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The economic factors behind international legal harmonization: a jurimetric analysis of the Latin American experience
Emerging Markets Review (2001)
  • Edgardo Buscaglia
Abstract

This paper shows that the international harmonization of commercial legal rules and commercial legal standards in Latin America have been the result of very specific legal and economic country-specific factors. The paper proposes that international legal harmonization within a regional bloc of countries is a function of the convergence of three broad conditions: (1) first, the a priori international country-to-country compatibility in the form and scope of their legal rules applied to domestic commercial transactions; (2) the emergence and growth of intra-sectoral international markets supported by foreign direct investment; and (3) the emergence and growth of domestic trade-related industries seeking compatible legal rules in their exporting markets abroad. A jurimetric model is introduced showing that the drive to seek international legal harmonization has been explained by these specific economic and legal domestic factors.

Disciplines
Publication Date
March, 2001
Citation Information
Edgardo Buscaglia. "The economic factors behind international legal harmonization: a jurimetric analysis of the Latin American experience" Emerging Markets Review Vol. 2 Iss. 1 (2001)
Available at: http://works.bepress.com/edgardo_buscaglia/15/