ABSTRACT
The law reform projects have included a wide range of law reform initiatives, for instance, to facilitate private sector growth, secure land rights, combat corruption, improve gender equality, and reform the judiciary. This chapter highlights its relevance to economic development and discusses some of the pertinent questions and issues to be addressed by the Analytical Law and Development Model (ADM). The ADM will also assess the way and the extent to which individual property rights promote economic development, subject to relevant socioeconomic conditions, and examine the point of balance between individual property rights and public interest in property. The ADM analyzes the socioeconomic conditions necessary for successful corruption control. The legal framework for banking and financing is essential for economic development as it sets forth the regulatory apparatus for the accumulation and distribution of capital through various banking and financing devices such as savings and loans.
