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Presentation
Local private law as a means of funneling domestic savings into investment (Why foreign direct investment is overvalued in growth theory)
X Annual Conference of the Latin American Law and Economics Association (2006)
  • Juan Javier del Granado
Abstract
As ancient as the distinction between private and public law is, the concept is still misunderstood. We suggest that what really defines the sphere of private law is the manner of its legislation. Private law is a product of private legislation. Moreover, foreign direct investment, although beneficial as a means of importing foreign technology, is incapable of assuming the risks that yield economic growth. Private law must funnel domestic savings into investment for a country to grow.
Disciplines
Publication Date
May, 2006
Citation Information
Juan Javier del Granado. "Local private law as a means of funneling domestic savings into investment (Why foreign direct investment is overvalued in growth theory)" X Annual Conference of the Latin American Law and Economics Association (2006)
Available at: http://works.bepress.com/juan_javier_del_granado/17/