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Transition or development?

Author

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  • Ioannis Glinavos

    (City-Educational Trust Lecturer, Kingston University, United Kingdom. E-mail: i.glinavos@kingston.ac.uk)

Abstract

This article enquires into the implications the modern literature on economic development emanating from international institutions has for law reform and the role of the state in the economy. The main question asked is whether regulation has a uniform role in all reform contexts or whether there is a difference between the roles for law in the transition to a market economy as opposed to the promotion of general development. While transition, it is suggested, requires a more limited role for law, development necessitates a more thorough involvement of the state in the reform process. Nevertheless, there is evidence to suggest that a minimal role for regulation focused on market promotion required by ‘transition type’ reforms is adopted across the board and still applied to different development scenarios. This is a worrying finding because it contradicts the emerging consensus that the promotion of development – which encompasses political, social, and economic aspects – necessitates a wider role for law.

Suggested Citation

  • Ioannis Glinavos, 2010. "Transition or development?," Progress in Development Studies, , vol. 10(1), pages 59-74, January.
    • Handle: RePEc:sae:prodev:v:10:y:2010:i:1:p:59-74
    DOI: 10.1177/146499340901000104
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    References listed on IDEAS

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    1. Ioannis Glinavos, 2008. "Neoliberal Law: unintended consequences of market-friendly law reforms," Third World Quarterly, Taylor & Francis Journals, vol. 29(6), pages 1087-1099.
    2. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    3. Kikeri, Sunita & Kenyon,Thomas & Palmade, Vincent, 2006. "Reforming the investment climate : lessons for practitioners," Policy Research Working Paper Series 3986, The World Bank.
    4. Sunita Kikeri & Thomas Kenyon & Vincent Palmade, 2006. "Reforming the Investment Climate : Lessons for Practitioners," World Bank Publications - Books, The World Bank Group, number 7096.
    5. Ha-Joon Chang, 2002. "Breaking the mould: an institutionalist political economy alternative to the neo-liberal theory of the market and the state," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 26(5), pages 539-559, September.
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    Cited by:

    1. Ichiro Iwasaki & Taku Suzuki, 2016. "Radicalism Versus Gradualism: An Analytical Survey Of The Transition Strategy Debate," Journal of Economic Surveys, Wiley Blackwell, vol. 30(4), pages 807-834, September.

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