Asian-style export-led growth and the role of law
Asian-style export-led growth and the role of law

Summary/Abstract: This paper analyses the growth of Asian economies through its export-ledindustrialisation policies. Such growth has been uniquely achieved without greaterreliance to law, which the neoliberal approach considers integral to development.Among others, this approach relies on private laws for the protection of property andcontractual rights for the efficient and smooth functioning of the market where thestate has little or no intervention. In this regard, the paper discusses the role of law indevelopment and economic growth. It is submitted that the instrumental use of lawand active state intervention in the Asian examples considered in this paper raisessignificant doubts on the necessity of law for economic growth.

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