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International Financial Centers as a Model: Facilitating Growth and Development by Connecting to International Legal Frameworks

  • Charlotte Ku und Andrew Morriss EMAIL logo
Veröffentlicht/Copyright: 22. Juli 2021

Abstract

International financial centers (IFCs) provide means of strengthening law and regulation not only in the financial sector, but also in global governance more broadly and the contribution their legal regimes make to economic development. By demonstrating how ideas move across jurisdictions and how cross-jurisdictional structures add value, IFCs facilitate transactions in jurisdictions where local legal systems and services are not yet adequately developed or available to support economic activity. They serve as regulatory capacity builders, building networks of professionals, regulators, and judges contribute to ongoing innovation and capacity building. Their success at building legal regimes that add value and which are available to new classes of individuals and firms around the world makes them a model for using the legal system to foster economic development.


Corresponding author: Andrew Morriss, Bush School of Government & Public Service, School of Law, Texas A&M University, College Station, TX, USA, E-mail:

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Published Online: 2021-07-22
Published in Print: 2021-06-25

© 2021 Walter de Gruyter GmbH, Berlin/Boston

Artikel in diesem Heft

  1. Frontmatter
  2. Introduction
  3. Introduction: Law and Development in High-Income Countries
  4. Role of State, Law, Institutions for Economic Development
  5. Law and Development in the United States
  6. The Rule of Law and Its Social Reception as Determinants of Economic Development: A Comparative Analysis of Germany and Poland
  7. Are OECD Countries in a Rule of Law Recession?
  8. International Financial Centers as a Model: Facilitating Growth and Development by Connecting to International Legal Frameworks
  9. Migration, Poverty, the Role of State, (International) Law and Development in the Industrialised Countries of Europe
  10. Poverty and Inequality in High Income Countries and the Role of Law
  11. The Role of Law in Addressing Poverty and Inequality in High Income Countries: A Comparative View of Menstrual Hygiene Management and Its Impact on Education and Health in the UK and Select High Income Sub-Saharan African Countries
  12. International Cooperation Without Just Distributions? Beginning to Map the Role of Rising Economic Inequality in the Formation and Evolution of and Adherence to International Law
  13. Justice, Corruption, and Social Responsibility
  14. Toward Aligning with International Gender Goals? Analysis of the Gender Equality Landscape in Japan under the Laws on Women’s Economic and Political Participation and Leadership
  15. APUNCAC: An International Convention to Fight Corruption, Money Laundering, and Terrorist Financing
  16. “Unlocking Legal Gridlock in High-Income Countries: How Excessive Litigation Hampers Growth and Harms Democracy”
  17. International Trade Law, WTO, and Rising Issues
  18. Can a Complicated “Consensus” Survive a Dose of Populist Poison? Exploring the Potential Impact of Brexit and Trumpism on the Developed Country Approach to Trade Law and Policy
  19. Universities as Engines of Development
  20. The Courts and Corporate Executive Compensation in Canada
Heruntergeladen am 3.2.2026 von https://www.degruyterbrill.com/document/doi/10.1515/ldr-2021-0047/pdf
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