
Technology and globalization are uprooting and reshaping daily life. Global supply chains are now deeply embedded, and digital platforms connect almost everyone in complex networks of data and exchange. This "flat world" is one of tremendous possibility, but it also poses challenges to stability and shared prosperity. In Rules for a Flat World, Gillian Hadfield argues that the legal rules that currently guide global integration are no longer working. They are too slow, costly, and localized for increasingly complex advanced economies, and fail to address issues such as poverty, instability, and oppression for the billions living in the developing world. Hadfield proposes a new set of rules that enhance complex societies and economic interdependence and makes the case for building a more agile infrastructure. In this paperback edition, she presents a new prologue to her sweeping historical overview and vision of the relationship between law and economic and social prosperity.
How can legal systems be redesigned to support stability and prosperity in an increasingly complex, globalized, and digital world? Gillian K. Hadfield, a professor of law and economics, examines the historical evolution of legal infrastructure and argues that current systems are insufficient for modern economic demands. She posits that the existing legal framework is too rigid and localized, necessitating a shift toward more agile, scalable, and inclusive rules to address global inequality and technological disruption.
What You Will Find
Scope Limits
Experts and scholars in the fields of law and economics frequently cite this work as a significant contribution to the discourse on institutional design in the digital age. Readers often note the academic rigor of the prose, which balances historical context with forward-looking policy recommendations.
Page Count:
424
Publication Date:
2020-05-14
Publisher:
Oxford University Press
ISBN-10:
0190931825
ISBN-13:
9780190931827
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