The book examines the theory and practice of law and development. It introduces the General Theory of Law and Development, an innovative approach which explains the mechanisms by which law impacts development. This book analyzes the process of economic development in South Korea, South Africa, and the United States from legal and institutional perspectives. The book also explains why the concept of "development" is not only relevant to developing countries but to developed economies as well.

The new edition includes five new chapters addressing the relationships between law and economic development in several key areas, including property rights, political governance, business transactions, state industrial promotion, and international trade and development.

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Yong-Shik Lee is a scholar in law and development. He is currently Director of the Law and Development Institute and Visiting Professor of Law at Georgia State University College of Law. Lee has taught at leading universities throughout the United States, Asia, and Australia. He graduated in economics with academic distinction from the University of California at Berkeley and received law degrees from the University of Cambridge (B.A., M.A., Ph.D.). Author of Reclaiming Development in the World Trading System (Cambridge University Press, 2006, 2009, 2016), Microtrade: A New System of Trade Toward Poverty Elimination (Routledge, 2013), Law and Development Perspective on International Trade Law (Cambridge University Press, 2011), and Safeguard Measures in World Trade: The Legal Analysis (Edward Elgar, 2003, 2005, 2014), Lee has published over 100 scholarly articles, book volumes, chapters, and shorter notes in the areas of law and development, international economic law, and economics, with leading publishers in North America, Europe, and Asia. He has also frequently spoken on issues relating to law and development, international economic law, and the WTO.

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