Download or read book Law and Development written by Frank H. Stephen and published by Edward Elgar Publishing. This book was released on 2018 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book draws on the analytical framework of New Institutional Economics (NIE) to critically examine the role which law and the legal system play in economic development. Analytical concepts from NIE are used to assess policies which have been supported by multilateral development organisations including securing private property rights, reform of the legal system and financial development. The importance of culture in shaping the legal environment, which in turn influences financial sector development, is also assessed using Oliver Williamson’s ‘levels of social analysis’ framework.