Law and Economic Development - Original PDF
نویسندگان: Kaushik Basu · Ajit Mishra
خلاصه: CHAPTER 1 Introduction Kaushik Basu and Ajit Mishra In recent decades and especially in the last few years, we have witnessed several dramatic changes in the global economy. The rise of artificial intelligence, digital technology, and mega platforms that collect data and facilitate trade is changing the landscape of economics. Rapid globaliza- tion since the end of World War II, with a pick-up in pace over the last three to four decades, has created new challenges for law and regulation since increasingly contentious conflicts arise, which span multiple coun- tries and legal jurisdictions. With new technology and globalization, the demand for traditional labor has been declining, creating new societal tensions and political polarization. Digital technology is giving rise to massive economies of scal