Need to explore ties between law and economic change stressed

By Our Special Correspondent

HYDERABAD, NOV. 26. A two-day international conference on "Law and Economic Change--Ushering in an Era of Liberalisation", organised by NALSAR University of Law, Hyderabad, and Griffith University, Australia, that ended here on Sunday, resolved that the rapid economic progress, including second and third generation reforms, must focus not only on growth of equity but also upon distributive equity and social justice.

The Hyderabad Declaration, as the resolutions were called, encapsulating the presentations and deliberations for two days, was unanimously accepted and accordingly declared by Mr Abhishek M. Singhvi, a Supreme Court advocate, in the presence of the Andhra Pradesh Chief Justice-designate, Dr A. R. Lakshmanan.

Delivering the valedictory address, the Solicitor-General of India, Mr Harish Salve, called for a legal regime which would allow autonomy with responsibility, greater investor- friendliness, expeditious dispute resolution system and strengthening of the systems to do away with the strangulating controls. Referring to the September 11 attacks in the US by terrorists, Mr Salve said the world should understand that the economic disparities were a fertile breeding ground for divisive and destructive forces. The law and social change should lead to resolve economic disparities.

Under the Declaration, the NALSAR and Griffith universities agreed that it was necessary and desirable to explore the vital interface between law and economic change.

Prof. Amita Dhanda, registrar of NALSAR, and Prof Drew Nesdal, pro-chancellor, Griffith University, presented a gist of proceedings. Prof. Ranbir Singh, director, NALSAR, proposed a vote of thanks.

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