Prepare Your Indicators: Economics Imperialism on the Shores of Law and Development
International Journal of Law in Context, Vol. 7, No. 4, 2011
Posted: 2 Dec 2010 Last revised: 30 Sep 2011
Date Written: November 30, 2010
This paper explores the influence of economics on the demand for, and deployment of, indicators in the context of the World Bank’s investment climate campaign. This campaign is characterised by an emphasis on marketization, mathematization and quantification, which are respectively the normative, analytical and empirical approaches-of-choice in mainstream economics. The paper concludes that economics generally, and indicators in particular, have brought a certain discipline and energy to the field of law and development. But this ‘progress’ has often been at the expense of non-economic values and interests, and even of our ability to mourn their loss.
Keywords: indicators, economics imperialism, World Bank, investment climate
JEL Classification: A11
Suggested Citation: Suggested Citation