Enforcement of Property Rights and Contractual Obligations

By now, Russia has actually become one of the leaders in the scope of its domestic business laws among countries with transition economies. However, there is still a significant lag in the effectiveness of their application. Enforcement is the weakest link in the system of protecting property rights...

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Bibliographic Details
Published in:	Problems of economic transition Vol. 46; no. 8; pp. 7 - 31
Main Authors:	RADYGIN, A., ENTOV, R.
Format:	Journal Article
Language:	English
Published:	Abingdon Routledge 01-12-2003 M.E. Sharpe, Inc Taylor & Francis Ltd
Series:	Problems of Economic Transition
Subjects:	Contract law Enforcement Foreign investment Property rights Transition economies Russia
Online Access:	Get full text
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Summary:	By now, Russia has actually become one of the leaders in the scope of its domestic business laws among countries with transition economies. However, there is still a significant lag in the effectiveness of their application. Enforcement is the weakest link in the system of protecting property rights and fulfilling contractual obligations. Unless there is a radical change in the situation in this field, other measures to protect property rights will be senseless. A favorable investment climate is unthinkable without strengthening the state. In turn, strengthening the institutions of authority without increasing investment activity may lead to the emergence of a poor police state.
ISSN:	1061-1991 1557-931X
DOI:	10.1080/10611991.2003.11049867