Midterm 1- part1 - them more flexible. Civil law countries,...

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11/4/2008 Eng 100WB Midterm Part 1 1. Thesis Economy build on the bases of law allow it to grow, to better adapt and withstand shocks and improve its people’s prosperity. 2. Strand of Logic The U.S. and Britain have bigger stock market and more shareholding citizens than Germany and France. Different legal traditions created in the 12 th century in England and France, were spread through the colonies. 900 years later, these traditions still influence business, investors and government. Western commercial law comes from two traditions: England and Rome. Common or case law countries, such as U.S. and British, empower the judges and arbitrators to make more common laws. Common or case law countries are more adapted to cope with change, which make
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Unformatted text preview: them more flexible. Civil law countries, such as Latin America, Judges are distrusted. Civil law countries are not adapted to cope with change. Civil law countries give more power to the government than people. In the global trade and market, the rules need to be identical so the trade could be done easily. Since the Common or case law countries are well adapted to change, they do not care about following a different set of rules to follow in different market. But for the civil law countries change is not easily accepted. Therefore allowing the common or case law countries to have more trade, which in return have more economic growth....
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This note was uploaded on 09/08/2010 for the course ENGL 100WB at San Jose State University .

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Midterm 1- part1 - them more flexible. Civil law countries,...

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