Clifford Chance

The Role of Law in Economic Development in Brazil

23 March 2016

Clifford Chance is supporting a research project which examines the role of law and legal institutions in economic development, growth and innovation in Brazil, India, Russia and China. The project is being led by the Centre for Business Research at Cambridge University which brings together economists, lawyers and social scientists. At an event at Clifford Chance in London, John Armour, Professor of Law and Finance at the University of Oxford, discussed the empowering of financial institutions in Brazil. In this extract he discusses the legacy of Brazil’s hyper inflation and the steps that are being taken to reform its laws.

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