Legal Reform and Business Contracts in Developing Economies b... - 9781409444886

Taylor & Francis

Taking a new approach by examining the impact of the transferability of law on end-users and by focussing on how appropriate norms are applied in specific situations, the book documents how contractual disputes arise and are solved and calls for a reconsideration of current law and development theory as well as the role of contract law in business decisions. It is relevant to all developing countries seeking to align their laws with \u2019best practice\u2019 as identified by aid institutions. > This book examines the prospects for business law reform to drive economic development in developing countries. It argues that, despite statements to the contrary, cultural factors and other local conditions in developing countries are not properly taken into account in current business law reform programs. Utilizing the city of Dakar as an example, this book investigates the consequences of this lack of fit between local needs and transplanted legal models by examining the potential and ac.