ABSTRACT

"Law and development" is an area of inquiry on the interrelationship between law and development. In practice, this term, which is unfamiliar to many, refers to various studies, analytical approaches, and practical projects that concern the general or specific aspects of this interrelationship. Law is a pillar concept of law and development; thus, it is essential to clarify the concept of "law" in the context of law and development. Despite the noted importance of economic development, economic development and social development are not completely separate and influence each other. The concept of "development," which is defined as a progressive transformation of the economy and society, has been associated with developing countries. This chapter illustrates how the law and development approach could be adopted to address the economic problems in the United States. The chapter also presents an overview of the key concepts discussed in the subsequent chapters.