Yun-chien Chang

Wei Shen

Wen-yeu Wang

Past research and literature suggest that legal institutions drive economic development. Yet China has grown for decades without the fundamental legal infrastructure that was once considered necessary. This is called the 'China puzzle' or the 'China myth'. By carefully comparing the four key branches of private law in China and Taiwan - a jurisdiction that grew with modest legal institutions and shares similar legal and non-legal culture - this collaborative and novel book demystifies the 'China puzzle'. Top scholars in the field use an economics-focused analytical approach to explain how and why the laws have taken such paths over the past four decades. Comparing property, contract, tort, and corporate laws in China and Taiwan, these authors delve deeply into key doctrines to provide a meaningful account of the evolution of private law in these two jurisdictions.

Legal and Economic Analyses

Private Law in China and Taiwan

This book examines the regulatory framework, regulatory objectives, regulatory logics, regulatory instruments, regulatory failures, and regulatory responses in China's financial market after the global financial crisis. The book provides an in-depth analysis of China's contemporary financial regulatory system, focusing on risks, regulation, and policies in practice. By drawing on public and private interest theories relating to financial regulation, the book contends that the controlled development of the banking sector, and the financial sector generally, has transformed China's banks into more market-oriented institutions and increased public sector growth. However, China's financial market and financial regulation have some inherent weaknesses and deficiencies. This book also offers insights into how this can be improved or adapted to minimize systemic risks in China's financial sector. This book tries to prove that financial regulation is not just a vehicle for maintaining efficient financial markets but a primary tool through which the Chinese government achieves its political and economic objectives. More fundamentally, according to the law and finance theory, strong market and vibrant judicial systems are needed to further modernize China's financial markets and market economy. The book will be a useful reference for anyone interested in learning from the Chinese experience.

China's Financial Markets After the Global Financial Crisis

Conceptualizing the Regulatory Thicket

Council of Europe

Jonathan Evans

"Young people are particularly vulnerable to fluctuations in economic trends. Youth employment is therefore high on the policy agenda of those concerned with promoting social inclusion. While youth-targeted employment policies tend to combine both demand-side and supply-side approaches, it is important to recognise that traditional notions of "work" have more recently been challenged and reconceptualised. The old assumptions about gender roles, "job security" and "planned careers" have thus been transformed by the profound economic and social changes of recent decades. The essays collected here were developed from papers first delivered at a research seminar on youth employment organised by the partnership between the Council of Europe and the European Commission in the field of youth. They represent a diverse and, at times, provocative collection of analytic snapshots of the position of young people on the European labour market. What emerges is a shared commitment to finding flexible responses to economic globalisation and a concomitant concern for promoting the rights, interests and welfare of young people in both training placement and in the workplace."--P. [4] of cover.

Youth Employment and the Future of Work

Douglas W. Arner

Wai Yee Wan

Andrew Godwin

Evan Gibson

This comprehensive Research Handbook provides an in-depth analysis of the different financial law approaches, legal systems and trends throughout Asia. It considers how reforms following the crises have been critical for the development and growth of the region and explores a broad range of post-crisis financial regulatory issues. This timely book also examines how inconsistent and divergent approaches to financial market regulation are curtailing the region’s potential.

Wei Shen

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