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Legal Reform and Business Contracts in Developing Economies - Trust, Culture, and Law in Dakar (Paperback)
Loot Price: R1,403
Discovery Miles 14 030
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Legal Reform and Business Contracts in Developing Economies - Trust, Culture, and Law in Dakar (Paperback)
Series: Cultural Diversity and Law
Expected to ship within 12 - 17 working days
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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 actual
impact of the OHADA program of law reform on local business
practices. Focusing on how managers make decisions and apply
appropriate norms in routine business operations, the book
documents how contractual disputes arise and are solved in Dakar
and the role played by formal law in these processes. By examining
imported law from the point of view of the end-users of legal
reforms, the book reveals the complex relationship between formal
law, local cultural norms and the activities of SMEs operating in
developing economies, and calls for a reconsideration of current
law and development theory as well as the role of contract law in
business decisions. It will be relevant to all developing countries
seeking to align their laws with 'best practice' as identified by
aid institutions.
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