ABSTRACT
Law and development studies have drifted, and the field has been stagnant, particularly with respect to the development of coherent theories and methodologies that explain the important interrelationships between law and development. There are lessons from both successful and unsuccessful experiences in development; there is no monolithic path for economic development and no universal legal or institutional arrangement that works for economic development. The development of the Analytical Law and Development Model (ADM) is both necessary and feasible, although the scale of the project may require many years for its completion. The regional economic gaps within developed countries, stagnant economic growth, and widening income gaps among populations in developed countries also require regulatory reform under new legal and institutional approaches. The proposed law and development approaches can also be adopted to address the economic problems of developed countries, and this will substantially increase the scope of law and development studies and practices.
