Tuesday, December 28, 2004

Does legal history affect a country's economy?

Malaysia and Indonisia are two Asian nations that share a common backround. They are similar in terms of geography, religion and they speak the same language. However, the citizens of Malaysia are three times more prosperous. The Malaysian legal system, like the US, is based on English common law. As a Dutch colony, the Indonisian legal system is premised on French civil law. Are countries based on English common law more economically successful than those based on French civil law? more...>