"A Long Way to Go"

The launch of the Doing Business evaluation has prompted lots of people to share with us their own work assessing the DB Indicators.   For instance there's a program called "Economic Attractiveness of Law"  at the University of PAris - X.  The director sent along a translation of his 2006 paper, Can We Rank Legal Systems According to Their Economic Efficiency?  Here's the paper's concluding passage:

"We consider a decisive step that an organization like the World Bank began to look seriously  at institutions and particularly at legal systems as a key determinant in the explanation  of development and growth. However, we also consider essential to not embark on the wrong boat, going to the wrong place or, even worse, going nowhere. Measuring the economic impact of legal systems is a complex business that needs more conceptual refinement and the careful development of an appropriate methodology. Otherwise it reflects only ideological biases. We still have a long way to go in order to find the right direction."