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

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  • Renis Zaganjori

Abstract

This paper analyses the growth of Asian economies through its export-led industrialisation policies. Such growth has been uniquely achieved without greater reliance to law, which the neoliberal approach considers integral to development. Among others, this approach relies on private laws for the protection of property and contractual rights for the efficient and smooth functioning of the market where the state has little or no intervention. In this regard, the paper discusses the role of law in development and economic growth. It is submitted that the instrumental use of law and active state intervention in the Asian examples considered in this paper raises significant doubts on the necessity of law for economic growth.

Suggested Citation

  • Renis Zaganjori, 2018. "Asian-style export-led growth and the role of law," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 18, pages 133-139, February.
    • Handle: RePEc:etc:journl:y:2018:i:18:p:133-139
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    References listed on IDEAS

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    1. Arta Musaraj, 2012. "Tourism development, touristic local taxes and local human resources: A stable way to improve efficiency and effectiveness of local strategies of development," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 6, pages 41-46, June.
    2. Martian Iovan, 2014. "Eco-Education: A Required Element of Public Policies for Sustainable Social and Economic Development," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 9, pages 14-28, January.
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