Правовые системы и развитие экономики: частные примеры и общие выводы

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Authors: Andrey M. Lushnikov
Cited by: 0
References: 1

Abstract

This article presents the author's analysis of the impact of legal systems on the economies of individual countries. It summarizes the views of several authoritative scholars in the humanities (N. Ferguson et al.) and assesses practical cases of reform, primarily of judicial systems, aimed at aligning them with free market demands. Specifically, it analyzes scholarly perspectives both theoretically and in defining a list of practical measures, for example, in accordance with the 1989 Washington Consensus. It is argued that the lack of a comprehensive set of measures to reform the legal system (with a one-sided emphasis on protecting property rights) can lead to the failure of economic reforms. The conclusion is that any legal system has a significant impact on the economy; however, the superiority of any one system cannot be definitively asserted outside the overall context of legal regulation and other key social relations.

Fields of Study & Subjects

Law Economics and Judicial Systems Legal and Constitutional Studies Economic Theory and Institutions

Publication details

Journal / source
Demidov Law Journal
Volume
16
Issue
1
Pages
6–17
Publication date
4 March 2026
Language
EN