Globalization, Law and Development: Introduction and Overview

12 Pages Posted: 13 May 2005

See all articles by Michael S. Barr

Michael S. Barr

University of Michigan Law School; University of Michigan at Ann Arbor - Gerald R. Ford School of Public Policy; University of Michigan, Center on Finance, Law, and Policy

Reuven S. Avi-Yonah

University of Michigan Law School

Abstract

Most observers would agree that globalization can in principle be a positive phenomenon and aid human development even if they disagree about the extent to which the current wave of globalization has in fact been helpful. A key issue in these debates is the extent to which globalization widens or narrows the gap between the developed nations and the developing world, or at least significantly improves the lot of the developing world even if it does not narrow the gap. To the extent globalization helps bring developing countries up to the standards of developed countries' life expectancy, health, education, and overall prosperity, most would agree that it should be viewed positively.

The debate has therefore focused primarily on how globalization can be managed in a way that helps development. The role of law in development has become a key focus of this debate in recent years. Yet stale discussion about the importance of law in development from a generation ago has largely given way to richly textured debates about what forms of what law, public administration, enforcement, and other institutions, developed where and by whom, might improve economic growth how, and for whom. The papers in this issue [26 Michigan Journal of International Law 1 (2005)] were written for a conference that we convened at the University of Michigan Law School in April, 2004 to address these issues. We invited a number of experts from a variety of disciplines to discuss issues related to the links between globalization, development, and law. We summarize the articles and remarks, and the offer some observations.

Keywords: Banking, Financial Institutions, Regulation, Law & Economics, Development, Economics

JEL Classification: D10, D60, G21, I38, K20, O16

Suggested Citation

Barr, Michael S. and Avi-Yonah, Reuven S., Globalization, Law and Development: Introduction and Overview. Michigan Journal of International Law, Vol. 26, 2005. Available at SSRN: https://ssrn.com/abstract=722615

Michael S. Barr (Contact Author)

University of Michigan Law School ( email )

625 South State Street
Ann Arbor, MI 48109-1215
United States
734-936-2878 (Phone)
734-936-7514 (Fax)

University of Michigan at Ann Arbor - Gerald R. Ford School of Public Policy ( email )

735 South State Street
4th Floor
Ann Arbor, MI 48109
United States

University of Michigan, Center on Finance, Law, and Policy ( email )

735 S. State Street, Suite 5211
Ann Arbor, MI 48109
United States

Reuven S. Avi-Yonah

University of Michigan Law School ( email )

625 South State Street
Ann Arbor, MI 48109-1215
United States
734-647-4033 (Phone)

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