Labor and Finance as Inevitably Transnational: Globalization Demands a Sophisticated and Transnational Lens

26 Pages Posted: 27 Jun 2006 Last revised: 9 Jul 2014

See all articles by Timothy A. Canova

Timothy A. Canova

Nova Southeastern University Shepard Broad Law Center

Claire Moore Dickerson

Tulane University - Law School

Katherine V.W. Stone

University of California, Los Angeles (UCLA) - School of Law

Abstract

The approach of law and economics raised the visibility of the business law curriculum in legal education. But its narrow focus on efficiency and aggregate growth failed to explain the weaknesses of the orthodox free market model. In contrast, law and socioeconomics should enrich legal education by offering more compelling descriptions of market realities while also providing the opening for richer and wider discussions about alternative reform possibilities.

Two legal fields that have acutely felt the pressures of globalization are labor and finance law. This article describes how both of these areas affect and are affected by globalization. The authors discuss the contribution of socioeconomics to our understanding of both the impacts of globalization on labor and finance, and potential responses to those impacts. They discuss the importance of consciously and explicitly recognizing the consequences of globalization and integrating socioeconomic concepts into our teaching of these areas of law.

Keywords: Labor, Finance, Transnational, Globalization, International Monetary Fund, World Bank, Portfolio Capital, Monetary Policy, Fiscal Policy, Labor

JEL Classification: B20, E12, E40, E50, E60, F30, N20, P10, E42, F32

Suggested Citation

Canova, Timothy A. and Dickerson, Claire Moore and Stone, Katherine Van Wezel, Labor and Finance as Inevitably Transnational: Globalization Demands a Sophisticated and Transnational Lens. San Diego Law Review, Vol. 41, 2004, UCLA School of Law, Law-Econ Research Paper No. 06-17, Rutgers School of Law-Newark Research Papers No. 012, Available at SSRN: https://ssrn.com/abstract=912261

Timothy A. Canova (Contact Author)

Nova Southeastern University Shepard Broad Law Center ( email )

3305 College Avenue
Ft. Lauderdale, FL 33314
United States

Claire Moore Dickerson

Tulane University - Law School ( email )

6329 Freret Street
New Orleans, LA 70118
United States

Katherine Van Wezel Stone

University of California, Los Angeles (UCLA) - School of Law ( email )

385 Charles E. Young Dr. East
Room 1242
Los Angeles, CA 90095-1476
United States

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