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Global Business, Local Law - The Indian Legal System as a Communal Resource in Foreign Investment Relations (Paperback)
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Global Business, Local Law - The Indian Legal System as a Communal Resource in Foreign Investment Relations (Paperback)
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This volume establishes a theoretical framework for exploring the
role of host state legal systems (courts and bureaucracies) in
mediating relations between foreign investment, civil society and
government actors. It then demonstrates the application of that
framework in the context of the south Indian city of Bengaluru
(formerly Bangalore). Drawing on the 'law-and-community' approach
of Roger Cotterrell, the volume identifies three mechanisms through
which law might, in theory, ensure that social relations are
productive: by expressing any mutual trust which may hold actors
together, by ensuring that actors participate fully in social life
and by coordinating the differences that hold actors apart.
Empirical data reveals that each of these legal mechanisms is at
work in Bengaluru. However, their operation is limited and skewed
by the extent to which actors use, abuse and/or avoid them.
Furthermore, these legal mechanisms are being eroded as a direct
result of the World Bank's 'investment climate' discourse, which
privileges the interests and values of foreign investors over those
of other actors.
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