The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
Yezid Sayigh
REQUIRED IMAGE
As governments and donor agencies struggle over questions of aid and international development, a growing consensus is emerging that there is an explicit link between rule of law reform and sustainable growth.
As governments and donor agencies struggle over questions of aid and international development, a growing consensus is emerging that there is an explicit link between rule of law reform and sustainable growth. However, this new rule of law orthodoxy ignores evidence that the formalist rule of law advocated by the World Bank and other donors does not necessarily exist in the developed world. Moreover, attempting to transplant a common template of institutions and legal rules into developing countries without attention to indigenous contexts harms preexisting mechanisms for dealing with issues such as property ownership and conflict resolution.
About the Author
Frank Upham is professor of law at New York University School of Law and a specialist in comparative law. He is the author of Law and Social Change in Postwar Japan.
A limited number of print copies are available.
Request a copy.
Frank Upham
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
Yezid Sayigh
Morocco and Algeria, each in its own way, are having to navigate the global economic fallout of the U.S.-Israeli military campaign against Iran.
Yasmine Zarhloule
In an interview, Ishac Diwan looks at the merits and flaws in the draft legislation distributing losses from the financial collapse.
Michael Young
Mustaqbal Misr has expanded its portfolio with remarkable speed, but a lack of transparency remains.
Yezid Sayigh
Arab diaspora business communities in Egypt often mirror the same systemic challenges facing Egyptian businesses.
Nur Arafeh, Yezid Sayigh, Qaboul al-Absi, …