New Books in Economics cover image

Yong-Shik Lee, "Law and Development: Theory and Practice, 2nd edition" (Routledge, 2021)

New Books in Economics

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Navigating Development Amidst Regulatory Challenges

This chapter critiques Richard Posner's approach to economic efficiency by emphasizing the need for a more dynamic perspective that accounts for long-term development impacts. It explores the implications of liberal democracy on sustainable growth, contrasts governance models like China's, and calls for reforms within the WTO to better support developing countries. Additionally, it highlights the role of emerging technologies such as AI and the necessity of appropriate legal frameworks to balance efficiency and employment concerns.

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