Law, Market and Marketization

Robin Paul Malloy

Abstract


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

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DOI: 10.6092/issn.2531-6133/6356

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Copyright (c) 2016 Robin Paul Malloy

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