Abstract
The article uses the case of Japan to argue that the theory of open access order advocated by North and his colleagues goes beyond what is necessary. Although their theory of open access order explains the West relatively well, it does not always apply to contemporary non-Western countries. Similar to the case of India examined elsewhere, the case of Japan reveals that what is more important to economic and human development is the open access in the economic sphere and the interconnected institutions in the areas of property rights protection and contract enforcement, financial market, rule of law, and human resource accumulation. In other words, countries without open access in the political sphere may also be able to achieve a great deal of success in terms of economic and human development if they ensure open access in the economic sphere and devote adequate resources to establishing the necessary interconnected institutions examined in this article. Further research elsewhere on Singapore and China will shed more light on this debate.
Acknowledgments
I thank Stephen D. Mau for his excellent editing.
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© 2018 Law and Development Review
Artikel in diesem Heft
- Frontmatter
- The Quest for Operational Priorities: Areas in Need of Strategic Development Intervention
- Path Dependence, Abnormal Times and Missed Opportunities: Case Studies of Catastrophic Natural Disasters From India and Nepal
- The Role of Regional Courts in the Development of International Investment Law: The Case of NAFTA Chapter 11 Dispute Settlement Framework and ECtHR
- Procedural Delay in the Developing Middle East
- The Failure of Nigeria’s Economic and Financial Crimes Commission (establishment etc.) Act 2004 as a Development Act
- Open Access in the Economic Sphere or the Political Sphere: Evidence from Japan
- Reintegrating the Legal into the Social: Reviving Islamic Transactional Law in the Context of the Civil Economy, with Special Reference to Waqf
Artikel in diesem Heft
- Frontmatter
- The Quest for Operational Priorities: Areas in Need of Strategic Development Intervention
- Path Dependence, Abnormal Times and Missed Opportunities: Case Studies of Catastrophic Natural Disasters From India and Nepal
- The Role of Regional Courts in the Development of International Investment Law: The Case of NAFTA Chapter 11 Dispute Settlement Framework and ECtHR
- Procedural Delay in the Developing Middle East
- The Failure of Nigeria’s Economic and Financial Crimes Commission (establishment etc.) Act 2004 as a Development Act
- Open Access in the Economic Sphere or the Political Sphere: Evidence from Japan
- Reintegrating the Legal into the Social: Reviving Islamic Transactional Law in the Context of the Civil Economy, with Special Reference to Waqf