THE CONTRIBUTION OF THE BINDING PRECEDENT TO THE ECONOMIC DEVELOPMENT OF COUNTRIES
DOI:
https://doi.org/10.12957/redp.2022.67532Keywords:
Development, binding precedente, juridical safety, predictability, celerityAbstract
The article examines whether the adoption of a binding precedent can help the countries' economic development. In this sense, the research has as background the Brazilian legal system, which has always adopted the civil law system, giving little importance to the precedents, and now moves to a hybrid system in which the law and binding precedents coexist harmoniously, both of which must be respected by the judge. In this way, firstly it is analyzed the main factors that the legal order of a locality must have in order to be considered attractive for investments. Secondly, the expectations that the adoption of the binding precedent brings, such as the greater predictability of decisions. Another important effect is greater celerity of judicial decisions, since the solution to the case submitted to judicial analysis, once repeated the same legal and factual grounds of cases previously decided, will depend only on the subsumption of the magistrate. It can be concluded that it is a valid source that contributes to the development of the countries, but it still needs a maturation time in order to produce positive effects.
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