This paper seeks to develop the evidence base on the investability of commercial law and justice reforms by applying cost benefit analysis
This paper seeks to develop the evidence base on the investability of commercial law and justice (CLJ) reforms, by applying cost benefit analysis (CBA) as one tool through which to establish their value for money. It is intended to assist:
- donors to determine the value for money of specific CLJ reforms and prioritise resource allocations accordingly
developing country governments to conduct their own CBA and make the case for additional funding of CLJ reforms
- donors, developing country governments and alternative funders to consider the applicability of impact investing to CLJ reforms – and the potential costs and benefits, and therefore investability, of specific reforms.
This research was funded under the Legal Assistance for Economic Reform (LASER) programme
Richard Hooper, Chris Sutton, Sarah Callaghan, Georgia Plank, Eleanor Penney and Neil Pogorelsky : Commercial Law and Justice as an investable product: a value for money perspective (2016) 72pp