"CRITICAL ANALYSIS OF ECONOMIC DEVELOPMENT AND INCLUSIVE LEGAL SYSTEM"

  • Aashi Rajvaidya

Abstract

Modern social theory has focused on the relationship between the legal system and progress. This paper investigates whether the legal system intended our economic development. The premise that a better legal system will assist promote economic growth, which will in turn build constituencies for democratic reforms, is a staple of development policy literature. However, empirically demonstrating causal links between the judiciary and political liberalization has been challenging. Legal reforms that are narrowly focused on improving the enforcement of property rights and contract law may be beneficial to increased trade and investment, but we still don't have a lot of information on those links. Our findings indicate that countries have actively reformed their legal systems, In this research, we have mentioned some such laws and some acts that the government has introduced. Even after introducing it, somewhere our economy is not on the right way of development. It seems that improvements in these legal rules are not sufficient Conditions for that. Finally, we perform an exploratory investigation on government reforms and the gap between those reforms and economic development. Keywords: Economic development, Legal sector, Acts, Role of legal system.
How to Cite
Aashi Rajvaidya. (1). "CRITICAL ANALYSIS OF ECONOMIC DEVELOPMENT AND INCLUSIVE LEGAL SYSTEM". ACCENT JOURNAL OF ECONOMICS ECOLOGY & ENGINEERING ISSN: 2456-1037 IF:8.20, ELJIF: 6.194(10/2018), Peer Reviewed and Refereed Journal, UGC APPROVED NO. 48767, 6(6), 46-51. Retrieved from http://www.ajeee.co.in/index.php/ajeee/article/view/2013