global branding campaigns has enabled DeBeers to implement a vertically integrated business strategy that skips the middleman and sells directly to consumers. Since these pressures represent the paradigmatic forces of globalisation, examining changes in the diamond industry offers insights both into the future of ethnic exchange and into globlisation itself.

Number of Pages in PDF File: 20

Accepted Paper Series


Download This Paper

Date posted: December 5, 2006 ; Last revised: August 3, 2012

Suggested Citation

Richman, Barak D., Ethnic Networks, Extralegal Certainty, and Globalisation: Peering into the Diamond Industry (February 27, 2008). LEGAL CERTAINTY BEYOND THE STATE, Volkmar Gessner, ed., Hart Publishing, Forthcoming; Duke Law School Legal Studies Paper No. 134. Available at SSRN: http://ssrn.com/abstract=949467

Contact Information

Barak D. Richman (Contact Author)
Duke University - School of Law ( email )
Box 90360
Duke School of Law
Durham, NC 27708
United States
919-613-7244 (Phone)
919-613-7231 (Fax)
Feedback to SSRN


Paper statistics
Abstract Views: 1,622
Downloads: 384
Download Rank: 40,669
References:  29
Citations:  5

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo6 in 0.312 seconds