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2000

Columbia Law School

SSRN

Law Enforcement and Corrections

Articles 1 - 2 of 2

Full-Text Articles in Law

Patterns Of Legal Change: Shareholder And Creditor Rights In Transition Economies, Katharina Pistor Jan 2000

Patterns Of Legal Change: Shareholder And Creditor Rights In Transition Economies, Katharina Pistor

Faculty Scholarship

This paper analyses changes in the legal protection of shareholder and creditor rights in 24 transition economies from 1990 to 1998. It documents differences in the initial conditions and a tendency towards convergence of formal legal rules as the result of extensive legal reforms. Convergence seems to be primarily the result of foreign technical assistance programs as well as of harmonisation requirements for countries wishing to join the European Union. The external supply of legal rules not withstanding, the pattern of legal reforms suggests that law reform has been primarily responsive, or lagging, rather than leading economic development. In comparison ...


Punishment, Deterrence And Social Control: The Paradox Of Punishment In Minority Communities, Jeffrey Fagan, Tracey L. Meares Jan 2000

Punishment, Deterrence And Social Control: The Paradox Of Punishment In Minority Communities, Jeffrey Fagan, Tracey L. Meares

Faculty Scholarship

Since the early 1970s, the number of individuals in jails and state and federal prisons has grown exponentially. Today, nearly 2 million people are currently incarcerated in state and federal prisons and local jails. The growth of imprisonment has been borne disproportionately by African-American and Hispanic men from poor communities in urban areas. Rising incarceration should have greatly reduced the crime rate. After all, incapacitated offenders were no longer free to rob, assault, steal, or commit other crimes. However, no large scale reduction in crime was detected until the mid-1990's. The failure of crime rates to decline commensurately with ...