- Discussions in class all talk about rights, the freedoms that we accord so much

importance to. Many minutes have been dedicated just to discussing the punitive
legal system in Singapore etc. Just through anecdotal evidence, we can all agree that
the legal system is the most important factor for development: to protect and
maintain our right to freedom, justice and peace. Right from the outset:

- Of course, we cannot just rely on an emotive line of argumentation. That’s not what
Harvey spectre would do, so lets look at some real-life case studies:

- Over the last decade, there has been an extraordinary increase in the attention paid
to the role that public institutions play in promoting economic development. This
institutionalist revival in the development community has included a resurgence of
interest in the role that legal and judicial institutions play, or ought to play, in
promoting material improvements in the quality of life of the world’s poor.

- the primary service provided by courts is thought to be reliable and efficient dispute
resolution. This service is important to development for at least three reasons. First,
courts enforce contract and property rights, and secure property and contract rights
are important for fostering productive investment and arms’ length economic
transactions

- Second, state-funded courts may improve economic performance by correcting

various market failures. For example, judicial imposition of legal liability for certain
types of harm may induce private parties to internalize what would otherwise be
negative externalities associated with their conduct. To put the same point in more
Coasian terms, a well-functioning judicial system may allocate liability in such a way
that total social costs are minimized (Coase 1960).

- I quote verbatim from the sheet in front of you: quote last bullet point

- Just to further cement my argument I want to prove to you categorically how

imperative, how crucial a functional legal system truly is:

- Everyone has / will be spewing their regular baseless rhetoric about how each of
their factors is the most important, but what you all, my esteemed peers, need to
realise that none of these factors can ameliorate unless they are supported by a
robust and developed legal institution.

- It is mutually exclusive, it is fundamentally impossible L and G to ameliorate the

treatment of women, it is impossible to enforce the payment of a tax without a
robust legal system.

- We already went through the legal pitfalls of the education argument, we need legal
safeguards for health, government mandated insurance like in Singapore,
government legislation, we need a robust legal system that limits loopholes to
mitigate corruption like in Singapore.
- As mr huckle said about empowering women through a developed legal system.