ABOUT NEW MARKETS LAB
Our Guiding Philosophy
Leverage law and regulation as a tool for sustainable economic development and build legal capacity in an evolving global market. NML's work is driven by the needs of real people, in real-time, across borders. NML has developed a new approach and methodology for legal and regulatory change, which engages public and private stakeholders to integrate social and economic considerations into the design and implementation of rules within and across borders.
Advancing a new model for law and development that integrates markets, builds legal capacity, and paves the way for the next generation of lawyers. We believe that sustainable economic development requires legal and regulatory systems that are designed and applied to open new market opportunity, protect consumers and vulnerable populations, and advance countries’ economic development goals and the SDGs. NML's globally diverse and entrepreneurial team, many of whom are young lawyers from around the world with a different vision for the role of law in economic development, is achieving this vision while upending traditional models for legal and regulatory reform.
Globalization is changing the nature of markets and the laws and regulations that shape them, with significant implications for social and economic development. As the rules governing the market become more interconnected and complex, a better process for crafting, understanding, and reforming economic laws and regulations is needed. Market rules should be benchmarked against their potential for economic growth, poverty reduction, and social participation, reinforcing global legal frameworks and the Sustainable Development Goals (SDGs).
NML has developed a new approach and methodology for legal and regulatory change, which engages public and private stakeholders to integrate social and economic considerations into the design and implementation of rules within and across borders. Through its programs and thought leadership, NML bridges the gap between high-level law and policy and on-the-ground realities in order to build legal systems that can deliver on development goals, strengthen rule of law, and improve application of the law in practice.
Our Approach to Legal and Regulatory Reform
NML’s work focuses in particular on the implementation of economic law and regulation. Implementation has several different dimensions (see diagram below), all of which contribute to sustainable development.