The Economics of Legal Harmonization

Disharmonized the Regulation of Biological Resources and its Ecosystem in Indonesia

“…Furthermore, what is called legal harmonization is a process that harmonizes the rules of law both within the federal framework (which exists in the presence of superior regulatory entities to joint entities) through the adoption of regulatory models agreed upon at the multilateral level (such as a convention adopted in the OECD or UN) or through the unilateral adoption of a foreign sovereign legal system by a different sovereign state (Baffi & Santella, 2011). Meanwhile, David Leebron, as quoted by Giandomenico Majone, claims that harmonization is a normative statement that differences in law and policy of two, or more, jurisdictions must be reduced: either by assigning decisions to the same political authority; or by different countries adopting similar laws and policies, even in the absence of such common authority (Majone).…”