Law, Market, and Marketization

1 University of Bologna Law Review (issue 2) 166

19 Pages Posted: 17 Aug 2017

See all articles by Robin Paul Malloy

Robin Paul Malloy

Syracuse University College of Law

Date Written: Jan 15, 2017


Marketization is a process occurring in many transitional economies as countries seek to adjust their legal systems to facilitate broader market participation while expanding global trade. This essay sets out one way of understanding this process by focusing on the relationship among, law, markets, and marketization. It identifies and explains basic legal requirements for marketization and links these to a need to transform legal thinking by integrating a greater understanding of economics into both law and public policy.

Keywords: law and economics, markets, marketization, rule of law, property

JEL Classification: law and economics, law and markets, rule of law, property

Suggested Citation

Malloy, Robin Paul, Law, Market, and Marketization (Jan 15, 2017). 1 University of Bologna Law Review (issue 2) 166, Available at SSRN:

Robin Paul Malloy (Contact Author)

Syracuse University College of Law ( email )

Syracuse, NY 13244-1030
United States
315-443-3559 (Phone)
315-443-4141 (Fax)

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