In October 25, 2013, the Standing Committee of the National People's Congress made a decision on revising the "consumer rights protection law" of PRC. The new revised "Chinese Consumer Protection Law" China consu...In October 25, 2013, the Standing Committee of the National People's Congress made a decision on revising the "consumer rights protection law" of PRC. The new revised "Chinese Consumer Protection Law" China consumers will take consumer cooling-off period system as an important consumer right.2 Because it is a new system different from traditional civil law "principle of obeying compacts" , and the theoretical research on the calm period by scholars is still not mature enough. This paper discusses the consumer cooling off period from the theoretical perspective, and its legal origin, and puts forward and demonstrates legal principles and the legal basis the cooling off period system should follow.展开更多
This paper intends to critically review some of the challenges rooted in Aruba’s civil law legal heritage in stimulating a post-corona economic recovery which should ideally be driven towards economic diversification...This paper intends to critically review some of the challenges rooted in Aruba’s civil law legal heritage in stimulating a post-corona economic recovery which should ideally be driven towards economic diversification.It also seeks to contextualize the effect of Aruba’s civil law system on economic growth compared to other Caribbean states with similar size,population,and tourism dependency but with legal systems rooted in the common law.This paper’s methodological approach is meta-analytical and includes a critique of the labor laws as well as the substantive role of the state in driving economic performance that is a normative feature in some civil law states.It posits that Aruba’s economic responsiveness,to the coronavirus should consider legal origins as a factor that limits its capacity and capability to execute an effective restructuring of tired economic paradigms and introduce new economic models that would challenge its mono-economic status.展开更多
Since the rise of the economic and financial development theory, around economic and financial development of the determinants and what financial arrangements for promoting economic growth and other issues, thus resul...Since the rise of the economic and financial development theory, around economic and financial development of the determinants and what financial arrangements for promoting economic growth and other issues, thus resulted in a variety of important theoretical debate. This paper will Define what is meant by key terms such as legal tradition and endowment, explain the channels through which legal tradition and endowment affect financial development through talking about the relationship between legal origin, initial in endowment and financial development. By comparing different legal traditions or the"Origins"between the The Continental Law System and Common Law System, a comprehensive analysis of the effects of different origin of law on the financial and economic development.展开更多
This study investigates 92 countries of different legal origins,including 25 English origin,44 French origin,11 Scandinavian and German origin,and 12 socialist origin countries.Compared to other countries,China has th...This study investigates 92 countries of different legal origins,including 25 English origin,44 French origin,11 Scandinavian and German origin,and 12 socialist origin countries.Compared to other countries,China has the highest government ownership of banks,and lies in the middle in terms of official supervisory power over banks,and government efficiency in governance.As regards economic development measured by per capita GDP growth,in the period from 1995 to 2015,China performed significantly better than all the other countries in the sample–countries varying in legal origin,government ownership of banks,level of economic and financial development,supervisory power over banks,and government efficiency.The findings are robust when we examine the country-years with similar per capita GDP as that of China.The regression results show that in some circumstances,higher government ownership of banks is associated with higher economic growth and the positive association is more significant in socialist origin countries.Further discussions suggest that the high government involvement in commercial banks fits in well with the unique characteristics of China–such as a large population,underdeveloped economy,imbalance in resources and development in different areas,as well as the utmost trust placed on the Chinese government and government owned banks–thus may benefit economic growth.展开更多
文摘In October 25, 2013, the Standing Committee of the National People's Congress made a decision on revising the "consumer rights protection law" of PRC. The new revised "Chinese Consumer Protection Law" China consumers will take consumer cooling-off period system as an important consumer right.2 Because it is a new system different from traditional civil law "principle of obeying compacts" , and the theoretical research on the calm period by scholars is still not mature enough. This paper discusses the consumer cooling off period from the theoretical perspective, and its legal origin, and puts forward and demonstrates legal principles and the legal basis the cooling off period system should follow.
文摘This paper intends to critically review some of the challenges rooted in Aruba’s civil law legal heritage in stimulating a post-corona economic recovery which should ideally be driven towards economic diversification.It also seeks to contextualize the effect of Aruba’s civil law system on economic growth compared to other Caribbean states with similar size,population,and tourism dependency but with legal systems rooted in the common law.This paper’s methodological approach is meta-analytical and includes a critique of the labor laws as well as the substantive role of the state in driving economic performance that is a normative feature in some civil law states.It posits that Aruba’s economic responsiveness,to the coronavirus should consider legal origins as a factor that limits its capacity and capability to execute an effective restructuring of tired economic paradigms and introduce new economic models that would challenge its mono-economic status.
文摘Since the rise of the economic and financial development theory, around economic and financial development of the determinants and what financial arrangements for promoting economic growth and other issues, thus resulted in a variety of important theoretical debate. This paper will Define what is meant by key terms such as legal tradition and endowment, explain the channels through which legal tradition and endowment affect financial development through talking about the relationship between legal origin, initial in endowment and financial development. By comparing different legal traditions or the"Origins"between the The Continental Law System and Common Law System, a comprehensive analysis of the effects of different origin of law on the financial and economic development.
文摘This study investigates 92 countries of different legal origins,including 25 English origin,44 French origin,11 Scandinavian and German origin,and 12 socialist origin countries.Compared to other countries,China has the highest government ownership of banks,and lies in the middle in terms of official supervisory power over banks,and government efficiency in governance.As regards economic development measured by per capita GDP growth,in the period from 1995 to 2015,China performed significantly better than all the other countries in the sample–countries varying in legal origin,government ownership of banks,level of economic and financial development,supervisory power over banks,and government efficiency.The findings are robust when we examine the country-years with similar per capita GDP as that of China.The regression results show that in some circumstances,higher government ownership of banks is associated with higher economic growth and the positive association is more significant in socialist origin countries.Further discussions suggest that the high government involvement in commercial banks fits in well with the unique characteristics of China–such as a large population,underdeveloped economy,imbalance in resources and development in different areas,as well as the utmost trust placed on the Chinese government and government owned banks–thus may benefit economic growth.