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Globalization of Legal Services and Regulatory Reforms

Globalization of Legal Services and Regulatory Reforms
Perspectives and Dynamics from India

First Edition
  • Rupa Chanda - Indian Institute of Management Bangalore, India
  • Pralok Gupta - Associate Professor, Centre for WTO Studies, Indian Institute of Foreign Trade, New Delhi

April 2015 | 228 pages | SAGE India

This book brings out the need to organize the Indian legal sector for greater competition against the backdrop of the changing economic realities in India and around the globe.

It argues that the primary issue facing this sector is not just that of liberalization and providing access to foreign firms, but also the weaknesses and regulatory gaps that affect its global competitiveness. Highlighting the prevailing dynamics, the book focuses on the regulatory challenges and perceptions surrounding the legal sector’s liberalization in a developing economy such as India.

List of Tables
List of Figures
List of Abbreviations
Globalization and Regulation of Professional Services
Trade in Legal Services: Past and Present Trends
Regulatory Environment for Legal Services: A Cross-country Analysis
Legal Services in India
Political Economy of Liberalization: Stakeholders’ Views
A Roadmap for Reforms
About the Authors

A pathbreaking study of the legal services industry in India, which addresses the central policy question: what needs to be done to make this sector globally competitive? A must-read for anyone interested in the future of India’s legal services sector.

Shankar Acharya
Former Chief Economic Adviser to the Government of India

Trade in services is an increasingly important component of world trade. Careful examination of its potential and the restrictions imposed on it are essential. This study of legal services is an important contribution that will serve as a model for studies of other tradeable services.

Jagdish Bhagwati
University Professor, Columbia University

[This book] fills a much needed analytical space in the discussion of Indian services sectors, especially professional services…a comprehensive treatment that investigates the fundamental linkages of domestic regulation, domestic industry conditions, institutional features and the political economy and its relation to trade policy and trade negotiations was missing.

Foreign Trade Review,
Volume 51 (Issue 1), February 2016

Rupa Chanda

Rupa Chanda is a Professor of Economics and Social Sciences at the Indian Institute of Management (IIM), Bangalore, with a PhD in Eco­nomics from Columbia University, New York. Earlier, she worked as an Economist at the International Monetary Fund (IMF) in Washington, DC. Her research interests include the WTO, international trade in services, regional integration, health services and migration. She has undertaken research assignments for various international and Indian organisa­tions, including the World Health Organization (WHO), United Nations Development Programme (UNDP), OECD, European Commission, World Bank and ICRIER. She has... More About Author

Pralok Gupta

Pralok Gupta is working as an Associate Professor (Services and Investment) at the Centre for WTO Studies, Indian Institute of Foreign Trade, New Delhi. Dr Gupta has a PhD degree in Economics and Social Sciences from IIM Bangalore. He has been a visiting and full-time faculty member at various Indian institutions, including the Indo-German Chamber of Commerce. Dr Gupta has been appointed as member of the Task Force on Services Sector Exports, Ministry of Commerce, Government of India; Member (Sectoral Expert) of the Inter Ministerial Sub-Group on Data in Trade in Services, Ministry of Commerce, Government of India; and... More About Author

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ISBN: 9789351501435