What Is law and development? -- Evolution of law and development -- General theory of law and development -- Law and development in South Korea -- Law and development in South Africa -- Application of the law and development approach in the United States -- Law reform projects and analytical law and development model -- Property Rights and Economic Development -- Political Governance, Law, and Economic Development -- Legal Frameworks for Business Transactions and Economic Development -- State Industrial Promotion -- International Legal Frameworks : Trade and Development -- Conclusion.

"The book examines the theory and practice of law and development. It introduces the General Theory of Law and Development, an innovative approach which explains the mechanisms by which law impacts development. The book analyzes the process of economic development in South Korea, South Africa, and the United States from legal and institutional perspectives. The book also explains why the concept of 'development' is not only relevant to developing countries but to developed economies as well. The new edition includes five new chapters addressing the relationships between law and economic development in several key areas, including property rights, political governance, business transactions, state industrial promotion, and international trade and development"--