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Legal Barriers to Responding to the Global Economic Crisis

By John Dermody, Travis Hodgkins, and Nema Milaninia

As the global economic slowdown worsens, the world?s major economic powers seem to agree that the key to fixing things (or lessen the damage) is massive spending. At the time of this post, at least thirty-four countries have announced ambitious stimulus plans. The plans vary in size and scope, and this is at least partially influenced by the differing legal constraints each country faces. The European Union serves as a key example of how legal pressures can restrict or change the costs of using certain economic strategies, because of the complex agreements the EU countries have entered into regarding management...

Full post as published by Transnational Law Blog on February 08, 2009 (boomark / email).